Star Equity (NASDAQ:STRR) CEO Jeffrey Eberwein Sells 7,722 Shares of Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein sold 7,722 shares of the company’s stock in a transaction that occurred on Monday, March 30th. The stock was sold at an average price of $9.95, for a total value of $76,833.90. Following the completion of the transaction, the chief executive officer owned 764,217 shares of the company’s stock, valued at $7,603,959.15. The trade was a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Star Equity Trading Up 3.7%

Star Equity stock opened at $9.75 on Friday. Star Equity Holdings, Inc. has a 1 year low of $8.26 and a 1 year high of $11.99. The firm’s 50 day moving average price is $9.97 and its 200-day moving average price is $10.51. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.10 and a quick ratio of 1.86. The stock has a market cap of $36.17 million, a P/E ratio of -4.76 and a beta of 0.53.

Star Equity (NASDAQ:STRR) last issued its earnings results on Tuesday, March 17th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.23). The company had revenue of $56.79 million for the quarter, compared to the consensus estimate of $59.08 million. Star Equity had a negative return on equity of 1.17% and a negative net margin of 3.44%. On average, equities analysts predict that Star Equity Holdings, Inc. will post -1.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Star Equity

Institutional investors and hedge funds have recently made changes to their positions in the business. Heartland Advisors Inc. purchased a new stake in shares of Star Equity during the 4th quarter valued at about $140,000. DRW Securities LLC purchased a new position in Star Equity in the fourth quarter worth about $268,000. Bridgeway Capital Management LLC bought a new stake in Star Equity during the fourth quarter worth approximately $276,000. RBF Capital LLC bought a new stake in Star Equity during the fourth quarter worth approximately $316,000. Finally, Geode Capital Management LLC purchased a new stake in Star Equity during the fourth quarter valued at approximately $352,000. 3.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on STRR shares. Litchfield Hills Research raised their price objective on Star Equity from $21.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, March 23rd. Noble Financial upgraded Star Equity to a “strong-buy” rating in a research report on Wednesday, March 4th. Zacks Research raised Star Equity from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Star Equity in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Star Equity has a consensus rating of “Hold” and a consensus target price of $16.50.

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.