Star Equity (NASDAQ:STRR) Releases Quarterly Earnings Results, Misses Estimates By $1.04 EPS

Star Equity (NASDAQ:STRR) posted its earnings results on Monday. The company reported ($0.99) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($1.04), Zacks reports. The business had revenue of $50.06 million during the quarter, compared to analysts’ expectations of $52.57 million. Star Equity had a negative return on equity of 4.09% and a negative net margin of 4.18%.

Star Equity Price Performance

Star Equity stock traded down $0.11 during mid-day trading on Wednesday, hitting $9.67. 190 shares of the company traded hands, compared to its average volume of 7,615. Star Equity has a one year low of $8.26 and a one year high of $11.99. The stock has a market cap of $35.86 million, a price-to-earnings ratio of -3.67 and a beta of 0.43. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.86 and a current ratio of 2.10. The stock has a fifty day moving average price of $9.72 and a 200-day moving average price of $10.20.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on STRR shares. Litchfield Hills Research lifted their target price on shares of Star Equity from $21.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, March 23rd. Noble Financial upgraded shares of Star Equity to a “strong-buy” rating in a research note on Wednesday, March 4th. Zacks Research upgraded shares of Star Equity from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Finally, Weiss Ratings upgraded shares of Star Equity from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Star Equity currently has an average rating of “Hold” and an average target price of $16.50.

Insider Transactions at Star Equity

In other Star Equity news, CEO Jeffrey E. Eberwein sold 7,722 shares of Star Equity stock in a transaction that occurred on Monday, March 30th. The shares were sold at an average price of $9.95, for a total transaction of $76,833.90. Following the completion of the sale, the chief executive officer directly owned 764,217 shares in the company, valued at $7,603,959.15. The trade was a 1.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last three months, insiders have purchased 4,227 shares of company stock worth $42,248 and have sold 23,000 shares worth $229,020. 10.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Star Equity

Several hedge funds have recently bought and sold shares of STRR. Geode Capital Management LLC bought a new stake in Star Equity during the fourth quarter valued at approximately $352,000. Heartland Advisors Inc. bought a new stake in Star Equity during the fourth quarter valued at approximately $140,000. Dimensional Fund Advisors LP bought a new stake in Star Equity during the fourth quarter valued at approximately $629,000. Renaissance Technologies LLC bought a new stake in Star Equity during the fourth quarter valued at approximately $886,000. Finally, DRW Securities LLC bought a new stake in Star Equity during the fourth quarter valued at approximately $268,000. 3.84% of the stock is currently owned by institutional investors.

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.