PRGX Global Inc. (NASDAQ:PRGX) Director Joseph E. Whitters acquired 12,500 shares of the business’s stock in a transaction on Tuesday, November 22nd. The shares were purchased at an average cost of $5.49 per share, for a total transaction of $68,625.00. Following the completion of the acquisition, the director now directly owns 108,153 shares in the company, valued at $593,759.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
PRGX Global Inc. (NASDAQ:PRGX) opened at 5.45 on Tuesday. PRGX Global Inc. has a one year low of $3.04 and a one year high of $5.81. The stock has a market capitalization of $118.83 million, a P/E ratio of 39.21 and a beta of 0.85. The company has a 50 day moving average of $4.94 and a 200-day moving average of $4.96.
PRGX Global (NASDAQ:PRGX) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.07. PRGX Global had a return on equity of 13.66% and a net margin of 2.33%. The company earned $35.10 million during the quarter, compared to analyst estimates of $34.04 million. Equities research analysts predict that PRGX Global Inc. will post $0.13 earnings per share for the current fiscal year.
PRGX has been the topic of a number of analyst reports. Zacks Investment Research raised shares of PRGX Global from a “sell” rating to a “hold” rating in a report on Wednesday, September 28th. B. Riley reaffirmed a “buy” rating and set a $6.00 price objective on shares of PRGX Global in a report on Thursday, October 27th.
A number of hedge funds have recently made changes to their positions in PRGX. Spark Investment Management LLC raised its stake in shares of PRGX Global by 39.1% in the third quarter. Spark Investment Management LLC now owns 21,700 shares of the company’s stock worth $102,000 after buying an additional 6,100 shares during the last quarter. Cannell Capital LLC purchased a new position in PRGX Global during the second quarter worth about $124,000. Algert Global LLC purchased a new position in PRGX Global during the second quarter worth about $125,000. GSA Capital Partners LLP purchased a new position in PRGX Global during the second quarter worth about $149,000. Finally, O Shaughnessy Asset Management LLC increased its position in PRGX Global by 1,592.9% in the second quarter. O Shaughnessy Asset Management LLC now owns 37,498 shares of the company’s stock worth $196,000 after buying an additional 35,283 shares during the period. 71.45% of the stock is owned by institutional investors.
PRGX Global Company Profile