Insider Buying: Star Equity (NASDAQ:STRR) CEO Acquires 1,884 Shares of Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein acquired 1,884 shares of the stock in a transaction on Wednesday, June 10th. The stock was bought at an average price of $10.89 per share, with a total value of $20,516.76. Following the transaction, the chief executive officer directly owned 1,105,714 shares in the company, valued at approximately $12,041,225.46. This represents a 0.17% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Star Equity Price Performance

STRR traded down $0.30 during midday trading on Friday, hitting $11.04. The company had a trading volume of 4,204 shares, compared to its average volume of 10,611. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.84 and a current ratio of 2.09. The company has a market capitalization of $40.85 million, a PE ratio of -4.20 and a beta of 0.49. Star Equity Holdings, Inc. has a twelve month low of $8.26 and a twelve month high of $11.99. The firm’s 50-day simple moving average is $10.25 and its 200-day simple moving average is $10.29.

Star Equity (NASDAQ:STRR) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.99) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($1.04). The company 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 research analysts predict that Star Equity Holdings, Inc. will post -0.43 EPS for the current fiscal year.

Institutional Investors Weigh In On Star Equity

Institutional investors have recently modified their holdings of the business. Heartland Advisors Inc. acquired a new stake in shares of Star Equity during the 4th quarter worth approximately $140,000. DRW Securities LLC acquired a new stake in shares of Star Equity during the 4th quarter worth approximately $268,000. Bridgeway Capital Management LLC acquired a new stake in shares of Star Equity during the 4th quarter worth approximately $276,000. RBF Capital LLC acquired a new stake in shares of Star Equity during the 4th quarter worth approximately $316,000. Finally, Geode Capital Management LLC acquired a new stake in shares of Star Equity during the 4th quarter worth approximately $352,000. Institutional investors and hedge funds own 3.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on STRR shares. Litchfield Hills Research raised their price objective 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 cut shares of Star Equity from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 20th. Weiss Ratings cut 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 given a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Star Equity currently has a consensus rating of “Hold” and a consensus target price 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.