PRGX Global, Inc. (PRGX) Shares Sold by Vanguard Group Inc.
Vanguard Group Inc. decreased its position in shares of PRGX Global, Inc. (NASDAQ:PRGX) by 2.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,153,845 shares of the business services provider’s stock after selling 29,659 shares during the period. Vanguard Group Inc. owned 5.15% of PRGX Global worth $7,500,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in PRGX. Dimensional Fund Advisors LP increased its holdings in shares of PRGX Global by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 691,679 shares of the business services provider’s stock worth $4,427,000 after purchasing an additional 3,993 shares during the period. Cadence Capital Management LLC increased 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 worth $1,539,000 after purchasing an additional 12,923 shares during the period. Finally, GSA Capital Partners LLP increased its holdings in shares of PRGX Global by 3.7% during the 2nd quarter. GSA Capital Partners LLP now owns 44,014 shares of the business services provider’s stock worth $286,000 after purchasing an additional 1,584 shares during the period. 70.73% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently issued reports on PRGX shares. Zacks Investment Research upgraded shares of PRGX Global from a “hold” rating to a “buy” rating and set a $7.50 price objective on the stock in a report on Wednesday, October 18th. B. Riley set a $8.00 price objective on shares of PRGX Global and gave the stock a “buy” rating in a report on Tuesday, October 31st. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $7.00.
In other PRGX Global news, Director Matthew A. Drapkin bought 25,042 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were acquired at an average price of $7.19 per share, with a total value of $180,051.98. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Tushar K. Sachdev sold 10,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $7.01, for a total transaction of $70,100.00. The disclosure for this sale can be found here. Insiders own 14.96% of the company’s stock.
PRGX Global, Inc. (NASDAQ:PRGX) opened at $7.35 on Monday. PRGX Global, Inc. has a twelve month low of $5.10 and a twelve month high of $7.75. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.25.
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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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