Star Equity (NASDAQ:STRR) Raised to Hold at Zacks Research

Star Equity (NASDAQ:STRR) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

A number of other analysts have also recently weighed in on the company. Weiss Ratings cut Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 20th. Litchfield Hills Research increased their price objective on 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 issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Star Equity currently has an average rating of “Hold” and a consensus price target of $28.00.

Star Equity Trading Down 4.6%

Star Equity stock opened at $10.64 on Monday. The firm has a market capitalization of $39.37 million, a price-to-earnings ratio of -4.05 and a beta of 0.51. Star Equity has a 52 week low of $8.38 and a 52 week high of $11.99. 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 company has a 50 day moving average price of $11.08 and a 200 day moving average price of $10.39.

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

Insider Activity

In other news, CEO Jeffrey E. Eberwein bought 4,766 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were acquired at an average cost of $11.16 per share, for a total transaction of $53,188.56. Following the purchase, the chief executive officer owned 1,115,714 shares of the company’s stock, valued at $12,451,368.24. This represents a 0.43% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders have acquired 78,630 shares of company stock worth $880,724. 31.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC bought a new stake in Star Equity during the fourth quarter valued at about $352,000. Heartland Advisors Inc. acquired a new stake in shares of Star Equity in the fourth quarter valued at about $140,000. Dimensional Fund Advisors LP bought a new position in shares of Star Equity in the fourth quarter worth about $629,000. Renaissance Technologies LLC bought a new position in shares of Star Equity in the fourth quarter worth about $886,000. Finally, DRW Securities LLC acquired a new position in shares of Star Equity during the 4th quarter worth about $268,000. Institutional investors and hedge funds own 3.84% of the company’s stock.

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.