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

Star Equity (NASDAQ:STRR) was upgraded by equities researchers 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. Weiss Ratings reissued a “sell (e+)” rating on shares of Star Equity in a report on Thursday, January 22nd. Litchfield Hills Research assumed coverage on Star Equity in a research report on Tuesday, December 16th. They set a “buy” rating and a $21.00 price objective for the company. Finally, Noble Financial upgraded shares of Star Equity to a “strong-buy” rating in a research note on Wednesday, March 4th. One equities research 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, Star Equity has a consensus rating of “Hold” and a consensus target price of $13.00.

Star Equity Stock Down 0.4%

STRR stock opened at $9.91 on Monday. The company’s 50 day moving average price is $10.32 and its 200 day moving average price is $10.04. The firm has a market capitalization of $34.07 million, a price-to-earnings ratio of -6.27 and a beta of 0.58. Star Equity has a fifty-two week low of $8.26 and a fifty-two week high of $11.99. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.83 and a current ratio of 2.07.

Insider Transactions at Star Equity

In other Star Equity news, CEO Jeffrey E. Eberwein sold 16,000 shares of the business’s stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of $9.35, for a total transaction of $149,600.00. Following the sale, the chief executive officer directly owned 794,217 shares in the company, valued at approximately $7,425,928.95. The trade was a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders acquired 16,977 shares of company stock worth $190,728 and sold 23,000 shares worth $213,783. Corporate insiders own 10.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Mink Brook Asset Management LLC purchased a new stake in shares of Star Equity in the 4th quarter worth about $3,538,000. Renaissance Technologies LLC purchased a new stake in shares of Star Equity in the fourth quarter valued at about $886,000. Rothschild Wealth LLC acquired a new stake in shares of Star Equity in the fourth quarter valued at approximately $746,000. Dimensional Fund Advisors LP acquired a new stake in shares of Star Equity in the fourth quarter valued at approximately $629,000. Finally, Manatuck Hill Partners LLC purchased a new position in shares of Star Equity during the 4th quarter worth approximately $358,000. Institutional investors and hedge funds own 3.84% of the company’s stock.

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.