Jeffrey Eberwein Buys 1,482 Shares of Star Equity (NASDAQ:STRR) Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein acquired 1,482 shares of Star Equity stock in a transaction dated Monday, June 1st. The shares were purchased at an average price of $11.59 per share, with a total value of $17,176.38. Following the acquisition, the chief executive officer owned 1,081,126 shares of the company’s stock, valued at approximately $12,530,250.34. This trade represents a 0.14% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Star Equity Stock Performance

Shares of NASDAQ:STRR traded up $0.08 during trading on Monday, reaching $11.70. 8,067 shares of the stock were exchanged, compared to its average volume of 7,822. 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 12 month low of $8.26 and a 12 month high of $11.99. The stock has a 50-day moving average price of $9.97 and a 200-day moving average price of $10.20. The firm has a market cap of $43.29 million, a PE ratio of -4.45 and a beta of 0.49.

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). 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 analyst estimates of $52.57 million. Research analysts expect that Star Equity Holdings, Inc. will post -0.43 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. 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 price target 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 downgraded shares of Star Equity from a “hold” rating to a “strong sell” rating in a research report 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 report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $28.00.

Institutional Trading of Star Equity

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC grew its stake in shares of 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 buying an additional 2,200 shares during the last quarter. Heartland Advisors Inc. bought a new stake in shares of Star Equity during the fourth quarter worth $140,000. DRW Securities LLC bought a new stake in shares of Star Equity during the fourth quarter worth $268,000. Bridgeway Capital Management LLC bought a new stake in shares of Star Equity during the fourth quarter worth $276,000. Finally, RBF Capital LLC bought a new stake in shares of Star Equity during the fourth quarter worth $316,000. Institutional investors own 3.84% of the company’s stock.

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.