Jeffrey Eberwein Buys 10,000 Shares of Star Equity (NASDAQ:STRR) Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein purchased 10,000 shares of the stock in a transaction on Monday, June 8th. The shares were purchased at an average price of $11.45 per share, with a total value of $114,500.00. Following the acquisition, the chief executive officer owned 1,100,981 shares in the company, valued at approximately $12,606,232.45. The trade was a 0.92% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Star Equity Stock Performance

Shares of STRR stock opened at $11.66 on Thursday. The company has a market cap of $43.14 million, a price-to-earnings ratio of -4.43 and a beta of 0.49. Star Equity Holdings, Inc. has a 52 week low of $8.26 and a 52 week high of $11.99. 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 firm has a 50 day moving average of $10.20 and a 200-day moving average of $10.28.

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on STRR. Litchfield Hills Research raised their price objective 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. Noble Financial raised shares of Star Equity to a “strong-buy” rating in a research report on Wednesday, March 4th. Weiss Ratings downgraded shares of Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 20th. Finally, Zacks Research downgraded shares of Star Equity from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 20th. One investment 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 assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $28.00.

Institutional Trading of Star Equity

Several hedge funds have recently bought and sold shares of STRR. Geode Capital Management LLC acquired a new stake in Star Equity in the 4th quarter valued at $352,000. Heartland Advisors Inc. bought a new stake in shares of Star Equity during the 4th quarter worth $140,000. Dimensional Fund Advisors LP bought a new stake in shares of Star Equity during the 4th quarter worth $629,000. Renaissance Technologies LLC bought a new stake in shares of Star Equity during the 4th quarter worth $886,000. Finally, DRW Securities LLC bought a new stake in shares of Star Equity during the 4th quarter worth $268,000. Institutional investors and hedge funds own 3.84% of the company’s stock.

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.