Star Equity (NASDAQ:STRR) CEO Buys $39,628.93 in Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein purchased 3,443 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were bought at an average cost of $11.51 per share, with a total value of $39,628.93. Following the transaction, the chief executive officer directly owned 1,090,981 shares of the company’s stock, valued at approximately $12,557,191.31. This represents a 0.32% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Star Equity Stock Performance

STRR stock traded up $0.36 during mid-day trading on Tuesday, reaching $11.06. The company had a trading volume of 13,255 shares, compared to its average volume of 8,013. Star Equity Holdings, Inc. has a one year low of $8.26 and a one year high of $11.99. The stock’s 50-day simple moving average is $10.16 and its two-hundred day simple moving average is $10.26. The company has a quick ratio of 1.84, a current ratio of 2.09 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $40.92 million, a P/E ratio of -4.21 and a beta of 0.49.

Star Equity (NASDAQ:STRR) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.99) earnings per share 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. Research analysts anticipate that Star Equity Holdings, Inc. will post -0.43 EPS for the current year.

Analyst Ratings Changes

STRR has been the topic of a number of recent analyst reports. Weiss Ratings cut shares of Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 20th. Litchfield Hills Research boosted their price target on shares of Star Equity from $21.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, March 23rd. Zacks Research cut shares of Star Equity from a “hold” rating to a “strong sell” 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 equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $28.00.

Institutional Investors Weigh In On Star Equity

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC raised its position in 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 acquiring an additional 2,200 shares in the last quarter. Heartland Advisors Inc. purchased a new position in Star Equity in the 4th quarter worth about $140,000. DRW Securities LLC purchased a new position in Star Equity in the 4th quarter worth about $268,000. Bridgeway Capital Management LLC purchased a new position in Star Equity in the 4th quarter worth about $276,000. Finally, RBF Capital LLC purchased a new position in Star Equity in the 4th quarter worth about $316,000. 3.84% of the stock is currently 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.