Insider Buying: Star Equity (NASDAQ:STRR) Director Buys $11,600.00 in Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) Director Louis Parks purchased 1,000 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were acquired at an average price of $11.60 per share, for a total transaction of $11,600.00. Following the purchase, the director owned 15,813 shares in the company, valued at $183,430.80. The trade was a 6.75% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Star Equity Stock Performance

NASDAQ:STRR opened at $11.48 on Friday. Star Equity Holdings, Inc. has a 1 year low of $8.26 and a 1 year high of $11.99. The firm’s fifty day simple moving average is $10.12 and its 200 day simple moving average is $10.24. 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 market capitalization of $42.46 million, a PE ratio of -4.36 and a beta of 0.49.

Star Equity (NASDAQ:STRR) last posted 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 business had revenue of $50.06 million during the quarter, compared to the consensus estimate of $52.57 million. On average, sell-side analysts anticipate that Star Equity Holdings, Inc. will post -0.43 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in STRR. Renaissance Technologies LLC boosted its holdings in 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 purchasing an additional 2,200 shares during the last quarter. North Star Investment Management Corp. acquired a new position in Star Equity during the first quarter worth $565,000. Manatuck Hill Partners LLC acquired a new position in Star Equity during the fourth quarter worth $358,000. Bridgeway Capital Management LLC acquired a new position in Star Equity during the fourth quarter worth $276,000. Finally, Rothschild Wealth LLC acquired a new position in Star Equity during the fourth quarter worth $746,000. Institutional investors and hedge funds own 3.84% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on STRR shares. Noble Financial upgraded shares of Star Equity to a “strong-buy” rating in a research report on Wednesday, March 4th. Litchfield Hills Research lifted their target price on shares of Star Equity from $21.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, March 23rd. Zacks Research lowered shares of Star Equity from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 20th. Finally, Weiss Ratings lowered shares of Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a research 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 stock. Based on data from MarketBeat.com, Star Equity 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.