Jeffrey Eberwein Buys 4,994 Shares of Star Equity (NASDAQ:STRR) Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein acquired 4,994 shares of Star Equity stock in a transaction on Tuesday, June 16th. The shares were bought at an average cost of $11.21 per share, for a total transaction of $55,982.74. Following the completion of the transaction, the chief executive officer owned 1,110,714 shares in the company, valued at approximately $12,451,103.94. This trade represents a 0.45% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Star Equity Trading Up 0.3%

Shares of NASDAQ:STRR traded up $0.03 on Wednesday, hitting $11.08. The company had a trading volume of 4,768 shares, compared to its average volume of 8,274. The firm’s 50-day simple moving average is $10.31 and its two-hundred day simple moving average is $10.30. The firm has a market capitalization of $41.00 million, a price-to-earnings ratio of -4.21 and a beta of 0.49. The company has a quick ratio of 1.84, a current ratio of 2.09 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 announced 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 company 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%. Equities analysts anticipate that Star Equity Holdings, Inc. will post -0.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on STRR shares. 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 note on Monday, March 23rd. Noble Financial raised shares of Star Equity to a “strong-buy” rating in a research note on Wednesday, March 4th. Zacks Research lowered shares of Star Equity from a “hold” rating to a “strong sell” rating in a research note 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 note on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Star Equity presently has a consensus rating of “Hold” and an average price target of $28.00.

Institutional Trading of Star Equity

Hedge funds and other institutional investors have recently modified their holdings of the business. Mink Brook Asset Management LLC purchased a new stake in shares of Star Equity in the 4th quarter worth about $3,538,000. Renaissance Technologies LLC purchased a new stake in shares of Star Equity in the 4th quarter worth about $886,000. Rothschild Wealth LLC purchased a new stake in shares of Star Equity in the 4th quarter worth about $746,000. Dimensional Fund Advisors LP purchased a new stake in shares of Star Equity in the 4th quarter worth about $629,000. Finally, Geode Capital Management LLC purchased a new stake in shares of Star Equity in the 4th quarter worth about $352,000. 3.84% of the stock is owned by hedge funds and other institutional investors.

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.