Jeffrey Eberwein Sells 7,722 Shares of Star Equity (NASDAQ:STRR) Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein sold 7,722 shares of the company’s stock in a transaction dated Monday, March 30th. The stock was sold at an average price of $9.95, for a total transaction of $76,833.90. Following the completion of the sale, the chief executive officer directly owned 764,217 shares in the company, valued at $7,603,959.15. This represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Star Equity Stock Performance

Shares of NASDAQ STRR opened at $9.75 on Friday. Star Equity Holdings, Inc. has a 1 year low of $8.26 and a 1 year high of $11.99. The stock has a market cap of $36.17 million, a P/E ratio of -4.76 and a beta of 0.53. The firm has a 50-day moving average of $9.96 and a 200 day moving average of $10.51. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.10 and a quick ratio of 1.86.

Star Equity (NASDAQ:STRR) last announced its quarterly earnings data on Tuesday, March 17th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.23). Star Equity had a negative return on equity of 1.17% and a negative net margin of 3.44%.The business had revenue of $56.79 million during the quarter, compared to analysts’ expectations of $59.08 million. As a group, sell-side analysts expect that Star Equity Holdings, Inc. will post -1.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of STRR. Heartland Advisors Inc. purchased a new stake in shares of Star Equity during the fourth quarter valued at $140,000. DRW Securities LLC bought a new position in Star Equity during the 4th quarter valued at about $268,000. Bridgeway Capital Management LLC purchased a new stake in shares of Star Equity during the 4th quarter valued at about $276,000. RBF Capital LLC bought a new stake in shares of Star Equity in the fourth quarter worth approximately $316,000. Finally, Geode Capital Management LLC bought a new stake in shares of Star Equity in the fourth quarter worth approximately $352,000. Hedge funds and other institutional investors own 3.84% of the company’s stock.

Analyst Upgrades and Downgrades

STRR has been the subject of a number of recent research reports. Noble Financial upgraded Star Equity to a “strong-buy” rating in a research note on Wednesday, March 4th. Zacks Research upgraded Star Equity from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Star Equity in a research report on Thursday, January 22nd. Finally, Litchfield Hills Research increased their price objective on shares of Star Equity from $21.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $16.50.

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.