PRGX Global Inc (PRGX) Director Purchases $96,696.00 in Stock

PRGX Global Inc (NASDAQ:PRGX) Director Matthew A. Drapkin purchased 10,200 shares of the stock in a transaction dated Wednesday, September 12th. The shares were purchased at an average price of $9.48 per share, with a total value of $96,696.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Matthew A. Drapkin also recently made the following trade(s):

  • On Thursday, September 6th, Matthew A. Drapkin purchased 25,278 shares of PRGX Global stock. The shares were purchased at an average price of $9.27 per share, with a total value of $234,327.06.
  • On Thursday, August 16th, Matthew A. Drapkin purchased 7,310 shares of PRGX Global stock. The shares were purchased at an average price of $8.95 per share, with a total value of $65,424.50.
  • On Monday, August 20th, Matthew A. Drapkin purchased 30,925 shares of PRGX Global stock. The shares were purchased at an average price of $9.15 per share, with a total value of $282,963.75.

NASDAQ:PRGX traded down $0.17 during midday trading on Monday, reaching $8.50. The company had a trading volume of 37,200 shares, compared to its average volume of 65,696. The firm has a market cap of $204.59 million, a PE ratio of 40.52, a price-to-earnings-growth ratio of 7.73 and a beta of 0.75. PRGX Global Inc has a 12-month low of $6.65 and a 12-month high of $10.30. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.30.

PRGX Global (NASDAQ:PRGX) last announced its quarterly earnings results on Thursday, August 9th. The business services provider reported ($0.13) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.08). PRGX Global had a return on equity of 0.06% and a net margin of 0.28%. The business had revenue of $42.10 million for the quarter, compared to analysts’ expectations of $39.70 million. Equities analysts forecast that PRGX Global Inc will post 0.09 EPS for the current year.

Several research analysts have recently commented on the company. TheStreet lowered PRGX Global from a “b” rating to a “c+” rating in a research report on Friday, August 31st. Zacks Investment Research lowered PRGX Global from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 15th. ValuEngine upgraded PRGX Global from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 28th. Finally, Barrington Research reiterated a “buy” rating and issued a $13.00 target price on shares of PRGX Global in a report on Wednesday, September 19th. One investment analyst has rated the stock with a sell rating, two have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $12.00.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Northern Trust Corp increased its position in shares of PRGX Global by 495.5% during the second quarter. Northern Trust Corp now owns 230,457 shares of the business services provider’s stock worth $2,236,000 after purchasing an additional 191,758 shares in the last quarter. Bank of New York Mellon Corp increased its position in PRGX Global by 96.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 66,719 shares of the business services provider’s stock valued at $647,000 after acquiring an additional 32,715 shares during the period. Macquarie Group Ltd. increased its position in PRGX Global by 68.0% in the 2nd quarter. Macquarie Group Ltd. now owns 15,790 shares of the business services provider’s stock valued at $153,000 after acquiring an additional 6,390 shares during the period. Renaissance Technologies LLC increased its position in PRGX Global by 1.8% in the 2nd quarter. Renaissance Technologies LLC now owns 1,842,550 shares of the business services provider’s stock valued at $17,873,000 after acquiring an additional 31,950 shares during the period. Finally, ClariVest Asset Management LLC increased its position in PRGX Global by 357.3% in the 2nd quarter. ClariVest Asset Management LLC now owns 147,353 shares of the business services provider’s stock valued at $1,429,000 after acquiring an additional 115,131 shares during the period. Institutional investors and hedge funds own 79.51% of the company’s stock.

PRGX Global Company Profile

PRGX Global, Inc, together with its subsidiaries, provides recovery audit services to businesses and government agencies having payment transactions and procurement environments. It operates through three segments: Recovery Audit Services ? Americas, Recovery Audit Services – Europe/Asia-Pacific, and Adjacent Services.

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Insider Buying and Selling by Quarter for PRGX Global (NASDAQ:PRGX)

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