Jeffrey Eberwein Purchases 1,884 Shares of Star Equity (NASDAQ:STRR) Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein acquired 1,884 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was purchased at an average cost of $10.89 per share, for a total transaction of $20,516.76. Following the completion of the acquisition, the chief executive officer directly owned 1,105,714 shares of the company’s stock, valued at approximately $12,041,225.46. This trade represents a 0.17% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

Star Equity Stock Down 2.6%

Shares of STRR stock opened at $11.04 on Friday. The stock’s 50-day simple moving average is $10.25 and its 200-day simple moving average is $10.29. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.84 and a current ratio of 2.09. The firm has a market capitalization of $40.85 million, a PE ratio of -4.20 and a beta of 0.49. Star Equity Holdings, Inc. has a fifty-two week low of $8.26 and a fifty-two week high of $11.99.

Star Equity (NASDAQ:STRR) last announced 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 firm had revenue of $50.06 million during the quarter, compared to analyst estimates of $52.57 million. Equities analysts expect that Star Equity Holdings, Inc. will post -0.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Litchfield Hills Research raised their price target on shares of Star Equity from $21.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, March 23rd. 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, Zacks Research lowered shares of Star Equity from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 20th. One 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $28.00.

Institutional Investors Weigh In On Star Equity

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC grew its stake in shares of Star Equity by 2.8% during the 1st quarter. Renaissance Technologies LLC now owns 80,926 shares of the company’s stock worth $832,000 after purchasing an additional 2,200 shares during the period. North Star Investment Management Corp. acquired a new stake in shares of Star Equity during the 1st quarter worth approximately $565,000. Manatuck Hill Partners LLC acquired a new stake in shares of Star Equity during the 4th quarter worth approximately $358,000. Bridgeway Capital Management LLC acquired a new stake in shares of Star Equity during the 4th quarter worth approximately $276,000. Finally, Rothschild Wealth LLC acquired a new stake in shares of Star Equity during the 4th quarter worth approximately $746,000. Institutional investors and hedge funds own 3.84% of the company’s stock.

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.