Matthew A. Drapkin Buys 24,600 Shares of PRGX Global Inc (PRGX) Stock

PRGX Global Inc (NASDAQ:PRGX) Director Matthew A. Drapkin acquired 24,600 shares of PRGX Global stock in a transaction dated Tuesday, November 6th. The shares were acquired at an average price of $9.17 per share, with a total value of $225,582.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

  • On Wednesday, September 12th, Matthew A. Drapkin acquired 10,200 shares of PRGX Global stock. The shares were acquired at an average price of $9.48 per share, with a total value of $96,696.00.
  • On Thursday, September 6th, Matthew A. Drapkin acquired 25,278 shares of PRGX Global stock. The shares were acquired at an average price of $9.27 per share, with a total value of $234,327.06.
  • On Thursday, August 16th, Matthew A. Drapkin acquired 7,310 shares of PRGX Global stock. The shares were acquired at an average price of $8.95 per share, with a total value of $65,424.50.
  • On Monday, August 20th, Matthew A. Drapkin acquired 30,925 shares of PRGX Global stock. The shares were acquired at an average price of $9.15 per share, with a total value of $282,963.75.

PRGX stock opened at $9.28 on Friday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.30. PRGX Global Inc has a one year low of $6.95 and a one year high of $10.30. The stock has a market cap of $216.11 million, a price-to-earnings ratio of 44.19, a PEG ratio of 6.45 and a beta of 0.61.

PRGX Global (NASDAQ:PRGX) last posted its quarterly earnings data on Thursday, November 1st. The business services provider reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. PRGX Global had a net margin of 1.21% and a return on equity of 0.49%. The company had revenue of $43.32 million during the quarter, compared to analyst estimates of $44.80 million. Sell-side analysts predict that PRGX Global Inc will post 0.09 EPS for the current year.

A number of hedge funds have recently bought and sold shares of PRGX. BlackRock Inc. lifted its stake in PRGX Global by 122.5% during the second quarter. BlackRock Inc. now owns 1,686,979 shares of the business services provider’s stock valued at $16,365,000 after buying an additional 928,628 shares in the last quarter. Millennium Management LLC lifted its stake in PRGX Global by 256.5% during the first quarter. Millennium Management LLC now owns 358,118 shares of the business services provider’s stock valued at $3,384,000 after buying an additional 257,675 shares in the last quarter. Northern Trust Corp lifted its stake in PRGX Global by 495.5% during the second quarter. Northern Trust Corp now owns 230,457 shares of the business services provider’s stock valued at $2,236,000 after buying an additional 191,758 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in PRGX Global during the third quarter valued at about $1,095,000. Finally, ClariVest Asset Management LLC lifted its stake in PRGX Global by 357.3% during the second quarter. ClariVest Asset Management LLC now owns 147,353 shares of the business services provider’s stock valued at $1,429,000 after buying an additional 115,131 shares in the last quarter. 80.08% of the stock is owned by institutional investors.

PRGX has been the subject of several research reports. TheStreet upgraded shares of PRGX Global from a “c+” rating to a “b” rating in a research report on Friday, November 2nd. B. Riley set a $12.00 price objective on shares of PRGX Global and gave the company a “buy” rating in a research report on Friday, November 2nd. Barrington Research restated a “buy” rating and set a $13.00 price objective on shares of PRGX Global in a research report on Wednesday, September 19th. Finally, Zacks Investment Research raised shares of PRGX Global from a “strong sell” rating to a “hold” rating and set a $10.00 price objective for the company in a research note on Saturday, November 3rd. One research analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $11.67.

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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.

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