Insider Selling: Star Equity (NASDAQ:STRR) CEO Sells 16,000 Shares of Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein sold 16,000 shares of Star Equity stock in a transaction that occurred on Wednesday, December 24th. The stock was sold at an average price of $9.35, for a total value of $149,600.00. Following the completion of the transaction, the chief executive officer owned 794,217 shares of the company’s stock, valued at approximately $7,425,928.95. The trade was a 1.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Star Equity Stock Performance

STRR traded up $0.35 during trading hours on Monday, hitting $11.27. 21,401 shares of the stock were exchanged, compared to its average volume of 6,479. The stock has a market cap of $38.75 million, a price-to-earnings ratio of -7.13 and a beta of 0.49. The stock has a 50-day simple moving average of $10.57 and a 200-day simple moving average of $7.07. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.07 and a quick ratio of 1.83. Star Equity Holdings, Inc. has a 12 month low of $8.26 and a 12 month high of $13.65.

Star Equity (NASDAQ:STRR) last released its earnings results on Thursday, November 13th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.30). Star Equity had a negative net margin of 3.22% and a negative return on equity of 2.33%. The business had revenue of $47.96 million for the quarter, compared to the consensus estimate of $45.68 million. Analysts anticipate that Star Equity Holdings, Inc. will post -1.2 earnings per share for the current year.

Wall Street Analyst Weigh In

STRR has been the topic of a number of research reports. Litchfield Hills Research began coverage on Star Equity in a research report on Tuesday, December 16th. They set a “buy” rating and a $21.00 price target on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Star Equity in a research report on Wednesday, October 8th. Finally, Zacks Research downgraded shares of Star Equity from a “hold” rating to a “strong sell” rating in a report on Thursday, November 20th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $13.00.

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.