Insider Buying: PRGX Global, Inc. (PRGX) Director Acquires 4,000 Shares of Stock
PRGX Global, Inc. (NASDAQ:PRGX) Director Gregory J. Owens bought 4,000 shares of PRGX Global stock in a transaction on Wednesday, August 16th. The shares were purchased at an average cost of $6.03 per share, with a total value of $24,120.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Gregory J. Owens also recently made the following trade(s):
- On Monday, August 14th, Gregory J. Owens bought 1,002 shares of PRGX Global stock. The shares were purchased at an average cost of $5.95 per share, with a total value of $5,961.90.
Shares of PRGX Global, Inc. (NASDAQ PRGX) traded up 3.36% during mid-day trading on Wednesday, hitting $6.15. 32,217 shares of the stock were exchanged. PRGX Global, Inc. has a 1-year low of $4.25 and a 1-year high of $7.25. The firm’s market cap is $137.75 million. The company’s 50-day moving average is $6.24 and its 200-day moving average is $6.26.
PRGX Global (NASDAQ:PRGX) last announced its earnings results on Tuesday, August 1st. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.06. The business had revenue of $38.51 million during the quarter, compared to analysts’ expectations of $37.06 million. PRGX Global had a negative net margin of 0.55% and a positive return on equity of 0.30%. Equities research analysts anticipate that PRGX Global, Inc. will post $0.10 earnings per share for the current fiscal year.
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A number of large investors have recently modified their holdings of the company. Renaissance Technologies LLC raised its stake in shares of PRGX Global by 1.0% in the first quarter. Renaissance Technologies LLC now owns 1,667,810 shares of the business services provider’s stock worth $10,674,000 after buying an additional 17,320 shares in the last quarter. Northern Right Capital Management L.P. raised its stake in shares of PRGX Global by 13.0% in the second quarter. Northern Right Capital Management L.P. now owns 1,507,806 shares of the business services provider’s stock worth $9,801,000 after buying an additional 173,222 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of PRGX Global by 1.2% in the first quarter. Vanguard Group Inc. now owns 1,183,504 shares of the business services provider’s stock worth $7,574,000 after buying an additional 13,531 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of PRGX Global by 5.0% in the second quarter. Dimensional Fund Advisors LP now owns 726,299 shares of the business services provider’s stock worth $4,721,000 after buying an additional 34,620 shares in the last quarter. Finally, Cannell Capital LLC raised its stake in shares of PRGX Global by 14.3% in the first quarter. Cannell Capital LLC now owns 652,043 shares of the business services provider’s stock worth $4,173,000 after buying an additional 81,587 shares in the last quarter. 70.92% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have issued reports on PRGX shares. B. Riley reissued a “buy” rating and set a $8.00 target price on shares of PRGX Global in a research note on Saturday, April 29th. Zacks Investment Research raised shares of PRGX Global from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Finally, ValuEngine raised shares of PRGX Global from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $6.31.
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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