Star Equity (STRR) to Release Earnings on Friday

Star Equity (NASDAQ:STRR) will likely be issuing its results before the market opens on Friday, March 13th. Analysts expect the company to announce earnings of $0.13 per share and revenue of $59.0750 million for the quarter.

Star Equity Stock Down 0.4%

NASDAQ:STRR opened at $9.91 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.83 and a current ratio of 2.07. The company has a market capitalization of $34.07 million, a price-to-earnings ratio of -6.27 and a beta of 0.58. Star Equity 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 $10.32 and a 200 day simple moving average of $10.04.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Star Equity in a report on Thursday, January 22nd. Litchfield Hills Research assumed coverage on Star Equity in a research report on Tuesday, December 16th. They set a “buy” rating and a $21.00 price target on the stock. Noble Financial upgraded Star Equity to a “strong-buy” rating in a research note on Wednesday, March 4th. Finally, Zacks Research downgraded shares of Star Equity from a “hold” rating to a “strong sell” rating in a report on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Star Equity currently has a consensus rating of “Hold” and a consensus price target of $13.00.

Insider Buying and Selling

In other Star Equity news, CEO Jeffrey E. Eberwein sold 16,000 shares of the stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of $9.35, for a total value of $149,600.00. Following the sale, the chief executive officer directly owned 794,217 shares of the company’s stock, valued at $7,425,928.95. This trade represents a 1.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders acquired 16,977 shares of company stock worth $190,728 and sold 23,000 shares worth $213,783. 10.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Star Equity

Institutional investors have recently modified their holdings of the company. Mink Brook Asset Management LLC bought a new stake in Star Equity in the 4th quarter valued at about $3,538,000. Renaissance Technologies LLC acquired a new position in shares of Star Equity during the fourth quarter worth approximately $886,000. Rothschild Wealth LLC acquired a new position in shares of Star Equity during the fourth quarter worth approximately $746,000. Dimensional Fund Advisors LP bought a new position in Star Equity in the 4th quarter worth approximately $629,000. Finally, Geode Capital Management LLC acquired a new stake in Star Equity in the 4th quarter valued at approximately $352,000. Institutional investors own 3.84% of the company’s stock.

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.