First Wilshire Securities Management Inc. lessened its stake in shares of PRGX Global Inc (NASDAQ:PRGX) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 400,317 shares of the business services provider’s stock after selling 7,525 shares during the quarter. First Wilshire Securities Management Inc. owned about 1.79% of PRGX Global worth $2,842,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Thomson Horstmann & Bryant Inc. boosted its position in shares of PRGX Global by 44.8% during the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 722,119 shares of the business services provider’s stock worth $5,127,000 after purchasing an additional 223,379 shares in the last quarter. Monashee Investment Management LLC bought a new position in shares of PRGX Global during the 4th quarter worth about $150,000. Cadence Capital Management LLC boosted its position in shares of PRGX Global by 9.2% during the 4th quarter. Cadence Capital Management LLC now owns 271,621 shares of the business services provider’s stock worth $1,929,000 after purchasing an additional 22,783 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of PRGX Global by 5.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 726,299 shares of the business services provider’s stock worth $4,721,000 after purchasing an additional 34,620 shares in the last quarter. Finally, Millennium Management LLC bought a new position in shares of PRGX Global during the 4th quarter worth about $713,000. 71.01% of the stock is currently owned by institutional investors.
Shares of NASDAQ PRGX opened at $9.70 on Friday. PRGX Global Inc has a fifty-two week low of $5.40 and a fifty-two week high of $9.90. The stock has a market capitalization of $207.22, a P/E ratio of 46.19, a price-to-earnings-growth ratio of 3.89 and a beta of 0.82. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.22.
PRGX Global (NASDAQ:PRGX) last announced its quarterly earnings results on Thursday, March 1st. The business services provider reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.05. The business had revenue of $47.07 million for the quarter, compared to analysts’ expectations of $45.31 million. PRGX Global had a net margin of 1.97% and a return on equity of 5.65%. sell-side analysts expect that PRGX Global Inc will post 0.19 earnings per share for the current year.
A number of equities analysts have recently issued reports on the stock. ValuEngine raised shares of PRGX Global from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Zacks Investment Research cut shares of PRGX Global from a “hold” rating to a “sell” rating in a research report on Thursday, February 8th. TheStreet raised shares of PRGX Global from a “c+” rating to a “b+” rating in a research report on Tuesday, March 6th. Finally, Barrington Research raised their price target on shares of PRGX Global to $11.00 and gave the company an “outperform” rating in a research report on Friday, March 2nd. Four analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus target price of $8.00.
In other PRGX Global news, SVP Victor A. Allums sold 38,698 shares of the stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $8.97, for a total value of $347,121.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 66,701 shares of company stock valued at $589,968. Company insiders own 14.96% of the company’s stock.
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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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