PRGX Global Inc (PRGX) Director Matthew A. Drapkin Acquires 25,278 Shares of Stock

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PRGX Global Inc (NASDAQ:PRGX) Director Matthew A. Drapkin bought 25,278 shares of the stock in a transaction on Thursday, September 6th. The shares were acquired at an average cost of $9.27 per share, for a total transaction of $234,327.06. The transaction was disclosed in a legal 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 bought 7,310 shares of PRGX Global stock. The shares were acquired at an average cost of $8.95 per share, for a total transaction of $65,424.50.
  • On Monday, August 20th, Matthew A. Drapkin bought 30,925 shares of PRGX Global stock. The shares were acquired at an average cost of $9.15 per share, for a total transaction of $282,963.75.
  • On Wednesday, June 13th, Matthew A. Drapkin bought 22,223 shares of PRGX Global stock. The shares were acquired at an average cost of $9.30 per share, for a total transaction of $206,673.90.

Shares of PRGX Global stock traded up $0.35 during trading on Friday, hitting $9.85. The stock had a trading volume of 1,309 shares, compared to its average volume of 50,614. The stock has a market cap of $218.70 million, a P/E ratio of 47.14, a PEG ratio of 18.60 and a beta of 0.74. PRGX Global Inc has a 12 month low of $6.55 and a 12 month high of $10.30. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.57 and a current ratio of 1.57.

PRGX Global (NASDAQ:PRGX) last released its quarterly earnings results on Thursday, August 9th. The business services provider reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.08). The firm had revenue of $42.10 million during the quarter, compared to the consensus estimate of $39.70 million. PRGX Global had a return on equity of 0.06% and a net margin of 0.28%. sell-side analysts predict that PRGX Global Inc will post 0.04 earnings per share for the current year.

PRGX has been the topic of a number of analyst reports. ValuEngine cut shares of PRGX Global from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 21st. TheStreet cut shares of PRGX Global from a “b” rating to a “c+” rating in a report on Friday, August 31st. Finally, Zacks Investment Research cut shares of PRGX Global from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 15th. One investment analyst has rated the stock with a sell rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $11.33.

Several institutional investors have recently added to or reduced their stakes in PRGX. Millennium Management LLC bought a new position in shares of PRGX Global in the fourth quarter worth $713,000. ClariVest Asset Management LLC increased its holdings in shares of PRGX Global by 138.9% in the first quarter. ClariVest Asset Management LLC now owns 32,222 shares of the business services provider’s stock worth $304,000 after purchasing an additional 18,737 shares during the period. Thomson Horstmann & Bryant Inc. increased its holdings in shares of PRGX Global by 24.2% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 896,614 shares of the business services provider’s stock worth $8,473,000 after purchasing an additional 174,495 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of PRGX Global by 608.1% in 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 during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of PRGX Global by 1.7% in 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 during the period. 79.51% of the stock is currently owned by hedge funds and other 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.

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