Star Equity (NASDAQ:STRR) CEO Jeffrey Eberwein Purchases 9,709 Shares

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein purchased 9,709 shares of the stock in a transaction dated Monday, December 29th. The shares were bought at an average price of $11.25 per share, for a total transaction of $109,226.25. Following the completion of the acquisition, the chief executive officer owned 1,000,556 shares in the company, valued at $11,256,255. This represents a 0.98% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Star Equity Stock Up 3.2%

Shares of NASDAQ:STRR traded up $0.35 during midday trading on Monday, hitting $11.27. 21,401 shares of the stock were exchanged, compared to its average volume of 6,479. The business’s fifty day simple moving average is $10.57 and its two-hundred day simple moving average is $7.07. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.83 and a current ratio of 2.07. Star Equity Holdings, Inc. has a 52-week low of $8.26 and a 52-week high of $13.65. The company has a market capitalization of $38.75 million, a PE ratio of -7.13 and a beta of 0.49.

Star Equity (NASDAQ:STRR) last posted its quarterly earnings results on Thursday, November 13th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.30). The firm had revenue of $47.96 million for the quarter, compared to analysts’ expectations of $45.68 million. Star Equity had a negative return on equity of 2.33% and a negative net margin of 3.22%. As a group, research analysts predict that Star Equity Holdings, Inc. will post -1.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Zacks Research lowered Star Equity from a “hold” rating to a “strong sell” rating in a report on Thursday, November 20th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Star Equity in a report on Wednesday, October 8th. Finally, Litchfield Hills Research started coverage on shares of Star Equity in a research note on Tuesday, December 16th. They issued a “buy” rating and a $21.00 price objective for the company. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $13.00.

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.