Emerald Acquisition Ltd. acquired a new position in PRGX Global Inc. (NASDAQ:PRGX) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 107,005 shares of the company’s stock, valued at approximately $558,000. Emerald Acquisition Ltd. owned about 0.49% of PRGX Global as of its most recent filing with the SEC.
Separately, Jacobs Levy Equity Management Inc. raised its position in PRGX Global by 83.1% in the first quarter. Jacobs Levy Equity Management Inc. now owns 43,258 shares of the company’s stock worth $204,000 after buying an additional 19,635 shares during the period. 70.14% of the stock is owned by institutional investors and hedge funds.
Shares of PRGX Global Inc. (NASDAQ:PRGX) traded up 0.79% during midday trading on Monday, hitting $5.10. The company’s stock had a trading volume of 5,884 shares. PRGX Global Inc. has a 52-week low of $3.04 and a 52-week high of $5.81. The firm’s market cap is $111.34 million. The stock’s 50 day moving average is $4.84 and its 200-day moving average is $4.92.
PRGX Global (NASDAQ:PRGX) last posted its quarterly earnings data on Tuesday, July 26th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.06 by $0.09. PRGX Global had a negative net margin of 1.85% and a positive return on equity of 5.58%. Equities analysts predict that PRGX Global Inc. will post $0.07 EPS for the current fiscal year.
A number of brokerages have weighed in on PRGX. Zacks Investment Research raised PRGX Global from a “sell” rating to a “hold” rating in a report on Wednesday, September 28th. B. Riley reaffirmed a “buy” rating and issued a $6.00 target price on shares of PRGX Global in a report on Saturday, July 30th.
In other news, major shareholder Strategic Opportunit Headlands acquired 83,460 shares of the company’s stock in a transaction that occurred on Monday, October 10th. The shares were acquired at an average price of $4.90 per share, for a total transaction of $408,954.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.90% of the stock is owned by corporate insiders.
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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