PRGX Global Inc (PRGX) Director Matthew A. Drapkin Acquires 30,925 Shares

PRGX Global Inc (NASDAQ:PRGX) Director Matthew A. Drapkin acquired 30,925 shares of the company’s stock in a transaction that occurred on Monday, August 20th. The stock was purchased at an average cost of $9.15 per share, with a total value of $282,963.75. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

  • On Thursday, August 16th, Matthew A. Drapkin acquired 7,310 shares of PRGX Global stock. The stock was purchased at an average cost of $8.95 per share, with a total value of $65,424.50.
  • On Wednesday, June 13th, Matthew A. Drapkin acquired 22,223 shares of PRGX Global stock. The stock was purchased at an average cost of $9.30 per share, with a total value of $206,673.90.
  • On Friday, May 25th, Matthew A. Drapkin acquired 12,711 shares of PRGX Global stock. The stock was purchased at an average cost of $9.59 per share, with a total value of $121,898.49.
  • On Tuesday, May 29th, Matthew A. Drapkin acquired 30,513 shares of PRGX Global stock. The stock was purchased at an average cost of $9.59 per share, with a total value of $292,619.67.
  • On Wednesday, May 23rd, Matthew A. Drapkin acquired 8,706 shares of PRGX Global stock. The stock was purchased at an average cost of $9.59 per share, with a total value of $83,490.54.

NASDAQ PRGX traded up $0.15 during trading hours on Monday, reaching $9.20. The company had a trading volume of 111,300 shares, compared to its average volume of 67,114. PRGX Global Inc has a 1-year low of $6.25 and a 1-year high of $10.30. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market capitalization of $213.99 million, a P/E ratio of 43.33, a PEG ratio of 3.55 and a beta of 0.73.

PRGX Global (NASDAQ:PRGX) last posted its earnings results on Thursday, August 9th. The business services provider reported ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.08). PRGX Global had a net margin of 0.28% and a return on equity of 0.06%. The company had revenue of $42.10 million during the quarter, compared to analyst estimates of $39.70 million. analysts anticipate that PRGX Global Inc will post 0.21 EPS for the current year.

A number of brokerages recently issued reports on PRGX. ValuEngine raised shares of PRGX Global from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 2nd. Barrington Research reissued a “buy” rating on shares of PRGX Global in a report on Friday, April 27th. B. Riley upped their target price on shares of PRGX Global from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, May 2nd. Finally, Zacks Investment Research raised shares of PRGX Global from a “hold” rating to a “strong-buy” rating and set a $11.00 target price on the stock in a research report on Friday, May 4th. One equities research analyst has rated the stock with a sell rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $11.33.

A number of hedge funds and other institutional investors have recently bought and sold shares of PRGX. Macquarie Group Ltd. lifted its position in shares of PRGX Global by 68.0% during the second quarter. Macquarie Group Ltd. now owns 15,790 shares of the business services provider’s stock worth $153,000 after purchasing an additional 6,390 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of PRGX Global by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 732,777 shares of the business services provider’s stock worth $6,925,000 after purchasing an additional 12,182 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of PRGX Global by 608.1% during the first quarter. JPMorgan Chase & Co. now owns 17,823 shares of the business services provider’s stock worth $168,000 after purchasing an additional 15,306 shares in the last quarter. Rhumbline Advisers acquired a new stake in shares of PRGX Global during the second quarter worth about $165,000. Finally, NJ State Employees Deferred Compensation Plan acquired a new stake in shares of PRGX Global during the second quarter worth about $175,000. 72.51% of the stock is currently owned by institutional investors.

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. It operates through three segments: Recovery Audit Services ? Americas, Recovery Audit Services – Europe/Asia-Pacific, and Adjacent Services.

Further Reading: Price to Earnings Ratio (PE) Basics

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

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