PRGX Global Inc. (PRGX) Director Joseph E. Whitters Purchases 12,500 Shares of Stock
PRGX Global Inc. (NASDAQ:PRGX) Director Joseph E. Whitters acquired 12,500 shares of the stock in a transaction dated Tuesday, November 22nd. The stock was bought at an average cost of $5.49 per share, with a total value of $68,625.00. Following the completion of the purchase, the director now directly owns 108,153 shares in the company, valued at $593,759.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of PRGX Global Inc. (NASDAQ:PRGX) opened at 5.50 on Monday. The firm’s 50-day moving average price is $4.92 and its 200-day moving average price is $4.95. PRGX Global Inc. has a 12 month low of $3.04 and a 12 month high of $5.81. The company has a market capitalization of $119.92 million, a price-to-earnings ratio of 39.57 and a beta of 0.85.
PRGX Global (NASDAQ:PRGX) last posted its quarterly earnings results on Thursday, October 27th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.07. The business 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 research analysts expect that PRGX Global Inc. will post $0.13 EPS for the current year.
A number of equities research analysts recently issued reports on PRGX shares. B. Riley reissued a “buy” rating and set a $6.00 price target on shares of PRGX Global in a research note on Thursday, October 27th. Zacks Investment Research raised PRGX Global from a “sell” rating to a “hold” rating in a research note on Wednesday, September 28th.
Several large investors have recently bought and sold shares of the stock. Jacobs Levy Equity Management Inc. raised its stake in PRGX Global by 83.1% in the first quarter. Jacobs Levy Equity Management Inc. now owns 43,258 shares of the company’s stock worth $204,000 after buying an additional 19,635 shares during the period. Emerald Acquisition Ltd. bought a new stake in PRGX Global during the second quarter worth about $558,000. GSA Capital Partners LLP bought a new stake in PRGX Global during the second quarter worth about $149,000. Boston Partners raised its stake in PRGX Global by 1.8% in the second quarter. Boston Partners now owns 192,958 shares of the company’s stock worth $1,007,000 after buying an additional 3,451 shares during the period. Finally, Nationwide Fund Advisors raised its stake in PRGX Global by 182.5% in the second quarter. Nationwide Fund Advisors now owns 137,300 shares of the company’s stock worth $717,000 after buying an additional 88,700 shares during the period. Institutional investors and hedge funds own 71.45% of the company’s stock.
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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