PRGX Global Inc. (NASDAQ:PRGX) major shareholder Strategic Opportunit Headlands purchased 22,500 shares of the firm’s stock in a transaction on Monday, October 3rd. The stock was bought at an average cost of $4.70 per share, with a total value of $105,750.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of PRGX Global Inc. (NASDAQ:PRGX) opened at 4.89 on Wednesday. PRGX Global Inc. has a 12 month low of $3.04 and a 12 month high of $5.81. The firm’s 50 day moving average is $4.83 and its 200-day moving average is $4.91. The firm’s market capitalization is $106.75 million.
PRGX Global (NASDAQ:PRGX) last issued its quarterly earnings data on Tuesday, July 26th. The company reported ($0.03) EPS for the quarter, missing the Zacks’ 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%. On average, analysts expect that PRGX Global Inc. will post $0.07 EPS for the current fiscal year.
PRGX has been the topic of a number of research reports. 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.
A number of large investors have recently modified their holdings of the stock. HCSF Management LLC boosted its stake 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 stake in shares of PRGX Global during the second quarter worth approximately $558,000. Vanguard Group Inc. boosted its stake 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 stake 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 stake 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. 70.14% of the stock is currently owned by hedge funds and other institutional investors.
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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