Insider Buying: PRGX Global Inc. (PRGX) Major Shareholder Purchases 83,460 Shares of Stock
PRGX Global Inc. (NASDAQ:PRGX) major shareholder Strategic Opportunit Headlands acquired 83,460 shares of the company’s stock in a transaction on Monday, October 10th. The stock was purchased at an average cost of $4.90 per share, for a total transaction of $408,954.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Strategic Opportunit Headlands also recently made the following trade(s):
- On Monday, October 3rd, Strategic Opportunit Headlands bought 22,500 shares of PRGX Global stock. The stock was bought at an average cost of $4.70 per share, for a total transaction of $105,750.00.
Shares of PRGX Global Inc. (NASDAQ:PRGX) traded up 1.43% on Tuesday, reaching $4.98. 9,667 shares of the company’s stock traded hands. The company has a 50 day moving average of $4.83 and a 200-day moving average of $4.91. The stock’s market capitalization is $108.72 million. PRGX Global Inc. has a 52 week low of $3.04 and a 52 week high of $5.81.
PRGX Global (NASDAQ:PRGX) last announced its quarterly earnings results on Tuesday, July 26th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by $0.09. PRGX Global had a negative net margin of 1.85% and a positive return on equity of 5.58%. Equities research analysts forecast that PRGX Global Inc. will post $0.07 earnings per share for the current year.
A number of research analysts recently commented on the stock. Zacks Investment Research downgraded shares of PRGX Global from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 30th. B. Riley reaffirmed a “buy” rating and issued a $6.25 target price on shares of PRGX Global in a research report on Monday, July 25th.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cannell Capital LLC acquired a new position in shares of PRGX Global during the second quarter worth $124,000. Algert Global LLC acquired a new position in shares of PRGX Global during the second quarter worth $125,000. GSA Capital Partners LLP acquired a new position in shares of PRGX Global during the second quarter worth $149,000. O Shaughnessy Asset Management LLC boosted its position in shares of 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. Finally, Royal Bank of Canada acquired a new position in shares of PRGX Global during the second quarter worth $201,000. 70.14% of the stock is currently owned by hedge funds and other institutional investors.
PRGX Global Company Profile
PRGX Global, Inc (PRGX), together with its subsidiaries, provides recovery audit and spend analytics services. The Company provides recovery audit, procure-to-pay performance improvement, spend analytics and risk management services principally to large businesses and government agencies. The Company operates through three segments: Recovery Audit Services-Americas, Recovery Audit Services-Europe/Asia-Pacific and Adjacent Services.
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