Star Equity (NASDAQ:STRR) CEO Buys 4,766 Shares of Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein bought 4,766 shares of the stock in a transaction on Monday, June 22nd. The stock was acquired at an average price of $11.16 per share, with a total value of $53,188.56. Following the completion of the acquisition, the chief executive officer owned 1,115,714 shares of the company’s stock, valued at $12,451,368.24. This represents a 0.43% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Star Equity Trading Down 2.0%

STRR traded down $0.23 during trading on Tuesday, hitting $11.02. The company’s stock had a trading volume of 1,016 shares, compared to its average volume of 8,304. Star Equity Holdings, Inc. has a twelve month low of $8.26 and a twelve month high of $11.99. The company has a quick ratio of 1.84, a current ratio of 2.09 and a debt-to-equity ratio of 0.09. The stock’s fifty day moving average price is $10.44 and its 200-day moving average price is $10.34. The firm has a market capitalization of $40.77 million, a P/E ratio of -4.19 and a beta of 0.49.

Star Equity (NASDAQ:STRR) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.99) EPS for the quarter, missing the consensus estimate of $0.05 by ($1.04). The company had revenue of $50.06 million for the quarter, compared to analyst estimates of $52.57 million. Star Equity had a negative return on equity of 4.04% and a negative net margin of 4.18%. Analysts anticipate that Star Equity Holdings, Inc. will post -0.43 EPS for the current year.

Analyst Upgrades and Downgrades

STRR has been the subject of a number of research reports. Weiss Ratings cut shares of Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 20th. Noble Financial upgraded shares of Star Equity to a “strong-buy” rating in a report on Wednesday, March 4th. Litchfield Hills Research increased their price objective on shares of Star Equity from $21.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, March 23rd. Finally, Zacks Research downgraded Star Equity from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $28.00.

Hedge Funds Weigh In On Star Equity

Institutional investors have recently modified their holdings of the company. Rothschild Wealth LLC bought a new stake in Star Equity during the 4th quarter valued at $746,000. RBF Capital LLC acquired a new position in Star Equity during the fourth quarter worth $316,000. Mink Brook Asset Management LLC bought a new position in shares of Star Equity in the fourth quarter valued at $3,538,000. Renaissance Technologies LLC bought a new position in shares of Star Equity in the fourth quarter valued at $886,000. Finally, Dimensional Fund Advisors LP acquired a new position in shares of Star Equity during the fourth quarter valued at about $629,000. 3.84% of the stock is owned by institutional investors and hedge funds.

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.