Jeffrey Eberwein Buys 4,766 Shares of Star Equity (NASDAQ:STRR) Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein purchased 4,766 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The shares were purchased at an average cost of $11.16 per share, with a total value of $53,188.56. Following the completion of the acquisition, the chief executive officer directly owned 1,115,714 shares of the company’s stock, valued at $12,451,368.24. This represents a 0.43% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Star Equity Trading Up 0.8%

Shares of STRR stock opened at $11.11 on Thursday. The company has a market capitalization of $41.09 million, a price-to-earnings ratio of -4.22 and a beta of 0.49. The company has a current ratio of 2.09, a quick ratio of 1.84 and a debt-to-equity ratio of 0.09. The firm has a 50-day moving average price of $10.50 and a 200 day moving average price of $10.35. Star Equity Holdings, Inc. has a twelve month low of $8.26 and a twelve month high of $11.99.

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

Analysts Set New Price Targets

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

Institutional Trading of Star Equity

Several institutional investors have recently added to or reduced their stakes in the stock. Mink Brook Asset Management LLC bought a new position in Star Equity in the 4th quarter worth approximately $3,538,000. Renaissance Technologies LLC acquired a new position in Star Equity during the 4th quarter valued at about $886,000. Rothschild Wealth LLC acquired a new position in Star Equity during the 4th quarter valued at about $746,000. Dimensional Fund Advisors LP bought a new stake in shares of Star Equity during the 4th quarter worth about $629,000. Finally, North Star Investment Management Corp. acquired a new stake in shares of Star Equity in the 1st quarter worth approximately $565,000. 3.84% of the stock is owned by institutional investors and hedge funds.

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.