Star Equity (NASDAQ:STRR) CEO Jeffrey Eberwein Buys 1,884 Shares

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein acquired 1,884 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were purchased at an average price of $10.89 per share, with a total value of $20,516.76. Following the acquisition, the chief executive officer 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Star Equity Trading Down 2.6%

NASDAQ STRR traded down $0.30 during trading on Friday, reaching $11.04. 4,204 shares of the stock traded hands, compared to its average volume of 10,611. The firm has a market cap of $40.85 million, a price-to-earnings ratio of -4.20 and a beta of 0.49. The stock’s 50-day moving average price is $10.25 and its 200 day moving average price is $10.29. The company has a quick ratio of 1.84, a current ratio of 2.09 and a debt-to-equity ratio of 0.09. 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 issued its quarterly earnings data on Monday, May 11th. The company reported ($0.99) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($1.04). The firm had revenue of $50.06 million for the quarter, compared to analyst estimates of $52.57 million. Star Equity had a negative net margin of 4.18% and a negative return on equity of 4.04%. Analysts predict that Star Equity Holdings, Inc. will post -0.43 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Mink Brook Asset Management LLC acquired a new position in shares of Star Equity in the fourth quarter valued at approximately $3,538,000. Renaissance Technologies LLC boosted 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 buying an additional 2,200 shares during the period. Rothschild Wealth LLC acquired a new position in shares of Star Equity in the fourth quarter valued at approximately $746,000. Dimensional Fund Advisors LP acquired a new position in shares of Star Equity in the fourth quarter valued at approximately $629,000. Finally, North Star Investment Management Corp. acquired a new position in shares of Star Equity in the first quarter valued at approximately $565,000. 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.