Insider Buying: Star Equity (NASDAQ:STRR) CEO Buys 4,881 Shares of Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein purchased 4,881 shares of Star Equity stock in a transaction dated Tuesday, June 2nd. The stock was bought at an average price of $11.61 per share, with a total value of $56,668.41. Following the completion of the purchase, the chief executive officer directly owned 1,086,007 shares of the company’s stock, valued at approximately $12,608,541.27. This trade represents a 0.45% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Star Equity Stock Performance

Shares of STRR stock traded down $0.08 during trading hours on Thursday, reaching $11.48. The company had a trading volume of 7,645 shares, compared to its average volume of 7,826. The business has a fifty day moving average price of $10.08 and a 200-day moving average price of $10.24. Star Equity Holdings, Inc. has a one year low of $8.26 and a one year high of $11.99. The firm has a market cap of $42.46 million, a PE ratio of -4.36 and a beta of 0.49. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.84 and a current ratio of 2.09.

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

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Star Equity

Hedge funds have recently modified their holdings of the company. Mink Brook Asset Management LLC bought a new position in shares of Star Equity in the fourth quarter worth approximately $3,538,000. Renaissance Technologies LLC boosted its position in shares of Star Equity by 2.8% in the first quarter. Renaissance Technologies LLC now owns 80,926 shares of the company’s stock worth $832,000 after purchasing an additional 2,200 shares during the period. Rothschild Wealth LLC bought a new position in shares of Star Equity in the fourth quarter worth approximately $746,000. Dimensional Fund Advisors LP bought a new position in shares of Star Equity in the fourth quarter worth approximately $629,000. Finally, North Star Investment Management Corp. bought a new position in shares of Star Equity in the first quarter worth approximately $565,000. 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.