Star Equity (NASDAQ:STRR) CEO Acquires $132,283.81 in Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein purchased 11,201 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were purchased at an average price of $11.81 per share, for a total transaction of $132,283.81. Following the purchase, the chief executive officer owned 1,075,981 shares of the company’s stock, valued at approximately $12,707,335.61. This trade represents a 1.05% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Star Equity Stock Up 0.7%

Shares of Star Equity stock traded up $0.08 during trading on Monday, hitting $11.70. 8,067 shares of the stock traded hands, compared to its average volume of 7,822. The firm has a market cap of $43.29 million, a P/E ratio of -4.45 and a beta of 0.49. 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 52-week low of $8.26 and a 52-week high of $11.99. The stock’s fifty day simple moving average is $9.97 and its 200 day simple moving average is $10.20.

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 net margin of 4.18% and a negative return on equity of 4.04%. The company had revenue of $50.06 million for the quarter, compared to the consensus estimate of $52.57 million. On average, equities analysts predict that Star Equity Holdings, Inc. will post -0.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Star Equity

A number of institutional investors and hedge funds have recently modified their holdings of STRR. Mink Brook Asset Management LLC acquired a new stake in shares of Star Equity during the fourth quarter worth about $3,538,000. Renaissance Technologies LLC acquired a new position in Star Equity in the fourth quarter valued at approximately $886,000. Rothschild Wealth LLC acquired a new position in Star Equity in the fourth quarter valued at approximately $746,000. Dimensional Fund Advisors LP acquired a new position in Star Equity in the fourth quarter valued at approximately $629,000. Finally, North Star Investment Management Corp. acquired a new position in Star Equity in the first quarter valued at approximately $565,000. Institutional investors and hedge funds own 3.84% of the company’s stock.

Wall Street Analyst Weigh In

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