Star Equity (NASDAQ:STRR) CEO Buys $114,500.00 in Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein acquired 10,000 shares of Star Equity stock in a transaction that occurred on Monday, June 8th. The stock was acquired at an average cost of $11.45 per share, with a total value of $114,500.00. Following the completion of the purchase, the chief executive officer owned 1,100,981 shares in the company, valued at approximately $12,606,232.45. This represents a 0.92% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Star Equity Stock Down 2.7%

STRR opened at $11.34 on Friday. Star Equity Holdings, Inc. has a fifty-two week low of $8.26 and a fifty-two week high of $11.99. The business has a 50-day moving average of $10.22 and a 200-day moving average of $10.29. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.09 and a quick ratio of 1.84. The company has a market capitalization of $41.96 million, a PE ratio of -4.31 and a beta of 0.49.

Star Equity (NASDAQ:STRR) last posted its quarterly earnings results 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 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 analysts’ expectations of $52.57 million. Equities research analysts forecast that Star Equity Holdings, Inc. will post -0.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in STRR. Geode Capital Management LLC bought a new position in shares of Star Equity in the 4th quarter valued at approximately $352,000. Heartland Advisors Inc. bought a new position in shares of Star Equity in the 4th quarter valued at approximately $140,000. Dimensional Fund Advisors LP bought a new position in shares of Star Equity in the 4th quarter valued at approximately $629,000. Renaissance Technologies LLC bought a new position in shares of Star Equity in the 4th quarter valued at approximately $886,000. Finally, DRW Securities LLC bought a new position in shares of Star Equity in the 4th quarter valued at approximately $268,000. 3.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

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