Star Equity (NASDAQ:STRR) CEO Sells $76,833.90 in Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein sold 7,722 shares of the stock in a transaction on Monday, March 30th. The stock was sold at an average price of $9.95, for a total transaction of $76,833.90. Following the sale, the chief executive officer directly owned 764,217 shares in the company, valued at $7,603,959.15. This trade represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Star Equity Stock Performance

Shares of NASDAQ:STRR traded up $0.31 during trading on Thursday, reaching $9.71. 1,433 shares of the company’s stock traded hands, compared to its average volume of 9,028. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.10 and a quick ratio of 1.86. The company has a 50 day moving average of $9.99 and a 200-day moving average of $10.51. Star Equity Holdings, Inc. has a 12 month low of $8.26 and a 12 month high of $11.99. The stock has a market capitalization of $36.01 million, a P/E ratio of -4.73 and a beta of 0.53.

Star Equity (NASDAQ:STRR) last issued its earnings results on Tuesday, March 17th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.23). The company had revenue of $56.79 million during the quarter, compared to analyst estimates of $59.08 million. Star Equity had a negative net margin of 3.44% and a negative return on equity of 1.17%. On average, equities analysts expect that Star Equity Holdings, Inc. will post -1.2 EPS for the current year.

Institutional Trading of Star Equity

A number of large investors have recently added to or reduced their stakes in the business. Manatuck Hill Partners LLC bought a new position in shares of Star Equity in the fourth quarter valued at $358,000. Bridgeway Capital Management LLC bought a new stake in shares of Star Equity during the 4th quarter worth $276,000. Rothschild Wealth LLC acquired a new position in shares of Star Equity in the 4th quarter worth $746,000. RBF Capital LLC acquired a new stake in shares of Star Equity during the fourth quarter worth $316,000. Finally, Mink Brook Asset Management LLC purchased a new stake in shares of Star Equity during the fourth quarter valued at $3,538,000. 3.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on STRR shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Star Equity in a report on Thursday, January 22nd. Zacks Research upgraded Star Equity from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Litchfield Hills Research upped their price objective on Star Equity from $21.00 to $28.00 and gave the company a “buy” rating in a report on Monday, March 23rd. Finally, Noble Financial raised 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 issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Star Equity currently has an average rating of “Hold” and an average target price of $16.50.

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.