Star Equity (NASDAQ:STRR) CEO Jeffrey Eberwein Acquires 1,482 Shares

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein acquired 1,482 shares of the business’s stock in a transaction on Monday, June 1st. The shares were purchased at an average price of $11.59 per share, with a total value of $17,176.38. Following the completion of the purchase, the chief executive officer owned 1,081,126 shares in the company, valued at $12,530,250.34. This represents a 0.14% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Star Equity Price Performance

NASDAQ:STRR opened at $11.70 on Tuesday. Star Equity Holdings, Inc. has a 12 month low of $8.26 and a 12 month high of $11.99. The stock has a 50 day moving average of $10.00 and a two-hundred day moving average of $10.22. The company has a current ratio of 2.09, a quick ratio of 1.84 and a debt-to-equity ratio of 0.09. The firm has a market cap of $43.29 million, a P/E ratio of -4.45 and a beta of 0.49.

Star Equity (NASDAQ:STRR) last posted its quarterly earnings results on Monday, May 11th. The company reported ($0.99) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($1.04). The company had revenue of $50.06 million during 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%. On average, analysts expect that Star Equity Holdings, Inc. will post -0.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in STRR. Mink Brook Asset Management LLC acquired a new position in Star Equity in the fourth quarter valued at approximately $3,538,000. Renaissance Technologies LLC acquired a new position in Star Equity during the fourth quarter worth $886,000. Rothschild Wealth LLC acquired a new position in Star Equity during the fourth quarter worth $746,000. Dimensional Fund Advisors LP acquired a new position in Star Equity during the fourth quarter worth $629,000. Finally, North Star Investment Management Corp. acquired a new position in Star Equity during the first quarter worth $565,000. 3.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

STRR has been the subject of a number of analyst reports. Litchfield Hills Research upped their price target on Star Equity from $21.00 to $28.00 and gave the company 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. Zacks Research lowered Star Equity from a “hold” rating to a “strong sell” 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 assigned a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently 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.