Star Equity (NASDAQ:STRR) Rating Increased to Hold at Zacks Research

Star Equity (NASDAQ:STRR) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Several other brokerages also recently issued reports on STRR. Weiss Ratings reissued a “sell (e+)” rating on shares of Star Equity in a research note on Thursday, January 22nd. Noble Financial raised shares of Star Equity to a “strong-buy” rating in a research note on Wednesday, March 4th. Finally, Litchfield Hills Research began coverage on Star Equity in a report on Tuesday, December 16th. They issued a “buy” rating and a $21.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $13.00.

Star Equity Price Performance

NASDAQ:STRR opened at $9.91 on Monday. Star Equity has a 12-month low of $8.26 and a 12-month high of $11.99. The firm has a market cap of $34.07 million, a price-to-earnings ratio of -6.27 and a beta of 0.58. The company’s 50-day moving average is $10.32 and its two-hundred day moving average is $10.04. The company has a current ratio of 2.07, a quick ratio of 1.83 and a debt-to-equity ratio of 0.10.

Insider Buying and Selling

In other news, CEO Jeffrey E. Eberwein sold 4,365 shares of the firm’s stock in a transaction dated Tuesday, December 30th. The stock was sold at an average price of $9.12, for a total value of $39,808.80. Following the transaction, the chief executive officer directly owned 787,217 shares in the company, valued at $7,179,419.04. This trade represents a 0.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders bought 16,977 shares of company stock worth $190,728 and sold 23,000 shares worth $213,783. 10.40% of the stock is owned by corporate insiders.

Institutional Trading of Star Equity

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

About Star Equity

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.