Star Equity (NASDAQ:STRR) Rating Increased to Strong-Buy at Noble Financial

Noble Financial upgraded shares of Star Equity (NASDAQ:STRR) to a strong-buy rating in a research note released on Wednesday morning,Zacks.com reports.

Several other research firms have also recently issued reports on STRR. Zacks Research cut shares of Star Equity from a “hold” rating to a “strong sell” rating in a report on Thursday, November 20th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Star Equity in a research report on Thursday, January 22nd. Finally, Litchfield Hills Research started coverage on Star Equity in a research note on Tuesday, December 16th. They set a “buy” rating and a $21.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Star Equity has a consensus rating of “Hold” and a consensus price target of $13.00.

Star Equity Stock Performance

NASDAQ:STRR traded up $0.09 during midday trading on Wednesday, reaching $10.02. The stock had a trading volume of 3,116 shares, compared to its average volume of 7,305. The company has a quick ratio of 1.83, a current ratio of 2.07 and a debt-to-equity ratio of 0.10. The stock has a market cap of $34.47 million, a P/E ratio of -6.34 and a beta of 0.58. The firm has a fifty day simple moving average of $10.40 and a two-hundred day simple moving average of $9.77. Star Equity has a 12-month low of $8.26 and a 12-month high of $11.99.

Insider Activity at Star Equity

In related news, CEO Jeffrey E. Eberwein sold 4,365 shares of the firm’s stock in a transaction that occurred on Tuesday, December 30th. The stock was sold at an average price of $9.12, for a total value of $39,808.80. Following the completion of the transaction, the chief executive officer directly owned 787,217 shares of the company’s stock, valued at $7,179,419.04. This trade represents a 0.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders purchased 16,977 shares of company stock worth $190,728 and sold 23,000 shares worth $213,783. 33.51% of the stock is owned by company insiders.

Institutional Trading of Star Equity

Several large investors have recently bought and sold shares of the company. Geode Capital Management LLC purchased a new stake in shares of Star Equity in the 4th quarter worth about $352,000. Heartland Advisors Inc. purchased a new position in Star Equity during the 4th quarter valued at about $140,000. Dimensional Fund Advisors LP purchased a new stake in shares of Star Equity in the fourth quarter valued at about $629,000. Renaissance Technologies LLC purchased a new stake in shares of Star Equity in the fourth quarter valued at about $886,000. Finally, DRW Securities LLC acquired a new stake in shares of Star Equity in the fourth quarter valued at approximately $268,000. 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.