Granite Investment Partners LLC increased its position in shares of ShiftPixy Inc (NASDAQ:PIXY) by 275.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,340,274 shares of the company’s stock after acquiring an additional 983,488 shares during the quarter. Granite Investment Partners LLC’s holdings in ShiftPixy were worth $1,809,000 as of its most recent SEC filing.

Separately, Vanguard Group Inc grew its position in ShiftPixy by 26.0% during the 3rd quarter. Vanguard Group Inc now owns 46,515 shares of the company’s stock worth $180,000 after purchasing an additional 9,598 shares during the last quarter. Institutional investors and hedge funds own 4.44% of the company’s stock.

NASDAQ:PIXY traded down $0.02 during trading hours on Wednesday, hitting $0.37. 2,300 shares of the company were exchanged, compared to its average volume of 370,820. The company has a market cap of $15.44 million, a PE ratio of -0.67 and a beta of 1.41. ShiftPixy Inc has a 52-week low of $0.27 and a 52-week high of $5.37.

ShiftPixy (NASDAQ:PIXY) last released its earnings results on Monday, April 15th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.01. The company had revenue of $13.19 million for the quarter, compared to analysts’ expectations of $14.84 million. As a group, research analysts anticipate that ShiftPixy Inc will post -0.24 earnings per share for the current fiscal year.

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ShiftPixy Profile

ShiftPixy, Inc provides employment services for businesses; and workers in shift or other part-time/temporary positions in the United States. The company also operates as a payroll processor, human resources consultant, and administrator of workers' compensation coverages and claims. It primarily serves restaurant, hospitality, and maintenance service industries.

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