Star Equity (NASDAQ:STRR) Releases Earnings Results, Misses Estimates By $0.08 EPS

Star Equity (NASDAQ:STRR) released its quarterly earnings results on Friday. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08), FiscalAI reports. The firm had revenue of $54.94 million during the quarter, compared to analysts’ expectations of $56.92 million. Star Equity had a negative return on equity of 4.04% and a negative net margin of 4.18%.

Star Equity Stock Performance

STRR traded down $0.10 during midday trading on Friday, reaching $10.06. The company had a trading volume of 12,161 shares, compared to its average volume of 7,247. The business has a 50-day moving average of $11.05 and a two-hundred day moving average of $10.40. 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 has a 1 year low of $8.38 and a 1 year high of $11.99. The company has a market cap of $37.24 million, a P/E ratio of -3.83 and a beta of 0.51.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on STRR. Zacks Research raised Star Equity from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Weiss Ratings cut shares of Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $28.00.

Insider Buying and Selling at Star Equity

In other news, CEO Jeffrey E. Eberwein bought 13,799 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were bought at an average price of $10.09 per share, for a total transaction of $139,231.91. Following the purchase, the chief executive officer owned 1,054,780 shares in the company, valued at approximately $10,642,730.20. The trade was a 1.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders bought 78,630 shares of company stock worth $880,724. 31.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Star Equity

Institutional investors and hedge funds have recently bought and sold shares of the business. Heartland Advisors Inc. purchased a new stake in Star Equity during the 4th quarter valued at approximately $140,000. DRW Securities LLC bought a new position in shares of Star Equity during the fourth quarter worth $268,000. Bridgeway Capital Management LLC purchased a new position in Star Equity during the fourth quarter valued at $276,000. RBF Capital LLC purchased a new position in Star Equity during the fourth quarter valued at $316,000. Finally, Geode Capital Management LLC bought a new stake in Star Equity in the 4th quarter valued at $352,000. 3.84% of the stock is owned by institutional investors.

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.