Jeffrey Eberwein Purchases 2,288 Shares of Star Equity (NASDAQ:STRR) Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein acquired 2,288 shares of the stock in a transaction dated Wednesday, May 27th. The shares were purchased at an average price of $11.76 per share, for a total transaction of $26,906.88. Following the completion of the purchase, the chief executive officer directly owned 1,064,780 shares in the company, valued at $12,521,812.80. The trade was a 0.22% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Star Equity Stock Down 1.2%

Star Equity stock opened at $11.67 on Friday. The firm has a market capitalization of $43.18 million, a PE ratio of -4.44 and a beta of 0.43. The company’s 50-day moving average is $9.92 and its 200-day moving average is $10.19. Star Equity Holdings, Inc. has a fifty-two week low of $8.26 and a fifty-two week high of $11.99. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.09 and a quick ratio of 1.84.

Star Equity (NASDAQ:STRR) last released its quarterly earnings data on Monday, May 11th. The company reported ($0.99) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($1.04). The firm had revenue of $50.06 million for the quarter, compared to analyst estimates of $52.57 million. Star Equity had a negative return on equity of 4.04% and a negative net margin of 4.18%. Sell-side analysts anticipate that Star Equity Holdings, Inc. will post -0.43 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Institutional Trading of Star Equity

A number of institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC boosted its holdings in 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 purchasing an additional 2,200 shares during the period. North Star Investment Management Corp. bought a new stake in Star Equity in the 1st quarter valued at about $565,000. Manatuck Hill Partners LLC bought a new stake in Star Equity in the 4th quarter valued at about $358,000. Bridgeway Capital Management LLC bought a new stake in Star Equity in the 4th quarter valued at about $276,000. Finally, Rothschild Wealth LLC bought a new stake in Star Equity in the 4th quarter valued at about $746,000. 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.