Star Equity (NASDAQ:STRR) Trading Down 0.1% – Time to Sell?

Star Equity Holdings, Inc. (NASDAQ:STRR)’s share price traded down 0.1% on Friday . The stock traded as low as $9.98 and last traded at $10.05. 1,891 shares were traded during trading, a decline of 82% from the average session volume of 10,749 shares. The stock had previously closed at $10.06.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on STRR shares. Zacks Research downgraded Star Equity from a “hold” rating to a “strong sell” rating in a report on Thursday, November 20th. Weiss Ratings reissued a “sell (e+)” rating on shares of Star Equity in a research note on Thursday, January 22nd. Finally, Litchfield Hills Research assumed coverage on Star Equity in a report on Tuesday, December 16th. They set a “buy” rating and a $21.00 target price on the stock. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $13.00.

Star Equity Stock Performance

The firm’s 50-day moving average price is $10.57 and its 200 day moving average price is $9.34. The company has a market cap of $34.53 million, a price-to-earnings ratio of -6.36 and a beta of 0.57. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.83 and a current ratio of 2.07.

Insider Buying and Selling

In other news, CEO Jeffrey E. Eberwein sold 4,365 shares of the company’s stock in a transaction that occurred on Tuesday, December 30th. The shares were sold at an average price of $9.12, for a total value of $39,808.80. Following the completion of the transaction, the chief executive officer owned 787,217 shares in the company, valued at $7,179,419.04. This represents a 0.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders have purchased 16,977 shares of company stock worth $190,728 and have sold 23,000 shares worth $213,783. Company insiders own 33.51% of the company’s stock.

Institutional Trading of Star Equity

Institutional investors and hedge funds have recently bought and sold shares of the business. Heartland Advisors Inc. acquired a new position in shares of Star Equity during the 4th quarter worth approximately $140,000. DRW Securities LLC acquired a new position in shares of Star Equity in the fourth quarter valued at $268,000. Bridgeway Capital Management LLC bought a new position in shares of Star Equity in the fourth quarter valued at about $276,000. RBF Capital LLC bought a new position in shares of Star Equity in the fourth quarter valued at about $316,000. Finally, Geode Capital Management LLC acquired a new stake in shares of Star Equity during the 4th quarter worth about $352,000. Institutional investors own 3.84% of the company’s stock.

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.