Noble Financial Upgrades Star Equity (NASDAQ:STRR) to Strong-Buy

Star Equity (NASDAQ:STRR) was upgraded by investment analysts at Noble Financial to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

STRR has been the subject of several other research reports. Zacks Research cut shares of Star Equity from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 20th. Litchfield Hills Research began coverage on shares of Star Equity in a report on Tuesday, December 16th. They set a “buy” rating and a $21.00 price target for the company. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Star Equity in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $13.00.

Star Equity Price Performance

Star Equity stock opened at $9.93 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.07 and a quick ratio of 1.83. The business has a 50 day simple moving average of $10.40 and a 200-day simple moving average of $9.77. Star Equity has a 12 month low of $8.26 and a 12 month high of $11.99. The stock has a market capitalization of $34.16 million, a PE ratio of -6.28 and a beta of 0.58.

Insider Activity

In other news, CEO Jeffrey E. Eberwein sold 4,365 shares of the business’s stock in a transaction that occurred on Tuesday, December 30th. The stock was sold at an average price of $9.12, for a total transaction of $39,808.80. Following the sale, the chief executive officer owned 787,217 shares of the company’s stock, valued at $7,179,419.04. The trade was a 0.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders have purchased 16,977 shares of company stock worth $190,728 and have sold 23,000 shares worth $213,783. Insiders own 33.51% of the company’s stock.

Institutional Trading of Star Equity

A number of institutional investors have recently bought and sold shares of the company. Heartland Advisors Inc. acquired a new stake in Star Equity in the fourth quarter valued at $140,000. DRW Securities LLC purchased a new stake in shares of Star Equity in the 4th quarter worth about $268,000. Bridgeway Capital Management LLC acquired a new stake in Star Equity in the 4th quarter valued at about $276,000. RBF Capital LLC purchased a new position in Star Equity during the 4th quarter valued at about $316,000. Finally, Geode Capital Management LLC purchased a new position in Star Equity during the 4th quarter valued at about $352,000. 3.84% of the stock is currently owned by hedge funds and other institutional investors.

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.