PRGX Global Inc (PRGX) Director Acquires $87,346.00 in Stock
PRGX Global Inc (NASDAQ:PRGX) Director Matthew A. Drapkin acquired 11,900 shares of the firm’s stock in a transaction on Tuesday, December 12th. The stock was purchased at an average cost of $7.34 per share, with a total value of $87,346.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Matthew A. Drapkin also recently made the following trade(s):
- On Friday, November 10th, Matthew A. Drapkin purchased 25,042 shares of PRGX Global stock. The shares were bought at an average cost of $7.19 per share, for a total transaction of $180,051.98.
Shares of PRGX Global Inc (PRGX) traded up $0.10 during trading hours on Thursday, reaching $7.50. 118,000 shares of the company were exchanged, compared to its average volume of 27,559. PRGX Global Inc has a 1 year low of $5.10 and a 1 year high of $7.90. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.25.
Several research firms recently weighed in on PRGX. B. Riley set a $8.00 price objective on shares of PRGX Global and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Zacks Investment Research upgraded shares of PRGX Global from a “hold” rating to a “buy” rating and set a $8.25 price target on the stock in a research note on Wednesday, October 25th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $7.00.
A number of hedge funds have recently added to or reduced their stakes in the business. Northern Right Capital Management L.P. raised its holdings in shares of PRGX Global by 13.0% during the 2nd quarter. Northern Right Capital Management L.P. now owns 1,507,806 shares of the business services provider’s stock valued at $9,801,000 after purchasing an additional 173,222 shares in the last quarter. Thomson Horstmann & Bryant Inc. raised its holdings in shares of PRGX Global by 33.6% during the 3rd quarter. Thomson Horstmann & Bryant Inc. now owns 498,740 shares of the business services provider’s stock valued at $3,491,000 after purchasing an additional 125,398 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of PRGX Global by 5.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 726,299 shares of the business services provider’s stock valued at $4,721,000 after purchasing an additional 34,620 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of PRGX Global by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 1,183,504 shares of the business services provider’s stock valued at $7,574,000 after purchasing an additional 13,531 shares in the last quarter. Finally, Cadence Capital Management LLC raised its holdings in shares of PRGX Global by 5.8% during 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 purchasing an additional 12,923 shares in the last quarter. Institutional investors own 70.09% of the company’s stock.
WARNING: This piece was originally reported by Watch List News and is owned by of Watch List News. If you are reading this piece on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The correct version of this piece can be viewed at https://www.watchlistnews.com/prgx-global-inc-prgx-director-acquires-87346-00-in-stock/1763673.html.
PRGX Global Company 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.
Receive News & Ratings for PRGX Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PRGX Global and related companies with MarketBeat.com's FREE daily email newsletter.