Tower Research Capital LLC TRC lifted its holdings in shares of PRGX Global, Inc. (NASDAQ:PRGX) by 161.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,999 shares of the business services provider’s stock after acquiring an additional 11,730 shares during the period. Tower Research Capital LLC TRC owned 0.08% of PRGX Global worth $123,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. OxFORD Asset Management LLP grew its position in shares of PRGX Global by 74.7% during the second quarter. OxFORD Asset Management LLP now owns 18,858 shares of the business services provider’s stock worth $123,000 after acquiring an additional 8,063 shares during the last quarter. GSA Capital Partners LLP grew its position in PRGX Global by 3.7% in the 2nd quarter. GSA Capital Partners LLP now owns 44,014 shares of the business services provider’s stock valued at $286,000 after buying an additional 1,584 shares during the last quarter. Credit Agricole S A purchased a new position in PRGX Global in the 1st quarter valued at $296,000. Cadence Capital Management LLC grew its position in PRGX Global by 5.8% in the 2nd quarter. Cadence Capital Management LLC now owns 236,775 shares of the business services provider’s stock valued at $1,539,000 after buying an additional 12,923 shares during the last quarter. Finally, Thomson Horstmann & Bryant Inc. purchased a new position in PRGX Global in the 2nd quarter valued at $2,426,000. Institutional investors and hedge funds own 70.76% of the company’s stock.
A number of equities analysts recently weighed in on the stock. B. Riley reiterated a “buy” rating and issued a $8.00 price objective on shares of PRGX Global in a research report on Saturday, August 5th. Zacks Investment Research lowered shares of PRGX Global from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 6th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. PRGX Global currently has an average rating of “Buy” and a consensus target price of $6.67.
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PRGX Global, Inc. (PRGX) traded down 0.72% during trading on Friday, reaching $6.85. 703 shares of the company were exchanged. The stock’s market capitalization is $153.34 million. The firm’s 50 day moving average is $6.86 and its 200 day moving average is $6.48. PRGX Global, Inc. has a 52-week low of $4.25 and a 52-week high of $7.30.
PRGX Global (NASDAQ:PRGX) last issued its earnings results on Tuesday, August 1st. The business services provider reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.06. PRGX Global had a positive return on equity of 0.30% and a negative net margin of 0.55%. The firm had revenue of $38.51 million for the quarter, compared to analyst estimates of $37.06 million. Analysts expect that PRGX Global, Inc. will post $0.10 EPS for the current year.
In other PRGX Global news, Director Matthew A. Drapkin purchased 9,191 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was bought at an average price of $6.35 per share, with a total value of $58,362.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Strategic Opportunit Headlands purchased 20,000 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was acquired at an average cost of $6.13 per share, with a total value of $122,600.00. The disclosure for this purchase can be found here. Insiders acquired 95,510 shares of company stock worth $598,368 over the last ninety days. 14.96% of the stock is owned by corporate insiders.
PRGX Global Profile
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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