Star Equity (NASDAQ:STRR) Posts Earnings Results, Misses Expectations By $0.08 EPS

Star Equity (NASDAQ:STRR) posted its earnings results on Friday. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08), FiscalAI reports. Star Equity had a negative return on equity of 4.04% and a negative net margin of 4.18%.The firm had revenue of $54.94 million during the quarter, compared to analysts’ expectations of $56.92 million.

Star Equity Trading Down 0.9%

Star Equity stock traded down $0.10 during midday trading on Friday, reaching $10.06. The stock had a trading volume of 12,161 shares, compared to its average volume of 7,247. 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 firm has a market cap of $37.24 million, a price-to-earnings ratio of -3.83 and a beta of 0.51. Star Equity has a 52-week low of $8.38 and a 52-week high of $11.99. The company has a fifty day moving average of $11.05 and a 200 day moving average of $10.40.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Weiss Ratings downgraded shares of Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 20th. Zacks Research raised shares of Star Equity from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $28.00.

Insider Activity at Star Equity

In other Star Equity news, CEO Jeffrey E. Eberwein purchased 13,799 shares of Star Equity stock in a transaction dated Tuesday, May 19th. The shares were purchased at an average cost of $10.09 per share, for a total transaction of $139,231.91. Following the completion of the acquisition, the chief executive officer owned 1,054,780 shares in the company, valued at $10,642,730.20. This represents a 1.33% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders purchased a total of 78,630 shares of company stock worth $880,724 over the last quarter. Corporate insiders own 31.60% of the company’s stock.

Hedge Funds Weigh In On Star Equity

A number of large investors have recently bought and sold shares of STRR. Mink Brook Asset Management LLC bought a new position in Star Equity in the 4th quarter valued at $3,538,000. Renaissance Technologies LLC bought a new stake in shares of Star Equity during the fourth quarter worth $886,000. Rothschild Wealth LLC purchased a new stake in shares of Star Equity during the fourth quarter valued at $746,000. Dimensional Fund Advisors LP purchased a new stake in shares of Star Equity during the fourth quarter valued at $629,000. Finally, Geode Capital Management LLC bought a new position in shares of Star Equity in the fourth quarter worth about $352,000. Hedge funds and other institutional investors own 3.84% of the company’s stock.

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.