Thomson Horstmann & Bryant Inc. Has $5.13 Million Position in PRGX Global Inc (PRGX)

Thomson Horstmann & Bryant Inc. raised its stake in PRGX Global Inc (NASDAQ:PRGX) by 44.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 722,119 shares of the business services provider’s stock after acquiring an additional 223,379 shares during the quarter. Thomson Horstmann & Bryant Inc. owned about 3.22% of PRGX Global worth $5,127,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Cadence Capital Management LLC increased its stake in PRGX Global by 5.1% in the third quarter. Cadence Capital Management LLC now owns 248,838 shares of the business services provider’s stock valued at $1,742,000 after acquiring an additional 12,063 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in PRGX Global by 161.4% in the second quarter. Tower Research Capital LLC TRC now owns 18,999 shares of the business services provider’s stock valued at $123,000 after buying an additional 11,730 shares in the last quarter. Northern Right Capital Management L.P. lifted its holdings in shares of PRGX Global by 13.0% during the second quarter. Northern Right Capital Management L.P. now owns 1,507,806 shares of the business services provider’s stock worth $9,801,000 after purchasing an additional 173,222 shares during the period. OxFORD Asset Management LLP lifted its holdings in PRGX Global by 74.7% in the second quarter. OxFORD Asset Management LLP now owns 18,858 shares of the business services provider’s stock valued at $123,000 after buying an additional 8,063 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in PRGX Global by 5.0% in the second quarter. Dimensional Fund Advisors LP now owns 726,299 shares of the business services provider’s stock valued at $4,721,000 after buying an additional 34,620 shares during the period. 70.09% of the stock is currently owned by hedge funds and other institutional investors.

Shares of PRGX Global Inc (PRGX) opened at $7.80 on Thursday. PRGX Global Inc has a 52-week low of $5.35 and a 52-week high of $8.00. The company has a market cap of $172.44, a PE ratio of -70.91 and a beta of 1.08. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.25.

PRGX Global (NASDAQ:PRGX) last released its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). PRGX Global had a negative return on equity of 1.75% and a negative net margin of 1.53%. research analysts anticipate that PRGX Global Inc will post 0.06 EPS for the current year.

PRGX has been the subject of several research analyst reports. Zacks Investment Research raised shares of PRGX Global from a “hold” rating to a “buy” rating and set a $8.25 price target for the company in a research note on Wednesday, October 25th. B. Riley set a $8.00 price target on shares of PRGX Global and gave the company a “buy” rating in a research note on Tuesday, October 31st. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $7.00.

In related news, SVP Tushar K. Sachdev sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $7.01, for a total transaction of $70,100.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Matthew A. Drapkin purchased 11,900 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The shares were acquired at an average price of $7.34 per share, for a total transaction of $87,346.00. Following the completion of the purchase, the director now directly owns 133,153 shares in the company, valued at approximately $977,343.02. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 71,942 shares of company stock worth $522,898. Corporate insiders own 14.96% of the company’s stock.

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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.

Institutional Ownership by Quarter for PRGX Global (NASDAQ:PRGX)

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