Star Equity (NASDAQ:STRR) Director Buys $11,600.00 in Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) Director Louis Parks purchased 1,000 shares of the stock in a transaction dated Friday, May 29th. The shares were acquired at an average cost of $11.60 per share, with a total value of $11,600.00. Following the acquisition, the director directly owned 15,813 shares in the company, valued at $183,430.80. This represents a 6.75% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Star Equity Price Performance

Shares of Star Equity stock traded down $0.11 during trading on Tuesday, reaching $11.59. 12,782 shares of the company’s stock were exchanged, compared to its average volume of 7,871. 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 Holdings, Inc. has a 1-year low of $8.26 and a 1-year high of $11.99. The company has a market cap of $42.84 million, a P/E ratio of -4.41 and a beta of 0.49. The firm’s 50-day moving average price is $10.00 and its 200 day moving average price is $10.22.

Star Equity (NASDAQ:STRR) last posted its quarterly earnings results on Monday, May 11th. The company reported ($0.99) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($1.04). Star Equity had a negative return on equity of 4.04% and a negative net margin of 4.18%.The business had revenue of $50.06 million for the quarter, compared to analyst estimates of $52.57 million. As a group, research analysts anticipate that Star Equity Holdings, Inc. will post -0.43 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on STRR. Zacks Research cut Star Equity from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 20th. Litchfield Hills Research boosted their price objective on Star Equity from $21.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, March 23rd. Weiss Ratings lowered Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 20th. Finally, Noble Financial upgraded Star Equity to a “strong-buy” rating in a research report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $28.00.

Institutional Investors Weigh In On Star Equity

Hedge funds and other institutional investors have recently bought and sold shares of the company. Mink Brook Asset Management LLC bought a new stake in Star Equity during the 4th quarter worth $3,538,000. Renaissance Technologies LLC bought a new stake in Star Equity during the 4th quarter worth $886,000. Rothschild Wealth LLC bought a new stake in Star Equity during the 4th quarter worth $746,000. Dimensional Fund Advisors LP bought a new stake in Star Equity during the 4th quarter worth $629,000. Finally, Geode Capital Management LLC bought a new stake in Star Equity during the 4th quarter worth $352,000. Institutional investors 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.