Star Equity (NASDAQ:STRR) Issues Earnings Results, Misses Expectations By $0.08 EPS

Star Equity (NASDAQ:STRR) issued its quarterly earnings data on Friday. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08), FiscalAI reports. The company had revenue of $54.94 million for the quarter, compared to analysts’ expectations of $56.92 million. Star Equity had a negative return on equity of 4.04% and a negative net margin of 4.18%.

Star Equity Price Performance

Shares of STRR stock traded down $0.10 during trading on Friday, hitting $10.06. The company had a trading volume of 12,161 shares, compared to its average volume of 3,774. 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 stock’s 50-day moving average is $11.05 and its two-hundred day moving average is $10.40. Star Equity has a 52 week low of $8.38 and a 52 week high of $11.99.

Insider Activity at Star Equity

In related news, CEO Jeffrey E. Eberwein bought 13,799 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was bought at an average cost of $10.09 per share, for a total transaction of $139,231.91. Following the completion of the transaction, the chief executive officer owned 1,054,780 shares of the company’s stock, valued at approximately $10,642,730.20. The trade was a 1.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have acquired 78,630 shares of company stock valued at $880,724. 31.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Star Equity

Hedge funds and other institutional investors have recently modified their holdings of the company. Mink Brook Asset Management LLC bought a new position in shares of Star Equity during the 4th quarter valued at about $3,538,000. Renaissance Technologies LLC purchased a new position in shares of Star Equity during the fourth quarter worth approximately $886,000. Rothschild Wealth LLC bought a new stake in shares of Star Equity in the 4th quarter worth approximately $746,000. Dimensional Fund Advisors LP bought a new stake in shares of Star Equity in the 4th quarter worth approximately $629,000. Finally, Geode Capital Management LLC purchased a new stake in shares of Star Equity in the 4th quarter valued at $352,000. 3.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on STRR. Zacks Research raised shares of Star Equity from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Weiss Ratings cut shares of Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Star Equity currently has a consensus rating of “Moderate Buy” 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.