Insider Buying: Star Equity (NASDAQ:STRR) CEO Acquires $26,906.88 in Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein bought 2,288 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was bought at an average cost of $11.76 per share, for a total transaction of $26,906.88. Following the completion of the purchase, the chief executive officer owned 1,064,780 shares of the company’s stock, valued at approximately $12,521,812.80. The trade was a 0.22% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Star Equity Stock Up 2.3%

Shares of NASDAQ:STRR traded up $0.26 on Wednesday, hitting $11.81. 6,463 shares of the company traded hands, compared to its average volume of 7,661. The company has a market cap of $43.65 million, a PE ratio of -4.49 and a beta of 0.43. The stock has a 50 day simple moving average of $9.84 and a 200-day simple moving average of $10.17. Star Equity Holdings, Inc. has a 52 week low of $8.26 and a 52 week high of $11.99. The company has a quick ratio of 1.84, a current ratio of 2.09 and a debt-to-equity ratio of 0.09.

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

Hedge Funds Weigh In On Star Equity

A number of hedge funds have recently modified their holdings of the company. Mink Brook Asset Management LLC bought a new stake in shares of Star Equity during the 4th quarter valued at $3,538,000. Renaissance Technologies LLC purchased a new position in shares of Star Equity in the fourth quarter valued at about $886,000. Rothschild Wealth LLC purchased a new position in shares of Star Equity in the fourth quarter valued at about $746,000. Dimensional Fund Advisors LP purchased a new position in shares of Star Equity in the fourth quarter valued at about $629,000. Finally, Geode Capital Management LLC purchased a new position in shares of Star Equity in the fourth quarter valued at about $352,000. 3.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on STRR. Weiss Ratings cut shares of Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 20th. Zacks Research lowered Star Equity from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 20th. Litchfield Hills Research lifted their target price on Star Equity from $21.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, March 23rd. Finally, Noble Financial raised Star Equity to a “strong-buy” rating in a report on Wednesday, March 4th. One investment 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.com, Star Equity currently has an average rating of “Hold” and an average price target 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.