Insider Buying: Star Equity (NASDAQ:STRR) CEO Buys 1,430 Shares of Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein purchased 1,430 shares of the stock in a transaction dated Thursday, June 4th. The shares were bought at an average cost of $11.51 per share, for a total transaction of $16,459.30. Following the completion of the purchase, the chief executive officer owned 1,087,538 shares in the company, valued at approximately $12,517,562.38. This trade represents a 0.13% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Star Equity Price Performance

Shares of NASDAQ:STRR traded down $0.08 on Thursday, reaching $11.48. 7,645 shares of the company were exchanged, compared to its average volume of 7,826. The firm has a market cap of $42.46 million, a price-to-earnings ratio of -4.36 and a beta of 0.49. Star Equity Holdings, Inc. has a 1-year low of $8.26 and a 1-year high of $11.99. The company has a 50-day moving average of $10.08 and a 200-day moving average of $10.24. 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 issued its quarterly earnings data on Monday, May 11th. The company reported ($0.99) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($1.04). The business had revenue of $50.06 million during the quarter, compared to analyst estimates of $52.57 million. Star Equity had a negative net margin of 4.18% and a negative return on equity of 4.04%. Equities analysts forecast that Star Equity Holdings, Inc. will post -0.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Star Equity

Several hedge funds have recently modified their holdings of STRR. Geode Capital Management LLC acquired a new stake in shares of Star Equity during the 4th quarter worth about $352,000. Heartland Advisors Inc. acquired a new stake in shares of Star Equity during the 4th quarter worth about $140,000. Dimensional Fund Advisors LP acquired a new stake in shares of Star Equity during the 4th quarter worth about $629,000. Renaissance Technologies LLC acquired a new stake in shares of Star Equity during the 4th quarter worth about $886,000. Finally, DRW Securities LLC acquired a new stake in shares of Star Equity during the 4th quarter worth about $268,000. 3.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on STRR. Zacks Research cut shares of Star Equity from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 20th. Litchfield Hills Research increased their price objective on shares of Star Equity from $21.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, March 23rd. Noble Financial raised shares of Star Equity to a “strong-buy” rating in a research note on Wednesday, March 4th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $28.00.

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.