Star Equity (NASDAQ:STRR) CEO Purchases $132,283.81 in Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein purchased 11,201 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was purchased at an average price of $11.81 per share, for a total transaction of $132,283.81. Following the completion of the transaction, the chief executive officer directly owned 1,075,981 shares in the company, valued at $12,707,335.61. This trade represents a 1.05% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Star Equity Stock Performance

Shares of NASDAQ:STRR opened at $11.55 on Thursday. The company has a market capitalization of $42.74 million, a price-to-earnings ratio of -4.39 and a beta of 0.49. The firm’s 50 day simple moving average is $10.08 and its 200 day simple moving average is $10.24. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.09 and a quick ratio of 1.84. Star Equity Holdings, Inc. has a fifty-two week low of $8.26 and a fifty-two week high of $11.99.

Star Equity (NASDAQ:STRR) last announced its quarterly earnings results on Monday, May 11th. The company reported ($0.99) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($1.04). The firm had revenue of $50.06 million during the quarter, compared to analyst estimates of $52.57 million. Star Equity had a negative net margin of 4.18% and a negative return on equity of 4.04%. As a group, sell-side analysts forecast that Star Equity Holdings, Inc. will post -0.43 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Mink Brook Asset Management LLC bought a new position in Star Equity in the fourth quarter valued at approximately $3,538,000. Renaissance Technologies LLC lifted its stake in Star Equity by 2.8% in the first quarter. Renaissance Technologies LLC now owns 80,926 shares of the company’s stock valued at $832,000 after buying an additional 2,200 shares in the last quarter. Rothschild Wealth LLC bought a new position in Star Equity in the fourth quarter valued at approximately $746,000. Dimensional Fund Advisors LP bought a new position in Star Equity in the fourth quarter valued at approximately $629,000. Finally, North Star Investment Management Corp. bought a new position in Star Equity in the first quarter valued at approximately $565,000. Institutional investors own 3.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Zacks Research downgraded shares of Star Equity from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 20th. Litchfield Hills Research raised their target price on shares of Star Equity from $21.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, March 23rd. Noble Financial raised shares of Star Equity to a “strong-buy” rating in a research note on Wednesday, March 4th. Finally, 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 equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Star Equity currently has a consensus rating of “Hold” and an average price target of $28.00.

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.