Insider Buying: Star Equity (NASDAQ:STRR) CEO Acquires $53,188.56 in Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein acquired 4,766 shares of Star Equity stock in a transaction on Monday, June 22nd. The shares were purchased at an average cost of $11.16 per share, for a total transaction of $53,188.56. Following the acquisition, the chief executive officer owned 1,115,714 shares in the company, valued at approximately $12,451,368.24. This represents a 0.43% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Star Equity Stock Down 1.7%

Shares of STRR opened at $10.85 on Friday. The business’s fifty day moving average price is $10.52 and its two-hundred day moving average price is $10.35. The firm has a market capitalization of $40.15 million, a price-to-earnings ratio of -4.13 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 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 released its earnings results on Monday, May 11th. The company reported ($0.99) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($1.04). The firm had revenue of $50.06 million for the quarter, compared to the consensus estimate of $52.57 million. Star Equity had a negative return on equity of 4.04% and a negative net margin of 4.18%. On average, analysts predict that Star Equity Holdings, Inc. will post -0.43 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on STRR shares. Zacks Research lowered shares of Star Equity from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 20th. Noble Financial raised shares of Star Equity to a “strong-buy” rating in a research note on Wednesday, March 4th. Weiss Ratings lowered shares of Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 20th. Finally, Litchfield Hills Research upped their target price on shares of Star Equity from $21.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, March 23rd. One 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 issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $28.00.

Hedge Funds Weigh In On Star Equity

Institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC raised its position in shares of Star Equity by 2.8% in the 1st quarter. Renaissance Technologies LLC now owns 80,926 shares of the company’s stock valued at $832,000 after acquiring an additional 2,200 shares during the period. Heartland Advisors Inc. bought a new position in Star Equity during the 4th quarter worth about $140,000. DRW Securities LLC bought a new position in shares of Star Equity during the fourth quarter worth about $268,000. Bridgeway Capital Management LLC bought a new position in shares of Star Equity during the 4th quarter worth approximately $276,000. Finally, RBF Capital LLC acquired a new stake in Star Equity in the 4th quarter valued at $316,000. 3.84% of the stock is currently owned by institutional investors and hedge funds.

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.