Star Equity (NASDAQ:STRR) CEO Jeffrey Eberwein Buys 2,288 Shares

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein acquired 2,288 shares of Star Equity stock in a transaction dated Wednesday, May 27th. The stock was purchased at an average price of $11.76 per share, with a total value of $26,906.88. Following the completion of the purchase, the chief executive officer directly owned 1,064,780 shares of the company’s stock, valued at $12,521,812.80. The trade was a 0.22% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Star Equity Price Performance

Shares of Star Equity stock opened at $11.81 on Thursday. The firm has a fifty day simple moving average of $9.89 and a 200-day simple moving average of $10.18. The company has a current ratio of 2.09, a quick ratio of 1.84 and a debt-to-equity ratio of 0.09. Star Equity Holdings, Inc. has a 1-year low of $8.26 and a 1-year high of $11.99. The stock has a market capitalization of $43.70 million, a price-to-earnings ratio of -4.49 and a beta of 0.43.

Star Equity (NASDAQ:STRR) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.99) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($1.04). Star Equity had a negative return on equity of 4.04% and a negative net margin of 4.18%.The firm had revenue of $50.06 million during the quarter, compared to analyst estimates of $52.57 million. On average, sell-side analysts expect that Star Equity Holdings, Inc. will post -0.43 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Zacks Research cut shares of Star Equity from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 20th. Litchfield Hills Research boosted their price objective on shares of Star Equity from $21.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, March 23rd. Noble Financial upgraded shares of Star Equity to a “strong-buy” rating in a research note on Wednesday, March 4th. Finally, Weiss Ratings cut shares of Star Equity from a “sell (d-)” rating to a “sell (e+)” 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 assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Star Equity currently has a consensus rating of “Hold” and a consensus price target of $28.00.

Hedge Funds Weigh In On Star Equity

Several large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC raised its stake in Star Equity by 2.8% during the 1st quarter. Renaissance Technologies LLC now owns 80,926 shares of the company’s stock valued at $832,000 after purchasing an additional 2,200 shares during the last quarter. North Star Investment Management Corp. bought a new stake in Star Equity in the 1st quarter valued at $565,000. Manatuck Hill Partners LLC bought a new stake in Star Equity in the 4th quarter valued at $358,000. Bridgeway Capital Management LLC bought a new stake in Star Equity in the 4th quarter valued at $276,000. Finally, Rothschild Wealth LLC bought a new stake in Star Equity in the 4th quarter valued at $746,000. 3.84% of the stock is currently 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.