Star Equity (NASDAQ:STRR) CEO Purchases $16,459.30 in Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein purchased 1,430 shares of the stock in a transaction dated Thursday, June 4th. The shares were purchased at an average price of $11.51 per share, with a total value of $16,459.30. Following the transaction, the chief executive officer directly owned 1,087,538 shares of the company’s stock, valued at approximately $12,517,562.38. The trade was a 0.13% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Star Equity Stock Down 3.0%

Star Equity stock opened at $11.30 on Friday. The company has a 50-day simple moving average of $10.15 and a 200-day simple moving average of $10.25. The firm has a market capitalization of $41.81 million, a P/E ratio of -4.30 and a beta of 0.49. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.84 and a current ratio of 2.09. Star Equity Holdings, Inc. has a one year low of $8.26 and a one year high of $11.99.

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

Institutional Investors Weigh In On Star Equity

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC lifted its holdings in Star Equity by 2.8% in the 1st quarter. Renaissance Technologies LLC now owns 80,926 shares of the company’s stock valued at $832,000 after acquiring an additional 2,200 shares during the last quarter. North Star Investment Management Corp. acquired a new stake in Star Equity in the 1st quarter valued at about $565,000. Manatuck Hill Partners LLC acquired a new stake in Star Equity in the 4th quarter valued at about $358,000. Bridgeway Capital Management LLC acquired a new stake in Star Equity in the 4th quarter valued at about $276,000. Finally, Rothschild Wealth LLC acquired a new stake in Star Equity in the 4th quarter valued at about $746,000. 3.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.