PRGX Global Inc. (PRGX) Major Shareholder Strategic Opportunit Headlands Purchases 45,000 Shares of Stock
PRGX Global Inc. (NASDAQ:PRGX) major shareholder Strategic Opportunit Headlands purchased 45,000 shares of the stock in a transaction on Thursday, November 10th. The stock was acquired at an average price of $4.50 per share, with a total value of $202,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Strategic Opportunit Headlands also recently made the following trade(s):
- On Monday, October 10th, Strategic Opportunit Headlands purchased 83,460 shares of PRGX Global stock. The stock was acquired at an average price of $4.90 per share, with a total value of $408,954.00.
- On Monday, October 3rd, Strategic Opportunit Headlands purchased 22,500 shares of PRGX Global stock. The stock was acquired at an average price of $4.70 per share, with a total value of $105,750.00.
PRGX Global Inc. (NASDAQ:PRGX) opened at 5.05 on Tuesday. The firm has a market capitalization of $110.08 million, a PE ratio of 36.33 and a beta of 0.85. PRGX Global Inc. has a 52-week low of $3.04 and a 52-week high of $5.81. The stock’s 50 day moving average price is $4.78 and its 200 day moving average price is $4.92.
PRGX Global (NASDAQ:PRGX) last announced its earnings results on Thursday, October 27th. The company reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.07. The firm had revenue of $35.10 million for the quarter, compared to the consensus estimate of $34.04 million. PRGX Global had a return on equity of 13.66% and a net margin of 2.33%. On average, analysts predict that PRGX Global Inc. will post $0.13 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in PRGX. Spark Investment Management LLC increased its position 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 valued at $102,000 after buying an additional 6,100 shares during the last quarter. Cannell Capital LLC bought a new position in shares of PRGX Global during the second quarter valued at approximately $124,000. Algert Global LLC acquired a new position in PRGX Global during the second quarter valued at $125,000. GSA Capital Partners LLP acquired a new position in PRGX Global during the second quarter valued at $149,000. Finally, O Shaughnessy Asset Management LLC raised 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 valued at $196,000 after buying an additional 35,283 shares during the period. 64.49% of the stock is currently owned by hedge funds and other institutional investors.
PRGX has been the subject of several recent analyst reports. B. Riley restated a “buy” rating and issued a $6.25 price target on shares of PRGX Global in a report on Monday, July 25th. Zacks Investment Research raised PRGX Global from a “hold” rating to a “buy” rating and set a $5.25 price objective for the company in a research report on Saturday, October 29th.
About PRGX Global
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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