Jeffrey Eberwein Acquires 1,430 Shares of Star Equity (NASDAQ:STRR) Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein bought 1,430 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was bought at an average cost of $11.51 per share, for a total transaction of $16,459.30. Following the acquisition, the chief executive officer owned 1,087,538 shares of the company’s stock, valued at approximately $12,517,562.38. This trade represents a 0.13% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Star Equity Trading Down 3.0%

NASDAQ:STRR opened at $11.30 on Friday. The firm has a market cap of $41.81 million, a P/E ratio of -4.30 and a beta of 0.49. The company has a current ratio of 2.09, a quick ratio of 1.84 and a debt-to-equity ratio of 0.09. The stock’s 50 day simple moving average is $10.15 and its 200-day simple moving average is $10.25. Star Equity Holdings, Inc. has a 12-month low of $8.26 and a 12-month high of $11.99.

Star Equity (NASDAQ:STRR) last posted its quarterly 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). Star Equity had a negative return on equity of 4.04% and a negative net margin of 4.18%.The firm had revenue of $50.06 million for the quarter, compared to analysts’ expectations of $52.57 million. Equities analysts anticipate that Star Equity Holdings, Inc. will post -0.43 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Heartland Advisors Inc. purchased a new position in shares of Star Equity during the 4th quarter worth approximately $140,000. DRW Securities LLC purchased a new position in shares of Star Equity during the 4th quarter worth approximately $268,000. Bridgeway Capital Management LLC purchased a new position in shares of Star Equity during the 4th quarter worth approximately $276,000. RBF Capital LLC purchased a new position in shares of Star Equity during the 4th quarter worth approximately $316,000. Finally, Geode Capital Management LLC purchased a new position in shares of Star Equity during the 4th quarter worth approximately $352,000. 3.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

About Star Equity

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.