Maltin Wealth Management Inc. acquired a new stake in shares of GEE Group Inc. (NYSE:JOB – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 328,343 shares of the company’s stock, valued at approximately $168,000. Maltin Wealth Management Inc. owned approximately 0.29% of GEE Group at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Ancora Advisors LLC boosted its position in GEE Group by 15.6% during the 1st quarter. Ancora Advisors LLC now owns 815,617 shares of the company’s stock valued at $338,000 after buying an additional 110,000 shares during the period. Raffles Associates LP lifted its position in shares of GEE Group by 2.5% in the 1st quarter. Raffles Associates LP now owns 9,132,465 shares of the company’s stock worth $3,790,000 after purchasing an additional 218,608 shares during the period. Commonwealth Equity Services LLC purchased a new position in shares of GEE Group during the first quarter valued at about $27,000. Alpha Cubed Investments LLC grew its holdings in shares of GEE Group by 18.2% during the 1st quarter. Alpha Cubed Investments LLC now owns 163,120 shares of the company’s stock worth $68,000 after acquiring an additional 25,120 shares during the period. Finally, Jane Street Group LLC raised its position in shares of GEE Group by 115.9% in the 4th quarter. Jane Street Group LLC now owns 255,366 shares of the company’s stock worth $125,000 after acquiring an additional 137,061 shares in the last quarter. Institutional investors own 34.05% of the company’s stock.
Wall Street Analyst Weigh In
Separately, StockNews.com assumed coverage on shares of GEE Group in a research note on Monday, August 21st. They set a “strong-buy” rating on the stock.
GEE Group Price Performance
NYSE:JOB opened at $0.60 on Tuesday. GEE Group Inc. has a 1 year low of $0.36 and a 1 year high of $0.80. The firm has a market capitalization of $68.09 million, a price-to-earnings ratio of 7.52, a PEG ratio of 0.41 and a beta of 1.64. The business has a 50 day simple moving average of $0.53 and a 200-day simple moving average of $0.49.
GEE Group (NYSE:JOB – Get Free Report) last announced its quarterly earnings data on Monday, August 14th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.06. GEE Group had a net margin of 5.26% and a return on equity of 9.19%. The business had revenue of $38.17 million during the quarter, compared to the consensus estimate of $38.94 million. As a group, analysts expect that GEE Group Inc. will post 0.1 earnings per share for the current fiscal year.
About GEE Group
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, and medical professionals for direct hire and contract staffing services; and temporary staffing services for light industrial clients.
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