Insider Buying: Star Equity (NASDAQ:STRR) CEO Purchases $20,516.76 in Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein purchased 1,884 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was purchased at an average price of $10.89 per share, with a total value of $20,516.76. Following the completion of the purchase, the chief executive officer directly owned 1,105,714 shares of the company’s stock, valued at approximately $12,041,225.46. This represents a 0.17% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Star Equity Price Performance

NASDAQ:STRR opened at $11.04 on Monday. The company has a market capitalization of $40.85 million, a price-to-earnings ratio of -4.20 and a beta of 0.49. Star Equity Holdings, Inc. has a one year low of $8.26 and a one year high of $11.99. The stock has a 50-day simple moving average of $10.25 and a 200 day simple moving average of $10.29. 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 (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). The firm had revenue of $50.06 million during the quarter, compared to analyst estimates of $52.57 million. Star Equity had a negative return on equity of 4.04% and a negative net margin of 4.18%. Sell-side analysts predict that Star Equity Holdings, Inc. will post -0.43 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on STRR. Weiss Ratings downgraded Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 20th. Noble Financial upgraded Star Equity to a “strong-buy” rating in a research note on Wednesday, March 4th. Litchfield Hills Research lifted their target price on Star Equity from $21.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, March 23rd. Finally, Zacks Research downgraded Star Equity from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 20th. One investment 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 given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $28.00.

Hedge Funds Weigh In On Star Equity

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC acquired a new position in shares of Star Equity during the fourth quarter worth approximately $352,000. Heartland Advisors Inc. acquired a new position in shares of Star Equity during the fourth quarter worth approximately $140,000. Dimensional Fund Advisors LP acquired a new position in shares of Star Equity during the fourth quarter worth approximately $629,000. Renaissance Technologies LLC acquired a new position in shares of Star Equity during the fourth quarter worth approximately $886,000. Finally, DRW Securities LLC acquired a new position in shares of Star Equity during the fourth quarter worth approximately $268,000. 3.84% of the stock is currently owned by institutional investors and hedge funds.

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.