PRGX Global Inc. (PRGX) Director Matthew A. Drapkin Buys 200,000 Shares
PRGX Global Inc. (NASDAQ:PRGX) Director Matthew A. Drapkin purchased 200,000 shares of the company’s stock in a transaction on Monday, November 14th. The shares were purchased at an average price of $5.00 per share, for a total transaction of $1,000,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of PRGX Global Inc. (NASDAQ:PRGX) opened at 5.05 on Tuesday. PRGX Global Inc. has a 52 week low of $3.04 and a 52 week high of $5.81. The stock has a market cap of $110.08 million, a P/E ratio of 36.33 and a beta of 0.85. The stock has a 50 day moving average price of $4.78 and a 200-day moving average price of $4.92.
PRGX Global (NASDAQ:PRGX) last released its earnings results on Thursday, October 27th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.07. The firm earned $35.10 million during the quarter, compared to analyst estimates of $34.04 million. PRGX Global had a return on equity of 13.66% and a net margin of 2.33%. Equities analysts predict that PRGX Global Inc. will post $0.13 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of PRGX. HCSF Management LLC boosted its stake in PRGX Global by 22.0% in the second quarter. HCSF Management LLC now owns 2,773,766 shares of the company’s stock worth $14,479,000 after buying an additional 500,000 shares in the last quarter. Eagle Global Advisors LLC boosted its stake in PRGX Global by 163.7% in the second quarter. Eagle Global Advisors LLC now owns 65,933 shares of the company’s stock worth $344,000 after buying an additional 40,932 shares in the last quarter. Cannell Capital LLC acquired a new stake in PRGX Global during the second quarter worth $124,000. Algert Global LLC acquired a new stake in PRGX Global during the second quarter worth $125,000. Finally, O Shaughnessy Asset Management LLC boosted its stake 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 in the last quarter. Institutional investors own 64.49% of the company’s stock.
Several research firms have weighed in on PRGX. B. Riley reiterated a “buy” rating and set a $6.25 price target on shares of PRGX Global in a research note on Monday, July 25th. Zacks Investment Research downgraded PRGX Global from a “buy” rating to a “strong sell” rating in a research note on Thursday, July 28th.
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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