Star Equity (NASDAQ:STRR) CEO Jeffrey Eberwein Buys 2,414 Shares of Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein acquired 2,414 shares of Star Equity stock in a transaction dated Tuesday, May 26th. The shares were bought at an average cost of $11.51 per share, for a total transaction of $27,785.14. Following the completion of the purchase, the chief executive officer directly owned 1,062,492 shares of the company’s stock, valued at approximately $12,229,282.92. The trade was a 0.23% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Star Equity Stock Up 2.3%

Shares of NASDAQ:STRR opened at $11.81 on Thursday. The stock’s 50-day moving average price is $9.89 and its 200-day moving average price is $10.18. Star Equity Holdings, Inc. has a 12-month low of $8.26 and a 12-month high of $11.99. The stock has a market capitalization of $43.70 million, a P/E ratio of -4.49 and a beta of 0.43. The company has a current ratio of 2.09, a quick ratio of 1.84 and a debt-to-equity ratio of 0.09.

Star Equity (NASDAQ:STRR) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.99) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($1.04). Star Equity had a negative net margin of 4.18% and a negative return on equity of 4.04%. The company had revenue of $50.06 million for the quarter, compared to the consensus estimate of $52.57 million. On average, equities analysts anticipate that Star Equity Holdings, Inc. will post -0.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on STRR shares. Noble Financial raised Star Equity to a “strong-buy” rating in a research note on Wednesday, March 4th. Weiss Ratings cut Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 20th. Zacks Research cut Star Equity from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 20th. Finally, Litchfield Hills Research raised their target price on Star Equity from $21.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, March 23rd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $28.00.

Institutional Trading of Star Equity

Several large investors have recently bought and sold shares of STRR. Geode Capital Management LLC bought a new stake in Star Equity during the 4th quarter valued at approximately $352,000. Heartland Advisors Inc. bought a new stake in Star Equity during the 4th quarter valued at approximately $140,000. Dimensional Fund Advisors LP bought a new stake in Star Equity during the 4th quarter valued at approximately $629,000. Renaissance Technologies LLC bought a new stake in Star Equity during the 4th quarter valued at approximately $886,000. Finally, DRW Securities LLC bought a new stake in Star Equity during the 4th quarter valued at approximately $268,000. 3.84% of the stock is owned by 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.