Insider Buying: PRGX Global Inc. (PRGX) Major Shareholder Purchases 83,460 Shares of Stock
PRGX Global Inc. (NASDAQ:PRGX) major shareholder Strategic Opportunit Headlands bought 83,460 shares of the company’s stock in a transaction dated Monday, October 10th. The stock was acquired at an average price of $4.90 per share, for a total transaction of $408,954.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions 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 acquired at an average price of $4.70 per share, for a total transaction of $105,750.00.
PRGX Global Inc. (NASDAQ:PRGX) traded up 1.43% during trading on Tuesday, reaching $4.98. The company had a trading volume of 9,667 shares. PRGX Global Inc. has a 52-week low of $3.04 and a 52-week high of $5.81. The company’s market capitalization is $108.72 million. The company has a 50 day moving average price of $4.83 and a 200 day moving average price of $4.91.
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PRGX Global (NASDAQ:PRGX) last issued its earnings results on Tuesday, July 26th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.09. PRGX Global had a positive return on equity of 5.58% and a negative net margin of 1.85%. On average, equities analysts forecast that PRGX Global Inc. will post $0.07 EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of PRGX. Royal Bank of Canada bought a new position in shares of PRGX Global during the second quarter worth about $201,000. HCSF Management LLC boosted its position in shares of 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 during the period. Eagle Global Advisors LLC boosted its position in shares of 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 during the period. Cannell Capital LLC bought a new position in shares of PRGX Global during the second quarter worth about $124,000. Finally, Algert Global LLC bought a new position in shares of PRGX Global during the second quarter worth about $125,000. Hedge funds and other institutional investors own 70.14% of the company’s stock.
A number of equities analysts recently commented on PRGX shares. Zacks Investment Research downgraded PRGX Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 30th. B. Riley restated a “buy” rating and issued a $6.25 price objective on shares of PRGX Global in a report on Monday, July 25th.
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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