Star Equity (NASDAQ:STRR) CEO Jeffrey Eberwein Buys 11,201 Shares

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein bought 11,201 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were bought at an average price of $11.81 per share, with a total value of $132,283.81. Following the completion of the transaction, the chief executive officer owned 1,075,981 shares of the company’s stock, valued at $12,707,335.61. The trade was a 1.05% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Star Equity Trading Up 0.7%

Shares of Star Equity stock opened at $11.70 on Tuesday. Star Equity Holdings, Inc. has a 1 year low of $8.26 and a 1 year high of $11.99. The firm has a market cap of $43.29 million, a PE ratio of -4.45 and a beta of 0.49. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.09 and a quick ratio of 1.84. The company has a 50 day simple moving average of $10.00 and a two-hundred day simple moving average of $10.22.

Star Equity (NASDAQ:STRR) last announced its earnings results on Monday, May 11th. The company reported ($0.99) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($1.04). The company had revenue of $50.06 million for the quarter, compared to the consensus estimate of $52.57 million. Star Equity had a negative net margin of 4.18% and a negative return on equity of 4.04%. Analysts expect that Star Equity Holdings, Inc. will post -0.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Heartland Advisors Inc. purchased a new position in shares of Star Equity in the fourth quarter worth $140,000. DRW Securities LLC purchased a new position in shares of Star Equity in the fourth quarter worth $268,000. Bridgeway Capital Management LLC purchased a new position in shares of Star Equity in the fourth quarter worth $276,000. RBF Capital LLC purchased a new position in shares of Star Equity in the fourth quarter worth $316,000. Finally, Geode Capital Management LLC purchased a new position in shares of Star Equity in the fourth quarter worth $352,000. 3.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on STRR. Litchfield Hills Research boosted their price objective on shares of Star Equity from $21.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, March 23rd. Zacks Research lowered shares of Star Equity from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 20th. Weiss Ratings lowered shares of Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 20th. Finally, Noble Financial upgraded shares of Star Equity to a “strong-buy” rating in a report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $28.00.

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.