Matthew A. Drapkin Purchases 21,300 Shares of PRGX Global Inc (PRGX) Stock

PRGX Global Inc (NASDAQ:PRGX) Director Matthew A. Drapkin bought 21,300 shares of PRGX Global stock in a transaction dated Wednesday, March 13th. The stock was acquired at an average price of $8.44 per share, with a total value of $179,772.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

  • On Friday, March 15th, Matthew A. Drapkin bought 25,000 shares of PRGX Global stock. The stock was acquired at an average price of $8.42 per share, with a total value of $210,500.00.

Shares of NASDAQ:PRGX traded up $0.08 during midday trading on Friday, hitting $8.35. 1,183 shares of the stock were exchanged, compared to its average volume of 39,833. 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 52-week low of $7.57 and a 52-week high of $10.30. The firm has a market cap of $199.80 million, a price-to-earnings ratio of 59.64, a P/E/G ratio of 2.05 and a beta of 0.53.

PRGX Global (NASDAQ:PRGX) last announced its quarterly earnings data on Thursday, March 7th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.02. PRGX Global had a return on equity of 3.43% and a net margin of 2.67%. The business had revenue of $49.63 million during the quarter, compared to analyst estimates of $52.44 million. On average, sell-side analysts forecast that PRGX Global Inc will post 0.28 EPS for the current year.

Several large investors have recently made changes to their positions in the stock. Bank of America Corp DE raised its holdings in shares of PRGX Global by 20.2% during the fourth quarter. Bank of America Corp DE now owns 24,312 shares of the business services provider’s stock worth $230,000 after acquiring an additional 4,078 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of PRGX Global by 53.3% during the fourth quarter. Rhumbline Advisers now owns 26,633 shares of the business services provider’s stock worth $252,000 after acquiring an additional 9,262 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of PRGX Global by 14.5% during the fourth quarter. Bank of New York Mellon Corp now owns 76,465 shares of the business services provider’s stock worth $725,000 after acquiring an additional 9,704 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of PRGX Global by 5.2% during the fourth quarter. Geode Capital Management LLC now owns 240,963 shares of the business services provider’s stock worth $2,281,000 after acquiring an additional 11,833 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in shares of PRGX Global by 0.8% during the fourth quarter. BlackRock Inc. now owns 1,694,213 shares of the business services provider’s stock worth $16,043,000 after acquiring an additional 13,111 shares in the last quarter. Institutional investors and hedge funds own 76.69% of the company’s stock.

A number of analysts have recently issued reports on PRGX shares. B. Riley set a $12.00 target price on PRGX Global and gave the company a “buy” rating in a report on Friday, March 8th. ValuEngine lowered PRGX Global from a “buy” rating to a “hold” rating in a report on Monday. Zacks Investment Research upgraded PRGX Global from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Wednesday, January 2nd. Finally, Barrington Research reiterated an “outperform” rating on shares of PRGX Global in a report on Tuesday, March 5th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. PRGX Global has a consensus rating of “Buy” and an average target price of $12.00.

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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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