Begins Coverage on GEE Group (NYSE:JOB) assumed coverage on shares of GEE Group (NYSE:JOBFree Report) in a research report released on Friday morning. The brokerage issued a buy rating on the stock.

GEE Group Price Performance

NYSE JOB opened at $0.29 on Friday. The firm has a market capitalization of $31.60 million, a price-to-earnings ratio of 5.81 and a beta of 0.46. The company has a 50 day simple moving average of $0.33 and a 200-day simple moving average of $0.40. GEE Group has a 52-week low of $0.24 and a 52-week high of $0.63.

Insider Buying and Selling at GEE Group

In other news, Director John Randall Waterfield bought 99,121 shares of the stock in a transaction on Tuesday, May 28th. The shares were purchased at an average price of $0.36 per share, for a total transaction of $35,683.56. Following the completion of the purchase, the director now directly owns 454,121 shares of the company’s stock, valued at approximately $163,483.56. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders purchased 535,612 shares of company stock valued at $196,161 in the last quarter. Company insiders own 14.60% of the company’s stock.

Institutional Trading of GEE Group

A hedge fund recently bought a new stake in GEE Group stock. Cable Car Capital LLC purchased a new position in GEE Group Inc. (NYSE:JOBFree Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 5,683,792 shares of the company’s stock, valued at approximately $2,843,000. GEE Group comprises 3.2% of Cable Car Capital LLC’s investment portfolio, making the stock its 12th largest position. Cable Car Capital LLC owned about 5.23% of GEE Group as of its most recent SEC filing. 30.38% of the stock is owned by institutional investors.

About GEE Group

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GEE Group Inc provides permanent and temporary professional and industrial staffing and placement services in the United States. The company operates through two segments, Industrial Staffing Services and Professional Staffing Services. It offers placement of information technology, accounting, finance, office, engineering, engineering professionals for direct hire and contract staffing services, and data entry assistants; and temporary staffing services for industrial clients.

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