Star Equity (NASDAQ:STRR) CEO Purchases $56,668.41 in Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein purchased 4,881 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were acquired at an average price of $11.61 per share, for a total transaction of $56,668.41. Following the completion of the acquisition, the chief executive officer directly owned 1,086,007 shares of the company’s stock, valued at $12,608,541.27. This trade represents a 0.45% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Star Equity Price Performance

Shares of NASDAQ STRR opened at $11.30 on Friday. The stock has a fifty day simple moving average of $10.15 and a two-hundred day simple moving average of $10.25. 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 $41.81 million, a price-to-earnings 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.

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

Analyst Ratings Changes

STRR has been the subject of several research reports. Litchfield Hills Research increased their price objective on 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 Star Equity to a “strong-buy” rating in a report on Wednesday, March 4th. Weiss Ratings lowered Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 20th. Finally, Zacks Research lowered Star Equity from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Star Equity has an average rating of “Hold” and an average target price of $28.00.

Institutional Investors Weigh In On Star Equity

Several institutional investors have recently made changes to their positions in the stock. Mink Brook Asset Management LLC purchased a new stake in shares of Star Equity during the fourth quarter worth $3,538,000. Renaissance Technologies LLC lifted its position in shares of Star Equity by 2.8% during the first quarter. Renaissance Technologies LLC now owns 80,926 shares of the company’s stock worth $832,000 after acquiring an additional 2,200 shares in the last quarter. Rothschild Wealth LLC purchased a new stake in shares of Star Equity during the fourth quarter worth $746,000. Dimensional Fund Advisors LP purchased a new stake in shares of Star Equity during the fourth quarter worth $629,000. Finally, North Star Investment Management Corp. purchased a new stake in shares of Star Equity during the first quarter worth $565,000. Hedge funds and other institutional investors own 3.84% of the company’s stock.

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.