PRGX Global Inc. (NASDAQ:PRGX) major shareholder Strategic Opportunit Headlands acquired 22,500 shares of the stock in a transaction dated Monday, October 3rd. The stock was bought at an average price of $4.70 per share, with a total value of $105,750.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
PRGX Global Inc. (NASDAQ:PRGX) traded up 1.24% during mid-day trading on Tuesday, hitting $4.89. 8,795 shares of the stock traded hands. The company has a 50-day moving average of $4.83 and a 200 day moving average of $4.91. PRGX Global Inc. has a 1-year low of $3.04 and a 1-year high of $5.81. The firm’s market capitalization is $106.75 million.
PRGX Global (NASDAQ:PRGX) last issued its quarterly earnings results on Tuesday, July 26th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates 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%. On average, equities research analysts anticipate that PRGX Global Inc. will post $0.07 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. 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 last quarter. Emerald Acquisition Ltd. acquired a new position in shares of PRGX Global during the second quarter worth approximately $558,000. Vanguard Group Inc. boosted its position in shares of PRGX Global by 8.0% in the second quarter. Vanguard Group Inc. now owns 1,211,056 shares of the company’s stock worth $6,322,000 after buying an additional 89,658 shares during the last quarter. Nationwide Fund Advisors boosted its position in shares of PRGX Global by 182.5% in the second quarter. Nationwide Fund Advisors now owns 137,300 shares of the company’s stock worth $717,000 after buying an additional 88,700 shares during the last quarter. Finally, 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 last quarter. Institutional investors and hedge funds own 70.14% of the company’s stock.
Several analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of PRGX Global from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 30th. B. Riley reiterated a “buy” rating and issued a $6.25 price objective on shares of PRGX Global in a research note on Monday, July 25th.
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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