Raffles Associates LP Invests $1.97 Million in GEE Group Inc. $JOB

Raffles Associates LP bought a new position in GEE Group Inc. (NYSE:JOB) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 9,399,696 shares of the company’s stock, valued at approximately $1,974,000. GEE Group makes up about 1.6% of Raffles Associates LP’s investment portfolio, making the stock its 18th biggest position. Raffles Associates LP owned 8.56% of GEE Group at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in JOB. Cable Car Capital LP bought a new stake in shares of GEE Group during the 2nd quarter worth $1,451,000. Citadel Advisors LLC grew its holdings in shares of GEE Group by 62.7% in the 3rd quarter. Citadel Advisors LLC now owns 183,789 shares of the company’s stock worth $38,000 after acquiring an additional 70,842 shares during the last quarter. Focus Partners Wealth raised its position in shares of GEE Group by 98.5% during the third quarter. Focus Partners Wealth now owns 149,077 shares of the company’s stock worth $31,000 after purchasing an additional 73,993 shares during the period. BlackRock Inc. acquired a new stake in shares of GEE Group during the second quarter worth $53,000. Finally, NewEdge Advisors LLC purchased a new stake in shares of GEE Group during the first quarter valued at $121,000. 30.38% of the stock is owned by institutional investors and hedge funds.

GEE Group Stock Down 0.5%

NYSE:JOB opened at $0.25 on Friday. GEE Group Inc. has a 1-year low of $0.17 and a 1-year high of $0.28. The firm has a market capitalization of $27.91 million, a price-to-earnings ratio of -1.15 and a beta of 0.65. The stock has a fifty day simple moving average of $0.22 and a 200 day simple moving average of $0.23.

About GEE Group

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.