Jeffrey Eberwein Purchases 4,994 Shares of Star Equity (NASDAQ:STRR) Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein acquired 4,994 shares of the stock in a transaction dated Tuesday, June 16th. The stock was acquired at an average price of $11.21 per share, with a total value of $55,982.74. Following the completion of the acquisition, the chief executive officer owned 1,110,714 shares in the company, valued at approximately $12,451,103.94. The trade was a 0.45% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Star Equity Trading Up 0.3%

Shares of STRR traded up $0.03 during mid-day trading on Wednesday, reaching $11.08. The company’s stock had a trading volume of 4,768 shares, compared to its average volume of 8,274. The stock has a market cap of $41.00 million, a PE ratio of -4.21 and a beta of 0.49. The company has a current ratio of 2.09, a quick ratio of 1.84 and a debt-to-equity ratio of 0.09. Star Equity Holdings, Inc. has a 52 week low of $8.26 and a 52 week high of $11.99. The company’s fifty day moving average price is $10.31 and its two-hundred day moving average price is $10.30.

Star Equity (NASDAQ:STRR) last announced its quarterly earnings data 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 the consensus estimate of $52.57 million. Star Equity had a negative return on equity of 4.04% and a negative net margin of 4.18%. On average, analysts predict that Star Equity Holdings, Inc. will post -0.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Star Equity

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STRR. Mink Brook Asset Management LLC bought a new stake in Star Equity during the 4th quarter valued at $3,538,000. Renaissance Technologies LLC bought a new stake in Star Equity during the 4th quarter valued at $886,000. Rothschild Wealth LLC bought a new stake in Star Equity during the 4th quarter valued at $746,000. Dimensional Fund Advisors LP bought a new stake in Star Equity during the 4th quarter valued at $629,000. Finally, North Star Investment Management Corp. bought a new stake in Star Equity during the 1st quarter valued at $565,000. 3.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

STRR has been the subject of a number of recent research reports. Zacks Research lowered shares of Star Equity from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 20th. Noble Financial upgraded shares of Star Equity to a “strong-buy” rating in a report on Wednesday, March 4th. Weiss Ratings lowered shares of Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 20th. Finally, Litchfield Hills Research upped their price target on shares of Star Equity from $21.00 to $28.00 and gave the company a “buy” rating in a report on Monday, March 23rd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $28.00.

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.