Jeffrey Eberwein Buys 3,443 Shares of Star Equity (NASDAQ:STRR) Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein bought 3,443 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were purchased at an average price of $11.51 per share, with a total value of $39,628.93. Following the completion of the acquisition, the chief executive officer owned 1,090,981 shares of the company’s stock, valued at $12,557,191.31. This trade represents a 0.32% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Star Equity Stock Performance

Star Equity stock opened at $11.66 on Thursday. 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 firm has a 50-day moving average of $10.20 and a 200-day moving average of $10.28. The firm has a market cap of $43.14 million, a P/E ratio of -4.43 and a beta of 0.49. 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 posted its 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 firm had revenue of $50.06 million for the quarter, compared to analysts’ expectations of $52.57 million. Star Equity had a negative return on equity of 4.04% and a negative net margin of 4.18%. Sell-side analysts expect that Star Equity Holdings, Inc. will post -0.43 EPS for the current year.

Hedge Funds Weigh In On Star Equity

A number of institutional investors have recently bought and sold shares of STRR. Mink Brook Asset Management LLC bought a new position in Star Equity in the fourth quarter worth about $3,538,000. Renaissance Technologies LLC bought a new position in Star Equity in the fourth quarter worth about $886,000. Rothschild Wealth LLC bought a new position in Star Equity in the fourth quarter worth about $746,000. Dimensional Fund Advisors LP bought a new position in Star Equity in the fourth quarter worth about $629,000. Finally, North Star Investment Management Corp. bought a new position in Star Equity in the first quarter worth about $565,000. 3.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Weiss Ratings lowered shares of Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 20th. Zacks Research lowered shares of Star Equity from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 20th. Noble Financial upgraded shares of Star Equity to a “strong-buy” rating in a report on Wednesday, March 4th. Finally, Litchfield Hills Research increased their target price 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. One equities 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the company 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.