Jeffrey Eberwein Purchases 2,849 Shares of Star Equity (NASDAQ:STRR) Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein bought 2,849 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were acquired at an average cost of $11.23 per share, with a total value of $31,994.27. Following the purchase, the chief executive officer directly owned 1,103,830 shares of the company’s stock, valued at $12,396,010.90. This trade represents a 0.26% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Star Equity Trading Up 5.4%

NASDAQ STRR opened at $11.66 on Thursday. The business has a 50 day simple moving average of $10.20 and a 200 day simple moving average of $10.28. The stock has a market capitalization of $43.14 million, a P/E ratio of -4.43 and a beta of 0.49. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.09 and a quick ratio of 1.84. Star Equity Holdings, Inc. has a one year low of $8.26 and a one year high of $11.99.

Star Equity (NASDAQ:STRR) last announced its quarterly earnings results on Monday, May 11th. The company reported ($0.99) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($1.04). The firm had revenue of $50.06 million during the quarter, compared to the consensus estimate of $52.57 million. Star Equity had a negative return on equity of 4.04% and a negative net margin of 4.18%. Research analysts expect that Star Equity Holdings, Inc. will post -0.43 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Mink Brook Asset Management LLC bought a new position in shares of Star Equity in the fourth quarter valued at approximately $3,538,000. Renaissance Technologies LLC lifted its holdings in shares of Star Equity by 2.8% in the first 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 in the last quarter. Rothschild Wealth LLC bought a new position in shares of Star Equity in the fourth quarter valued at approximately $746,000. Dimensional Fund Advisors LP bought a new position in shares of Star Equity in the fourth quarter valued at approximately $629,000. Finally, North Star Investment Management Corp. bought a new position in shares of Star Equity in the first quarter valued at approximately $565,000. Institutional investors own 3.84% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on STRR. Litchfield Hills Research increased their price target on Star Equity from $21.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, March 23rd. Zacks Research lowered Star Equity from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 20th. Weiss Ratings lowered Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 20th. Finally, Noble Financial upgraded Star Equity to a “strong-buy” rating in a report on Wednesday, March 4th. 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 stock. According to MarketBeat.com, Star Equity has an average rating of “Hold” and an average target price 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.