9,399,696 Shares in GEE Group Inc. $JOB Purchased by Raffles Associates LP

Raffles Associates LP bought a new stake in shares of GEE Group Inc. (NYSE:JOB) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 9,399,696 shares of the company’s stock, valued at approximately $1,974,000. GEE Group makes up about 1.8% of Raffles Associates LP’s portfolio, making the stock its 16th biggest position. Raffles Associates LP owned approximately 8.56% of GEE Group as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Focus Partners Wealth raised its stake in GEE Group by 98.5% in the 3rd quarter. Focus Partners Wealth now owns 149,077 shares of the company’s stock valued at $31,000 after purchasing an additional 73,993 shares during the last quarter. Citadel Advisors LLC lifted its position in GEE Group by 62.7% during the third quarter. Citadel Advisors LLC now owns 183,789 shares of the company’s stock worth $38,000 after buying an additional 70,842 shares during the period. BlackRock Inc. acquired a new stake in GEE Group in the 2nd quarter worth about $53,000. NewEdge Advisors LLC purchased a new stake in GEE Group in the 1st quarter valued at about $121,000. Finally, Arete Wealth Advisors LLC purchased a new position in shares of GEE Group during the 1st quarter worth about $208,000. Hedge funds and other institutional investors own 30.38% of the company’s stock.

GEE Group Stock Performance

GEE Group stock opened at $0.26 on Wednesday. GEE Group Inc. has a 1 year low of $0.17 and a 1 year high of $0.28. The firm has a 50 day moving average price of $0.22 and a 200 day moving average price of $0.23. The company has a market cap of $28.11 million, a price-to-earnings ratio of -1.16 and a beta of 0.65.

GEE Group Company Profile

GEE Group Inc (NYSE: JOB) is a workforce management firm that provides staffing, consulting and managed services across a range of industries. The company places professionals on a temporary, contract-to-hire and direct-hire basis, serving sectors such as industrial and manufacturing, logistics and transportation, energy and utilities, government, and professional services. GEE Group’s staffing capabilities extend from entry-level positions to specialized technical and engineering roles.

In addition to traditional staffing solutions, GEE Group offers managed workforce programs designed to streamline talent acquisition and workforce administration for large-scale projects.