Star Equity (NASDAQ:STRR) Raised to “Hold” at Zacks Research

Star Equity (NASDAQ:STRR) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

STRR has been the subject of several other reports. Litchfield Hills Research boosted their price objective on Star Equity from $21.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, March 23rd. Weiss Ratings lowered shares of 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, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $28.00.

Star Equity Stock Down 4.6%

NASDAQ STRR opened at $10.64 on Monday. The stock has a fifty day moving average of $11.08 and a 200-day moving average of $10.39. The stock has a market capitalization of $39.37 million, a P/E ratio of -4.05 and a beta of 0.51. Star Equity has a 52 week low of $8.38 and a 52 week high of $11.99. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.84 and a current ratio of 2.09.

Star Equity (NASDAQ:STRR) last issued 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). Star Equity had a negative net margin of 4.18% and a negative return on equity of 4.04%. The firm had revenue of $50.06 million for the quarter, compared to analyst estimates of $52.57 million. On average, equities research analysts forecast that Star Equity will post -0.43 EPS for the current year.

Insider Activity at Star Equity

In related news, CEO Jeffrey E. Eberwein acquired 4,766 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was acquired at an average price of $11.16 per share, for a total transaction of $53,188.56. Following the completion of the acquisition, the chief executive officer owned 1,115,714 shares of the company’s stock, valued at $12,451,368.24. This trade represents a 0.43% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders acquired 78,630 shares of company stock worth $880,724 over the last ninety days. 31.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Star Equity

Large investors have recently modified their holdings of the business. Heartland Advisors Inc. bought a new stake in Star Equity in the 4th quarter valued at $140,000. DRW Securities LLC bought a new stake in shares of Star Equity in the fourth quarter worth $268,000. Bridgeway Capital Management LLC acquired a new position in Star Equity during the fourth quarter worth $276,000. RBF Capital LLC bought a new position in Star Equity in the fourth quarter valued at $316,000. Finally, Geode Capital Management LLC acquired a new stake in Star Equity in the 4th quarter valued at $352,000. 3.84% of the stock is currently owned by institutional investors.

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.