Insider Buying: Star Equity (NASDAQ:STRR) CEO Buys 3,443 Shares of Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein purchased 3,443 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was bought at an average cost of $11.51 per share, for a total transaction of $39,628.93. Following the purchase, the chief executive officer directly owned 1,090,981 shares in the company, valued at $12,557,191.31. This represents a 0.32% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Star Equity Trading Up 3.4%

STRR traded up $0.36 during trading on Tuesday, reaching $11.06. The company had a trading volume of 13,255 shares, compared to its average volume of 8,013. The firm’s 50-day simple moving average is $10.16 and its 200 day simple moving average is $10.26. The company has a market cap of $40.92 million, a price-to-earnings ratio of -4.21 and a beta of 0.49. Star Equity Holdings, Inc. has a 12-month low of $8.26 and a 12-month 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 quarterly 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 company had revenue of $50.06 million during the quarter, compared to analysts’ expectations of $52.57 million. Star Equity had a negative return on equity of 4.04% and a negative net margin of 4.18%. Equities research analysts anticipate that Star Equity Holdings, Inc. will post -0.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on STRR shares. Litchfield Hills Research lifted their target price on Star Equity from $21.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, March 23rd. Noble Financial raised Star Equity to a “strong-buy” rating in a research note on Wednesday, March 4th. Zacks Research cut Star Equity from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 20th. Finally, Weiss Ratings cut Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Star Equity currently has an average rating of “Hold” and a consensus target price of $28.00.

Institutional Investors Weigh In On Star Equity

Large investors have recently made changes to their positions in the company. Heartland Advisors Inc. bought a new stake in shares of Star Equity in the 4th quarter valued at approximately $140,000. DRW Securities LLC bought a new stake in shares of Star Equity in the 4th quarter valued at approximately $268,000. Bridgeway Capital Management LLC bought a new stake in shares of Star Equity in the 4th quarter valued at approximately $276,000. RBF Capital LLC bought a new stake in shares of Star Equity in the 4th quarter valued at approximately $316,000. Finally, Geode Capital Management LLC bought a new stake in shares of Star Equity in the 4th quarter valued at approximately $352,000. Institutional investors 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.