PRGX Global Inc (NASDAQ:PRGX) Director Buys $33,750.00 in Stock

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PRGX Global Inc (NASDAQ:PRGX) Director Kevin Costello purchased 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The stock was bought at an average cost of $6.75 per share, with a total value of $33,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

PRGX stock traded down $0.39 during trading on Friday, reaching $6.69. The company had a trading volume of 19,925 shares, compared to its average volume of 37,884. PRGX Global Inc has a 52 week low of $6.03 and a 52 week high of $10.02. The company has a market cap of $157.69 million, a P/E ratio of 47.79, a PEG ratio of 2.14 and a beta of 0.67. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.94 and a quick ratio of 1.94.

PRGX Global (NASDAQ:PRGX) last released its quarterly earnings results on Tuesday, April 30th. The business services provider reported ($0.19) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.08). PRGX Global had a return on equity of 0.23% and a net margin of 1.64%. The company had revenue of $38.80 million during the quarter, compared to the consensus estimate of $38.86 million. On average, equities research analysts expect that PRGX Global Inc will post 0.21 earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on the stock. ValuEngine downgraded shares of PRGX Global from a “buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Zacks Investment Research downgraded shares of PRGX Global from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 9th. Barrington Research reissued a “buy” rating and issued a $13.00 price target on shares of PRGX Global in a research note on Monday, April 29th. TheStreet downgraded shares of PRGX Global from a “b” rating to a “c” rating in a research note on Wednesday, May 1st. Finally, B. Riley set a $12.00 price target on shares of PRGX Global and gave the stock a “buy” rating in a research note on Friday, March 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $12.00.

A number of hedge funds have recently added to or reduced their stakes in PRGX. Wedge Capital Management L L P NC grew its holdings in PRGX Global by 18.3% in the first quarter. Wedge Capital Management L L P NC now owns 102,722 shares of the business services provider’s stock worth $814,000 after purchasing an additional 15,885 shares during the period. Vanguard Group Inc. grew its holdings in PRGX Global by 3.9% in the third quarter. Vanguard Group Inc. now owns 1,140,649 shares of the business services provider’s stock worth $9,923,000 after purchasing an additional 42,627 shares during the period. BlackRock Inc. grew its holdings in PRGX Global by 0.8% in the fourth quarter. BlackRock Inc. now owns 1,694,213 shares of the business services provider’s stock worth $16,043,000 after purchasing an additional 13,111 shares during the period. Bank of America Corp DE grew its holdings in PRGX Global by 20.2% in the fourth quarter. Bank of America Corp DE now owns 24,312 shares of the business services provider’s stock worth $230,000 after purchasing an additional 4,078 shares during the period. Finally, Thomson Horstmann & Bryant Inc. grew its holdings in PRGX Global by 10.6% in the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 1,091,799 shares of the business services provider’s stock worth $10,339,000 after purchasing an additional 104,402 shares during the period. 75.37% of the stock is owned by institutional investors.

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PRGX Global Company Profile

PRGX Global, Inc, together with its subsidiaries, provides recovery audit services to businesses and government agencies having payment transactions and procurement environments worldwide. Its recovery audit services are based on the mining of clients' purchasing-related data for overpayments to the third-party suppliers.

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