Jeffrey Eberwein Buys 5,291 Shares of Star Equity (NASDAQ:STRR) Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein bought 5,291 shares of the firm’s stock in a transaction that occurred on Tuesday, December 30th. The stock was acquired at an average price of $11.26 per share, for a total transaction of $59,576.66. Following the transaction, the chief executive officer owned 1,005,847 shares in the company, valued at $11,325,837.22. This trade represents a 0.53% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Star Equity Trading Up 4.8%

NASDAQ STRR traded up $0.52 during trading on Wednesday, hitting $11.25. 4,785 shares of the company’s stock traded hands, compared to its average volume of 11,794. The stock has a fifty day moving average of $10.56 and a two-hundred day moving average of $7.13. Star Equity Holdings, Inc. has a 12-month low of $8.26 and a 12-month high of $13.65. The firm has a market cap of $38.70 million, a P/E ratio of -7.12 and a beta of 0.49. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.07 and a quick ratio of 1.83.

Star Equity (NASDAQ:STRR) last released its quarterly earnings data on Thursday, November 13th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.30). The company had revenue of $47.96 million during the quarter, compared to analysts’ expectations of $45.68 million. Star Equity had a negative return on equity of 2.33% and a negative net margin of 3.22%. As a group, sell-side analysts expect that Star Equity Holdings, Inc. will post -1.2 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Litchfield Hills Research initiated coverage on Star Equity in a research note on Tuesday, December 16th. They set a “buy” rating and a $21.00 price objective for the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Star Equity in a report on Wednesday, October 8th. Finally, Zacks Research cut shares of Star Equity from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 20th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Star Equity presently has an average rating of “Reduce” and a consensus target price of $13.00.

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.