Insider Buying: PRGX Global Inc (PRGX) Director Acquires 25,000 Shares of Stock

PRGX Global Inc (NASDAQ:PRGX) Director Matthew A. Drapkin acquired 25,000 shares of PRGX Global stock in a transaction that occurred on Friday, March 15th. The shares were purchased at an average price of $8.42 per share, with a total value of $210,500.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

  • On Wednesday, March 13th, Matthew A. Drapkin acquired 21,300 shares of PRGX Global stock. The shares were purchased at an average price of $8.44 per share, with a total value of $179,772.00.

NASDAQ:PRGX opened at $8.23 on Friday. The company has a market cap of $194.37 million, a price-to-earnings ratio of 58.79, a P/E/G ratio of 2.05 and a beta of 0.53. PRGX Global Inc has a twelve month low of $7.57 and a twelve month high of $10.30. 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 (NASDAQ:PRGX) last released its earnings results on Thursday, March 7th. The business services provider reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.02. The company had revenue of $49.63 million for the quarter, compared to the consensus estimate of $52.44 million. PRGX Global had a net margin of 2.67% and a return on equity of 3.43%. On average, equities research analysts expect that PRGX Global Inc will post 0.28 earnings per share for the current year.

Several analysts have weighed in on PRGX shares. Barrington Research reissued an “outperform” rating on shares of PRGX Global in a research report on Tuesday, March 5th. Zacks Investment Research downgraded shares of PRGX Global from a “buy” rating to a “hold” rating in a research report on Saturday, March 9th. ValuEngine downgraded shares of PRGX Global from a “buy” rating to a “hold” rating in a research report on Monday, March 11th. Finally, B. Riley set a $12.00 target price on shares of PRGX Global and gave the stock a “buy” rating in a research report on Friday, March 8th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $12.00.

Large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its position in PRGX Global by 20.2% during the 4th 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 last quarter. Rhumbline Advisers boosted its holdings in shares of PRGX Global by 53.3% in the 4th quarter. Rhumbline Advisers now owns 26,633 shares of the business services provider’s stock valued at $252,000 after acquiring an additional 9,262 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of PRGX Global by 89.2% in the 3rd quarter. Wells Fargo & Company MN now owns 43,663 shares of the business services provider’s stock valued at $380,000 after acquiring an additional 20,582 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of PRGX Global by 14.5% in the 4th quarter. Bank of New York Mellon Corp now owns 76,465 shares of the business services provider’s stock valued at $725,000 after acquiring an additional 9,704 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of PRGX Global by 495.5% in the 2nd quarter. Northern Trust Corp now owns 230,457 shares of the business services provider’s stock valued at $2,236,000 after acquiring an additional 191,758 shares during the last quarter. 76.69% of the stock is currently owned by institutional investors.

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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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Insider Buying and Selling by Quarter for PRGX Global (NASDAQ:PRGX)

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