Star Equity (NASDAQ:STRR) CEO Jeffrey Eberwein Purchases 2,312 Shares

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein acquired 2,312 shares of the business’s stock in a transaction on Wednesday, November 19th. The shares were purchased at an average price of $10.38 per share, with a total value of $23,998.56. Following the transaction, the chief executive officer owned 702,541 shares in the company, valued at $7,292,375.58. The trade was a 0.33% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Star Equity Price Performance

NASDAQ:STRR remained flat at $10.31 during mid-day trading on Wednesday. 4,858 shares of the company were exchanged, compared to its average volume of 12,067. Star Equity Holdings, Inc. has a 1 year low of $8.26 and a 1 year high of $15.90. The firm’s fifty day moving average price is $10.84 and its 200 day moving average price is $5.38. The stock has a market cap of $28.40 million, a price-to-earnings ratio of -7.93 and a beta of 0.42.

Star Equity (NASDAQ:STRR) last issued its earnings results on Thursday, November 13th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.30). Star Equity had a negative return on equity of 3.81% and a negative net margin of 2.81%.The business had revenue of $47.96 million for the quarter, compared to analysts’ expectations of $45.68 million. On average, equities research analysts forecast that Star Equity Holdings, Inc. will post -1.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

STRR has been the subject of several recent analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Star Equity in a research note on Wednesday, October 8th. Maxim Group lowered shares of Star Equity from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $5.00.

Star Equity Company Profile

Star Equity Holdings, Inc engages in the construction business in the United States and internationally. It operates through two segments: Construction, and Investments. It manufactures modular housing units, structural wall panels, permanent wood foundation systems, and other engineered wood products; supplies general contractors with building materials; holds real estate assets; and manages investments.