Star Equity (NASDAQ:STRR) Posts Earnings Results, Misses Expectations By $1.04 EPS

Star Equity (NASDAQ:STRR) posted its earnings results on Monday. The company reported ($0.99) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($1.04), Zacks reports. Star Equity had a negative return on equity of 1.17% and a negative net margin of 3.44%.

Star Equity Stock Performance

NASDAQ:STRR remained flat at $9.46 on Monday. 1,444 shares of the company’s stock traded hands, compared to its average volume of 2,868. The company has a current ratio of 2.10, a quick ratio of 1.86 and a debt-to-equity ratio of 0.09. The firm has a market cap of $35.10 million, a PE ratio of -4.61 and a beta of 0.43. Star Equity has a 52-week low of $8.26 and a 52-week high of $11.99. The firm’s 50-day simple moving average is $9.74 and its two-hundred day simple moving average is $10.24.

Insider Buying and Selling

In other Star Equity news, CEO Jeffrey E. Eberwein sold 7,722 shares of the stock in a transaction dated Monday, March 30th. The shares were sold at an average price of $9.95, for a total value of $76,833.90. Following the completion of the sale, the chief executive officer owned 764,217 shares in the company, valued at approximately $7,603,959.15. This trade represents a 1.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have bought 4,227 shares of company stock valued at $42,248 and have sold 23,000 shares valued at $229,020. Company insiders own 10.40% of the company’s stock.

Institutional Investors Weigh In On Star Equity

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Noble Financial upgraded shares of Star Equity to a “strong-buy” rating in a report on Wednesday, March 4th. Litchfield Hills Research upped their target price on shares of Star Equity from $21.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, March 23rd. Weiss Ratings upgraded shares of Star Equity from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday. Finally, Zacks Research upgraded shares of Star Equity from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus 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.