Jeffrey Eberwein Sells 16,000 Shares of Star Equity (NASDAQ:STRR) Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein sold 16,000 shares of Star Equity stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of $9.35, for a total value of $149,600.00. Following the completion of the transaction, the chief executive officer directly owned 794,217 shares in the company, valued at $7,425,928.95. This represents a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Star Equity Trading Up 3.2%

NASDAQ STRR traded up $0.35 during mid-day trading on Monday, hitting $11.27. The company’s stock had a trading volume of 21,401 shares, compared to its average volume of 6,479. Star Equity Holdings, Inc. has a 52-week low of $8.26 and a 52-week high of $13.65. The stock’s fifty day simple moving average is $10.57 and its two-hundred day simple moving average is $7.07. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.07 and a quick ratio of 1.83. The firm has a market capitalization of $38.75 million, a P/E ratio of -7.13 and a beta of 0.49.

Star Equity (NASDAQ:STRR) last released its quarterly earnings data on Thursday, November 13th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.30). The business had revenue of $47.96 million during the quarter, compared to analyst estimates of $45.68 million. Star Equity had a negative return on equity of 2.33% and a negative net margin of 3.22%. Research analysts expect that Star Equity Holdings, Inc. will post -1.2 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on STRR shares. Zacks Research downgraded shares of Star Equity from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 20th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Star Equity in a report on Wednesday, October 8th. Finally, Litchfield Hills Research initiated coverage on shares of Star Equity in a report on Tuesday, December 16th. They issued a “buy” rating and a $21.00 price objective on the stock. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $13.00.

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.