Star Equity Holdings, Inc. to Post Q1 2023 Earnings of $0.04 Per Share, Litchfield Hills Research Forecasts (NASDAQ:STRR)

Star Equity Holdings, Inc. (NASDAQ:STRRGet Rating) – Analysts at Litchfield Hills Research boosted their Q1 2023 EPS estimates for shares of Star Equity in a research note issued to investors on Wednesday, November 23rd. Litchfield Hills Research analyst T. O�Neill now expects that the company will post earnings of $0.04 per share for the quarter, up from their prior forecast of $0.03. Litchfield Hills Research has a “Buy” rating on the stock. The consensus estimate for Star Equity’s current full-year earnings is $0.02 per share. Litchfield Hills Research also issued estimates for Star Equity’s Q3 2023 earnings at $0.04 EPS.

Star Equity Stock Performance

NASDAQ:STRR opened at $0.97 on Thursday. The firm’s 50-day moving average is $1.00 and its 200-day moving average is $0.98. Star Equity has a 52-week low of $0.72 and a 52-week high of $3.10. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.91 and a current ratio of 1.32. The company has a market cap of $14.68 million, a price-to-earnings ratio of -0.63 and a beta of 0.50.

Institutional Trading of Star Equity

A number of institutional investors and hedge funds have recently added to or reduced their stakes in STRR. Virtu Financial LLC grew its stake in Star Equity by 239.7% during the first quarter. Virtu Financial LLC now owns 44,900 shares of the company’s stock worth $51,000 after buying an additional 31,684 shares during the last quarter. Vanguard Group Inc. grew its stake in Star Equity by 149.4% during the third quarter. Vanguard Group Inc. now owns 57,481 shares of the company’s stock worth $57,000 after buying an additional 34,431 shares during the last quarter. Finally, Millennium Management LLC grew its stake in Star Equity by 228.6% during the second quarter. Millennium Management LLC now owns 133,831 shares of the company’s stock worth $124,000 after buying an additional 93,102 shares during the last quarter. Institutional investors own 27.85% of the company’s stock.

Insider Activity at Star Equity

In related news, Chairman Jeffrey E. Eberwein sold 6,004 shares of the company’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $9.89, for a total value of $59,379.56. Following the sale, the chairman now owns 1,246,757 shares of the company’s stock, valued at $12,330,426.73. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have acquired a total of 156,739 shares of company stock valued at $152,874 over the last quarter. 21.93% of the stock is owned by company insiders.

About Star Equity

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Star Equity Holdings, Inc provides healthcare solutions in the United States and internationally. It operates through four segments: Diagnostic Services, Diagnostic Imaging, Construction, and Investments. It offers imaging services primarily to cardiologists, internal medicine physicians, and family practice doctors; and imaging systems, including nuclear cardiac and general purpose nuclear imaging systems to physician offices and hospitals.

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Earnings History and Estimates for Star Equity (NASDAQ:STRR)

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