PRGX Global Inc (PRGX) Director Matthew A. Drapkin Acquires 3,450 Shares

PRGX Global Inc (NASDAQ:PRGX) Director Matthew A. Drapkin bought 3,450 shares of PRGX Global stock in a transaction that occurred on Monday, November 19th. The shares were bought at an average cost of $8.79 per share, with a total value of $30,325.50. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

  • On Friday, November 16th, Matthew A. Drapkin acquired 6,036 shares of PRGX Global stock. The stock was acquired at an average price of $9.02 per share, with a total value of $54,444.72.
  • On Wednesday, November 14th, Matthew A. Drapkin acquired 21,964 shares of PRGX Global stock. The stock was acquired at an average price of $8.91 per share, with a total value of $195,699.24.
  • On Friday, November 9th, Matthew A. Drapkin acquired 7,000 shares of PRGX Global stock. The stock was acquired at an average price of $9.05 per share, with a total value of $63,350.00.
  • On Tuesday, November 6th, Matthew A. Drapkin acquired 24,600 shares of PRGX Global stock. The stock was acquired at an average price of $9.17 per share, with a total value of $225,582.00.
  • On Wednesday, September 12th, Matthew A. Drapkin acquired 10,200 shares of PRGX Global stock. The stock was 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 stock was acquired at an average price of $9.27 per share, with a total value of $234,327.06.

Shares of NASDAQ:PRGX traded down $0.16 during midday trading on Friday, hitting $8.90. The stock had a trading volume of 455 shares, compared to its average volume of 53,103. The stock has a market capitalization of $213.97 million, a PE ratio of 42.00, a PEG ratio of 6.36 and a beta of 0.61. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.28. PRGX Global Inc has a fifty-two week low of $6.95 and a fifty-two week high of $10.30.

PRGX Global (NASDAQ:PRGX) last issued its earnings results on Thursday, November 1st. The business services provider reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02. The company had revenue of $43.32 million during the quarter, compared to analysts’ expectations of $44.80 million. PRGX Global had a net margin of 1.21% and a return on equity of 0.48%. On average, research analysts predict that PRGX Global Inc will post 0.09 EPS for the current fiscal year.

Several analysts have weighed in on the stock. TheStreet upgraded shares of PRGX Global from a “c+” rating to a “b” rating in a research note on Friday, November 2nd. Barrington Research reiterated a “buy” rating and issued a $13.00 price objective on shares of PRGX Global in a research note on Wednesday, September 19th. Zacks Investment Research upgraded 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. Finally, B. Riley set a $12.00 price objective on shares of PRGX Global and gave the stock a “buy” rating in a research note on Friday, November 2nd. One analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $11.67.

Large investors have recently modified their holdings of the company. Ramsey Quantitative Systems raised its position in shares of PRGX Global by 110.4% in the 3rd quarter. Ramsey Quantitative Systems now owns 16,583 shares of the business services provider’s stock valued at $144,000 after buying an additional 8,700 shares in the last quarter. Macquarie Group Ltd. grew its holdings in shares of PRGX Global by 68.0% during the 2nd quarter. Macquarie Group Ltd. now owns 15,790 shares of the business services provider’s stock valued at $153,000 after purchasing an additional 6,390 shares during the last quarter. Rhumbline Advisers bought a new stake in shares of PRGX Global during the 2nd quarter valued at approximately $165,000. JPMorgan Chase & Co. grew its holdings in shares of PRGX Global by 608.1% during the 1st quarter. JPMorgan Chase & Co. now owns 17,823 shares of the business services provider’s stock valued at $168,000 after purchasing an additional 15,306 shares during the last quarter. Finally, NJ State Employees Deferred Compensation Plan bought a new stake in shares of PRGX Global during the 2nd quarter valued at approximately $175,000. Institutional investors own 78.46% of the company’s stock.

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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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