BlackRock Inc. Boosts Stock Position in PRGX Global Inc (NASDAQ:PRGX)
BlackRock Inc. grew its stake in shares of PRGX Global Inc (NASDAQ:PRGX) by 0.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,658,623 shares of the business services provider’s stock after acquiring an additional 5,683 shares during the period. BlackRock Inc. owned 7.04% of PRGX Global worth $11,146,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Northern Trust Corp raised its position in shares of PRGX Global by 1.3% in the second quarter. Northern Trust Corp now owns 245,693 shares of the business services provider’s stock worth $1,651,000 after buying an additional 3,138 shares in the last quarter. Teton Advisors Inc. raised its position in shares of PRGX Global by 2.5% in the second quarter. Teton Advisors Inc. now owns 164,019 shares of the business services provider’s stock worth $1,102,000 after buying an additional 4,000 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of PRGX Global by 44.4% in the second quarter. Wells Fargo & Company MN now owns 81,153 shares of the business services provider’s stock worth $545,000 after buying an additional 24,946 shares in the last quarter. Finally, Parametric Portfolio Associates LLC purchased a new stake in shares of PRGX Global in the second quarter worth $96,000. Hedge funds and other institutional investors own 73.77% of the company’s stock.
In related news, CEO Ronald E. Stewart acquired 10,000 shares of PRGX Global stock in a transaction dated Monday, August 26th. The shares were purchased at an average cost of $5.01 per share, with a total value of $50,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph E. Whitters acquired 5,000 shares of PRGX Global stock in a transaction dated Tuesday, September 10th. The shares were bought at an average cost of $5.97 per share, for a total transaction of $29,850.00. Following the completion of the purchase, the director now directly owns 130,653 shares of the company’s stock, valued at approximately $779,998.41. The disclosure for this purchase can be found here. 17.75% of the stock is owned by corporate insiders.
PRGX opened at $5.29 on Monday. The stock has a market cap of $126.30 million, a PE ratio of 37.79 and a beta of 0.61. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.69. PRGX Global Inc has a 52 week low of $4.51 and a 52 week high of $9.68. The business’s fifty day simple moving average is $5.43 and its 200 day simple moving average is $6.39.
PRGX Global (NASDAQ:PRGX) last released its earnings results on Tuesday, July 30th. The business services provider reported ($0.18) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.13). The firm had revenue of $41.97 million during the quarter, compared to the consensus estimate of $44.96 million. PRGX Global had a net margin of 0.85% and a negative return on equity of 1.86%. As a group, equities analysts anticipate that PRGX Global Inc will post -0.03 earnings per share for the current year.
About PRGX Global
PRGX Global, Inc, together with its subsidiaries, provides recovery audit services to businesses and government agencies having payment transactions and procurement environments worldwide. Its recovery audit services are based on the mining of clients' purchasing-related data for overpayments to the third-party suppliers.
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