Star Equity (NASDAQ:STRR) CEO Jeffrey Eberwein Purchases 2,849 Shares

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein acquired 2,849 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were acquired at an average cost of $11.23 per share, for a total transaction of $31,994.27. Following the transaction, the chief executive officer owned 1,103,830 shares of the company’s stock, valued at approximately $12,396,010.90. This represents a 0.26% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Star Equity Stock Up 3.4%

Star Equity stock opened at $11.06 on Wednesday. The company has a market capitalization of $40.92 million, a P/E ratio of -4.21 and a beta of 0.49. The firm’s fifty day simple moving average is $10.17 and its 200-day simple moving average is $10.26. 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 Holdings, Inc. has a 1-year low of $8.26 and a 1-year high of $11.99.

Star Equity (NASDAQ:STRR) last released its quarterly earnings results on Monday, May 11th. The company reported ($0.99) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($1.04). The business 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%. Sell-side analysts forecast that Star Equity Holdings, Inc. will post -0.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Star Equity

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mink Brook Asset Management LLC acquired a new stake in Star Equity in the 4th quarter worth approximately $3,538,000. Renaissance Technologies LLC lifted its holdings in Star Equity by 2.8% in the 1st quarter. Renaissance Technologies LLC now owns 80,926 shares of the company’s stock worth $832,000 after purchasing an additional 2,200 shares during the last quarter. Rothschild Wealth LLC acquired a new stake in Star Equity in the 4th quarter worth approximately $746,000. Dimensional Fund Advisors LP acquired a new stake in Star Equity in the 4th quarter worth approximately $629,000. Finally, North Star Investment Management Corp. acquired a new stake in Star Equity in the 1st quarter worth approximately $565,000. 3.84% of the stock is currently owned by institutional investors and hedge funds.

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.