Star Equity (NASDAQ:STRR) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Star Equity (NASDAQ:STRR) from a strong sell rating to a hold rating in a report issued on Monday morning,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on STRR. Litchfield Hills Research assumed coverage on shares of Star Equity in a research report on Tuesday, December 16th. They set a “buy” rating and a $21.00 price target for the company. Noble Financial upgraded shares of Star Equity to a “strong-buy” rating in a report on Wednesday, March 4th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Star Equity in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $13.00.

Star Equity Stock Down 0.4%

Shares of NASDAQ:STRR opened at $9.91 on Monday. The business has a 50-day moving average price of $10.32 and a 200 day moving average price of $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. The company has a market capitalization of $34.07 million, a price-to-earnings ratio of -6.27 and a beta of 0.58. Star Equity has a 12-month low of $8.26 and a 12-month high of $11.99.

Insider Buying and Selling

In related news, CEO Jeffrey E. Eberwein sold 16,000 shares of the firm’s stock in a transaction dated Wednesday, December 24th. The stock was sold at an average price of $9.35, for a total transaction of $149,600.00. Following the completion of the transaction, the chief executive officer directly owned 794,217 shares in the company, valued at $7,425,928.95. This trade represents a 1.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, 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 company insiders.

Institutional Trading of Star Equity

Several hedge funds have recently made changes to their positions in STRR. Heartland Advisors Inc. purchased a new position in shares of Star Equity in the fourth quarter valued at approximately $140,000. DRW Securities LLC purchased a new stake in Star Equity during the 4th quarter worth approximately $268,000. Bridgeway Capital Management LLC purchased a new stake in Star Equity during the 4th quarter worth approximately $276,000. RBF Capital LLC acquired a new stake in Star Equity during the 4th quarter worth approximately $316,000. Finally, Geode Capital Management LLC acquired a new stake in Star Equity during the 4th quarter worth approximately $352,000. Institutional investors and hedge funds 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.