Jeffrey Eberwein Purchases 3,663 Shares of Star Equity (NASDAQ:STRR) Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein acquired 3,663 shares of the company’s stock in a transaction on Friday, May 29th. The stock was purchased at an average cost of $11.61 per share, for a total transaction of $42,527.43. Following the completion of the transaction, the chief executive officer owned 1,079,644 shares in the company, valued at approximately $12,534,666.84. The trade was a 0.34% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Star Equity Price Performance

Shares of STRR opened at $11.59 on Wednesday. The firm has a market capitalization of $42.88 million, a price-to-earnings ratio of -4.41 and a beta of 0.49. The firm’s fifty day simple moving average is $10.00 and its 200-day simple moving average is $10.22. Star Equity Holdings, Inc. has a twelve month low of $8.26 and a twelve 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 issued its 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). 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 for the quarter, compared to analyst estimates of $52.57 million. Equities analysts forecast that Star Equity Holdings, Inc. will post -0.43 EPS for the current fiscal year.

Hedge Funds Weigh In On Star Equity

Hedge funds have recently made changes to their positions in the company. 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 boosted its position in shares of 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 purchasing an additional 2,200 shares during the period. Rothschild Wealth LLC purchased a new position in Star Equity during the 4th quarter worth approximately $746,000. Dimensional Fund Advisors LP purchased a new position in Star Equity during the 4th quarter worth approximately $629,000. Finally, North Star Investment Management Corp. acquired a new position in Star Equity during the first quarter worth approximately $565,000. Hedge funds and other institutional investors own 3.84% of the company’s stock.

Analysts Set New Price Targets

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