Star Equity (NASDAQ:STRR) CEO Sells $76,833.90 in Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein sold 7,722 shares of the firm’s stock in a transaction on Monday, March 30th. The stock was sold at an average price of $9.95, for a total transaction of $76,833.90. Following the completion of the sale, the chief executive officer owned 764,217 shares of the company’s stock, valued at $7,603,959.15. This trade represents a 1.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Star Equity Stock Performance

NASDAQ:STRR traded up $0.31 during mid-day trading on Thursday, reaching $9.71. The stock had a trading volume of 1,433 shares, compared to its average volume of 9,028. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.86 and a current ratio of 2.10. The business has a 50 day simple moving average of $9.99 and a 200 day simple moving average of $10.51. The firm has a market capitalization of $36.01 million, a price-to-earnings ratio of -4.73 and a beta of 0.53. Star Equity Holdings, Inc. has a twelve month low of $8.26 and a twelve month high of $11.99.

Star Equity (NASDAQ:STRR) last posted its quarterly earnings results on Tuesday, March 17th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.23). Star Equity had a negative net margin of 3.44% and a negative return on equity of 1.17%. The business had revenue of $56.79 million during the quarter, compared to analysts’ expectations of $59.08 million. On average, analysts expect that Star Equity Holdings, Inc. will post -1.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Star Equity

Hedge funds and other institutional investors have recently modified their holdings of the stock. Heartland Advisors Inc. acquired a new stake in shares of Star Equity in the 4th quarter valued at about $140,000. DRW Securities LLC acquired a new stake in Star Equity during the fourth quarter valued at approximately $268,000. Bridgeway Capital Management LLC bought a new position in Star Equity during the 4th quarter worth approximately $276,000. RBF Capital LLC bought a new position in Star Equity during the 4th quarter worth approximately $316,000. Finally, Geode Capital Management LLC acquired a new position in shares of Star Equity in the 4th quarter worth approximately $352,000. Institutional investors own 3.84% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on STRR. Noble Financial upgraded shares of Star Equity to a “strong-buy” rating in a research report on Wednesday, March 4th. Litchfield Hills Research raised their target price on shares of Star Equity from $21.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, March 23rd. Zacks Research raised Star Equity from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Star Equity in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $16.50.

Star Equity Company Profile

Hudson Global, Inc is a publicly traded talent acquisition and recruitment firm that provides a range of staffing and workforce solutions to organizations around the world. Operating primarily through two service lines—recruitment process outsourcing (RPO) and retained executive search—the company connects employers with qualified professionals across a variety of disciplines, including finance, accounting, technology, human resources and legal. Its flexible engagement models encompass project-based sourcing, volume hiring and high-level leadership searches, enabling clients to tailor recruitment strategies to their specific business objectives.

With a global footprint spanning North America, Europe, Asia-Pacific and Latin America, Hudson Global supports multinational corporations as well as regional and niche market clients.