Flinton Capital Management LLC Buys 986 Shares of On Assignment, Inc. (ASGN)
Flinton Capital Management LLC grew its stake in On Assignment, Inc. (NYSE:ASGN) by 17.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,528 shares of the business services provider’s stock after buying an additional 986 shares during the quarter. Flinton Capital Management LLC’s holdings in On Assignment were worth $420,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Elkfork Partners LLC purchased a new position in shares of On Assignment in the 4th quarter valued at about $346,000. Paloma Partners Management Co purchased a new stake in On Assignment during the fourth quarter worth approximately $515,000. Raymond James & Associates purchased a new stake in On Assignment during the fourth quarter worth approximately $301,000. Teachers Retirement System of The State of Kentucky lifted its stake in On Assignment by 2.7% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 52,143 shares of the business services provider’s stock worth $3,351,000 after purchasing an additional 1,364 shares during the last quarter. Finally, Stone Ridge Asset Management LLC purchased a new stake in On Assignment during the fourth quarter worth approximately $1,098,000. Institutional investors and hedge funds own 93.95% of the company’s stock.
Shares of On Assignment stock opened at $85.53 on Thursday. The company has a quick ratio of 3.00, a current ratio of 3.00 and a debt-to-equity ratio of 0.58. On Assignment, Inc. has a 52 week low of $44.66 and a 52 week high of $86.13. The firm has a market capitalization of $4,398.95, a P/E ratio of 28.70, a price-to-earnings-growth ratio of 2.24 and a beta of 2.03.
In other On Assignment news, Director Marty R. Kittrell sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $76.24, for a total value of $152,480.00. Following the completion of the sale, the director now owns 4,946 shares in the company, valued at $377,083.04. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Randolph C. Blazer sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $78.73, for a total value of $787,300.00. Following the completion of the sale, the insider now owns 55,837 shares of the company’s stock, valued at approximately $4,396,047.01. The disclosure for this sale can be found here. In the last quarter, insiders sold 121,265 shares of company stock valued at $9,440,062. 5.40% of the stock is owned by company insiders.
Several equities research analysts recently weighed in on the company. Wells Fargo boosted their target price on On Assignment from $75.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. ValuEngine upgraded On Assignment from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. William Blair restated an “outperform” rating on shares of On Assignment in a research note on Thursday, February 15th. Deutsche Bank boosted their target price on On Assignment from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Finally, BMO Capital Markets boosted their target price on On Assignment from $73.00 to $82.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. On Assignment currently has a consensus rating of “Buy” and a consensus price target of $76.43.
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On Assignment Company Profile
On Assignment, Inc is a global provider of in-demand, skilled professionals in the technology, life sciences and creative sectors. The Company matches resumes with job descriptions to match people they know into positions they understand for temporary, contract-to-hire, and direct hire assignments. It operates through two segments.
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