Star Equity (NASDAQ:STRR) CEO Buys $21,924.93 in Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein bought 1,977 shares of the company’s stock in a transaction dated Wednesday, December 31st. The stock was bought at an average cost of $11.09 per share, with a total value of $21,924.93. Following the acquisition, the chief executive officer directly owned 1,007,824 shares of the company’s stock, valued at approximately $11,176,768.16. The trade was a 0.20% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Star Equity Price Performance

Shares of STRR traded up $0.52 during mid-day trading on Wednesday, reaching $11.25. The company had a trading volume of 4,785 shares, compared to its average volume of 11,794. The company has a market capitalization of $38.70 million, a price-to-earnings ratio of -7.12 and a beta of 0.49. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.83 and a current ratio of 2.07. The company’s 50 day simple moving average is $10.56 and its 200 day simple moving average is $7.13. Star Equity Holdings, Inc. has a 1-year low of $8.26 and a 1-year high of $13.65.

Star Equity (NASDAQ:STRR) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.02 EPS 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 company had revenue of $47.96 million during the quarter, compared to the consensus estimate of $45.68 million. Analysts expect that Star Equity Holdings, Inc. will post -1.2 EPS 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 objective on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Star Equity in a research note on Wednesday, October 8th. Finally, Zacks Research cut 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 issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Star Equity has a consensus rating of “Reduce” and a consensus 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.