Star Equity (NASDAQ:STRR) CEO Purchases $27,785.14 in Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein bought 2,414 shares of Star Equity stock in a transaction on Tuesday, May 26th. The stock was acquired at an average cost of $11.51 per share, for a total transaction of $27,785.14. Following the acquisition, the chief executive officer owned 1,062,492 shares in the company, valued at approximately $12,229,282.92. This represents a 0.23% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Star Equity Trading Up 0.6%

Shares of STRR stock opened at $11.62 on Friday. The stock’s fifty day moving average price is $9.97 and its two-hundred day moving average price is $10.20. The company has a market cap of $42.99 million, a PE ratio of -4.42 and a beta of 0.43. Star Equity Holdings, Inc. has a fifty-two week low of $8.26 and a fifty-two 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.

Star Equity (NASDAQ:STRR) last issued its earnings results on Monday, May 11th. The company reported ($0.99) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($1.04). The business had revenue of $50.06 million during 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%. Equities analysts predict that Star Equity Holdings, Inc. will post -0.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Noble Financial raised Star Equity to a “strong-buy” rating in a report on Wednesday, March 4th. Zacks Research downgraded Star Equity from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 20th. Weiss Ratings downgraded Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 20th. Finally, Litchfield Hills Research raised 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, one has assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Star Equity currently has a consensus rating of “Hold” and a consensus price target of $28.00.

Institutional Investors Weigh In On Star Equity

Hedge funds have recently modified their holdings of the company. Heartland Advisors Inc. acquired a new stake in shares of Star Equity during the 4th quarter valued at $140,000. DRW Securities LLC bought a new position in Star Equity during the 4th quarter worth $268,000. Bridgeway Capital Management LLC bought a new position in Star Equity during the 4th quarter worth $276,000. RBF Capital LLC bought a new position in Star Equity during the 4th quarter worth $316,000. Finally, Geode Capital Management LLC bought a new position in Star Equity during the 4th quarter worth $352,000. 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.