Jeffrey Eberwein Purchases 2,600 Shares of Star Equity (NASDAQ:STRR) Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein acquired 2,600 shares of the company’s stock in a transaction on Tuesday, September 30th. The stock was acquired at an average price of $11.20 per share, for a total transaction of $29,120.00. Following the completion of the purchase, the chief executive officer owned 681,747 shares of the company’s stock, valued at $7,635,566.40. This trade represents a 0.38% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Star Equity Stock Up 4.8%

Shares of Star Equity stock opened at $11.81 on Friday. Star Equity Holdings, Inc. has a 52-week low of $8.26 and a 52-week high of $16.09. The company’s 50-day simple moving average is $5.81 and its 200-day simple moving average is $3.39. The firm has a market cap of $32.60 million, a price-to-earnings ratio of -9.08 and a beta of 0.40.

Star Equity (NASDAQ:STRR) last issued its quarterly earnings results on Wednesday, August 13th. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $2.12. Star Equity had a negative net margin of 2.81% and a negative return on equity of 3.81%. The business had revenue of $23.71 million for the quarter, compared to analyst estimates of $16.75 million. Equities research analysts anticipate that Star Equity Holdings, Inc. will post -1.2 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on STRR. Maxim Group lowered shares of Star Equity from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Star Equity in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $5.00.

About Star Equity

Star Equity Holdings, Inc engages in the construction business in the United States and internationally. It operates through two segments: Construction, and Investments. It manufactures modular housing units, structural wall panels, permanent wood foundation systems, and other engineered wood products; supplies general contractors with building materials; holds real estate assets; and manages investments.