Star Equity (NASDAQ:STRR) CEO Jeffrey Eberwein Buys 10,000 Shares of Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein acquired 10,000 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were bought at an average cost of $11.45 per share, with a total value of $114,500.00. Following the completion of the acquisition, the chief executive officer directly owned 1,100,981 shares in the company, valued at $12,606,232.45. The trade was a 0.92% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Star Equity Stock Performance

NASDAQ STRR opened at $11.06 on Wednesday. Star Equity Holdings, Inc. has a 52-week low of $8.26 and a 52-week high of $11.99. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.84 and a current ratio of 2.09. The company has a market capitalization of $40.92 million, a P/E ratio of -4.21 and a beta of 0.49. The company has a fifty day moving average of $10.17 and a 200-day moving average of $10.26.

Star Equity (NASDAQ:STRR) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.99) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $50.06 million for the quarter, compared to the consensus estimate of $52.57 million. As a group, equities research analysts predict that Star Equity Holdings, Inc. will post -0.43 EPS for the current fiscal year.

Hedge Funds Weigh In On Star Equity

A number of hedge funds have recently modified their holdings of STRR. Mink Brook Asset Management LLC purchased a new position in shares of Star Equity during the fourth quarter valued at about $3,538,000. Renaissance Technologies LLC purchased a new position in shares of Star Equity during the fourth quarter valued at about $886,000. Rothschild Wealth LLC purchased a new position in shares of Star Equity during the fourth quarter valued at about $746,000. Dimensional Fund Advisors LP purchased a new position in shares of Star Equity during the fourth quarter valued at about $629,000. Finally, North Star Investment Management Corp. purchased a new position in shares of Star Equity during the first quarter valued at about $565,000. Hedge funds and other institutional investors own 3.84% of the company’s stock.

Wall Street Analyst Weigh In

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