Jeffrey Eberwein Buys 1,482 Shares of Star Equity (NASDAQ:STRR) Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein purchased 1,482 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was bought at an average cost of $11.59 per share, with a total value of $17,176.38. Following the completion of the transaction, the chief executive officer directly owned 1,081,126 shares in the company, valued at $12,530,250.34. The trade was a 0.14% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Star Equity Trading Down 0.9%

NASDAQ STRR opened at $11.59 on Wednesday. The firm has a market capitalization of $42.88 million, a P/E ratio of -4.41 and a beta of 0.49. The business has a fifty day simple moving average of $10.00 and a 200 day simple moving average of $10.22. Star Equity Holdings, Inc. has a 12 month low of $8.26 and a 12 month high of $11.99. 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 (NASDAQ:STRR) last released its quarterly earnings results on Monday, May 11th. The company reported ($0.99) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($1.04). The company had revenue of $50.06 million during the quarter, compared to analysts’ expectations of $52.57 million. Star Equity had a negative net margin of 4.18% and a negative return on equity of 4.04%. On average, analysts predict that Star Equity Holdings, Inc. will post -0.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in STRR. Heartland Advisors Inc. bought a new position in Star Equity in the 4th quarter worth about $140,000. DRW Securities LLC bought a new position in Star Equity in the 4th quarter worth about $268,000. Bridgeway Capital Management LLC bought a new position in Star Equity in the 4th quarter worth about $276,000. RBF Capital LLC bought a new position in Star Equity in the 4th quarter worth about $316,000. Finally, Geode Capital Management LLC bought a new position in Star Equity in the 4th quarter worth about $352,000. Institutional investors own 3.84% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.