Jeffrey Eberwein Buys 3,663 Shares of Star Equity (NASDAQ:STRR) Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein acquired 3,663 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was purchased at an average price of $11.61 per share, for a total transaction of $42,527.43. Following the acquisition, the chief executive officer directly owned 1,079,644 shares of the company’s stock, valued at $12,534,666.84. The trade was a 0.34% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Star Equity Stock Performance

STRR stock traded up $0.08 during midday trading on Monday, hitting $11.70. 8,067 shares of the company traded hands, compared to its average volume of 7,822. Star Equity Holdings, Inc. has a twelve month low of $8.26 and a twelve month 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. The business has a 50 day simple moving average of $9.97 and a 200-day simple moving average of $10.20. The stock has a market capitalization of $43.29 million, a price-to-earnings ratio of -4.45 and a beta of 0.49.

Star Equity (NASDAQ:STRR) last announced 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 net margin of 4.18% and a negative return on equity of 4.04%. The company had revenue of $50.06 million for the quarter, compared to analyst estimates of $52.57 million. As a group, equities research analysts predict that Star Equity Holdings, Inc. will post -0.43 earnings per share for the current year.

Institutional Investors Weigh In On Star Equity

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC grew its stake in shares of Star Equity by 2.8% in the first quarter. Renaissance Technologies LLC now owns 80,926 shares of the company’s stock worth $832,000 after acquiring an additional 2,200 shares during the last quarter. Heartland Advisors Inc. acquired a new stake in shares of Star Equity in the fourth quarter worth $140,000. DRW Securities LLC acquired a new stake in Star Equity during the fourth quarter worth $268,000. Bridgeway Capital Management LLC acquired a new stake in Star Equity during the fourth quarter worth $276,000. Finally, RBF Capital LLC acquired a new stake in Star Equity during the fourth quarter worth $316,000. Institutional investors and hedge funds own 3.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on STRR shares. Weiss Ratings downgraded Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 20th. Zacks Research downgraded Star Equity from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 20th. Litchfield Hills Research increased their price target on Star Equity from $21.00 to $28.00 and gave the company a “buy” rating in a report on Monday, March 23rd. Finally, Noble Financial upgraded Star Equity to a “strong-buy” rating in a 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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.