Star Equity (NASDAQ:STRR) CEO Jeffrey Eberwein Buys 11,201 Shares

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein purchased 11,201 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was bought at an average cost of $11.81 per share, with a total value of $132,283.81. Following the completion of the acquisition, the chief executive officer directly owned 1,075,981 shares of the company’s stock, valued at $12,707,335.61. This trade represents a 1.05% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Star Equity Price Performance

Shares of Star Equity stock traded up $0.08 on Monday, reaching $11.70. The company’s stock had a trading volume of 8,067 shares, compared to its average volume of 7,822. The company has a market capitalization of $43.29 million, a P/E ratio of -4.45 and a beta of 0.49. Star Equity Holdings, Inc. has a 52-week low of $8.26 and a 52-week high of $11.99. The stock has a 50-day moving average price of $9.97 and a 200-day moving average price of $10.20. 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 issued its quarterly earnings results on Monday, May 11th. The company reported ($0.99) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $50.06 million for the quarter, compared to analysts’ expectations of $52.57 million. Analysts expect that Star Equity Holdings, Inc. will post -0.43 EPS for the current year.

Hedge Funds Weigh In On Star Equity

Several large investors have recently modified their holdings of STRR. Geode Capital Management LLC acquired a new position in shares of Star Equity in the 4th quarter valued at $352,000. Heartland Advisors Inc. acquired a new position in Star Equity during the 4th quarter worth about $140,000. Dimensional Fund Advisors LP acquired a new position in Star Equity during the 4th quarter worth about $629,000. Renaissance Technologies LLC acquired a new position in Star Equity during the 4th quarter worth about $886,000. Finally, DRW Securities LLC acquired a new position in Star Equity during the 4th quarter worth about $268,000. Institutional investors and hedge funds own 3.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Noble Financial raised Star Equity to a “strong-buy” rating in a research note on Wednesday, March 4th. 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 note on Monday, March 23rd. Zacks Research lowered Star Equity from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 20th. Finally, Weiss Ratings lowered Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Star Equity has a consensus rating of “Hold” and a consensus price target of $28.00.

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.