Insider Buying: PRGX Global (PRGX) Director Purchases 28,199 Shares of Stock

PRGX Global (NASDAQ:PRGX) Director Matthew A. Drapkin acquired 28,199 shares of PRGX Global stock in a transaction that occurred on Monday, May 21st. The stock was purchased at an average cost of $9.47 per share, with a total value of $267,044.53. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Matthew A. Drapkin also recently made the following trade(s):

  • On Wednesday, May 23rd, Matthew A. Drapkin acquired 8,706 shares of PRGX Global stock. The stock was purchased at an average cost of $9.59 per share, with a total value of $83,490.54.

NASDAQ PRGX traded up $0.10 during mid-day trading on Wednesday, hitting $9.70. The stock had a trading volume of 43,000 shares, compared to its average volume of 57,921. PRGX Global has a twelve month low of $5.40 and a twelve month high of $10.30. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.75 and a current ratio of 1.75. The company has a market cap of $220.01 million, a P/E ratio of 46.19, a P/E/G ratio of 3.71 and a beta of 0.85.

PRGX Global (NASDAQ:PRGX) last issued its earnings results on Tuesday, May 1st. The business services provider reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.07. PRGX Global had a return on equity of 4.60% and a net margin of 1.64%. The business had revenue of $36.72 million during the quarter, compared to the consensus estimate of $35.00 million. sell-side analysts predict that PRGX Global will post 0.21 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the business. Thomson Horstmann & Bryant Inc. increased its stake in shares of PRGX Global by 24.2% in the 1st quarter. Thomson Horstmann & Bryant Inc. now owns 896,614 shares of the business services provider’s stock worth $8,473,000 after acquiring an additional 174,495 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of PRGX Global by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 732,777 shares of the business services provider’s stock worth $6,925,000 after acquiring an additional 12,182 shares during the last quarter. 22NW LP increased its stake in shares of PRGX Global by 45.3% in the 1st quarter. 22NW LP now owns 542,462 shares of the business services provider’s stock worth $5,126,000 after acquiring an additional 169,077 shares during the last quarter. Millennium Management LLC increased its stake in shares of PRGX Global by 256.5% in the 1st quarter. Millennium Management LLC now owns 358,118 shares of the business services provider’s stock worth $3,384,000 after acquiring an additional 257,675 shares during the last quarter. Finally, Cadence Capital Management LLC increased its stake in shares of PRGX Global by 9.2% in the 4th quarter. Cadence Capital Management LLC now owns 271,621 shares of the business services provider’s stock worth $1,929,000 after acquiring an additional 22,783 shares during the last quarter. 72.10% of the stock is owned by institutional investors and hedge funds.

Several research firms recently commented on PRGX. ValuEngine raised PRGX Global from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 2nd. Barrington Research reissued a “buy” rating on shares of PRGX Global in a research note on Friday, April 27th. Zacks Investment Research raised PRGX Global from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective for the company in a research note on Friday, May 4th. B. Riley increased their price objective on PRGX Global from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, May 2nd. Finally, TheStreet raised PRGX Global from a “c+” rating to a “b+” rating in a research note on Tuesday, March 6th. Two research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Strong Buy” and a consensus target price of $11.33.

About PRGX Global

PRGX Global, Inc, together with its subsidiaries, provides recovery audit services to businesses and government agencies having payment transactions and procurement environments. It operates through three segments: Recovery Audit Services ? Americas, Recovery Audit Services – Europe/Asia-Pacific, and Adjacent Services.

Insider Buying and Selling by Quarter for PRGX Global (NASDAQ:PRGX)

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