Jeffrey Eberwein Acquires 4,881 Shares of Star Equity (NASDAQ:STRR) Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein purchased 4,881 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was bought at an average cost of $11.61 per share, for a total transaction of $56,668.41. Following the acquisition, the chief executive officer directly owned 1,086,007 shares in the company, valued at $12,608,541.27. This trade represents a 0.45% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Star Equity Trading Down 3.0%

NASDAQ:STRR opened at $11.30 on Friday. The company has a current ratio of 2.09, a quick ratio of 1.84 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $41.81 million, a PE ratio of -4.30 and a beta of 0.49. The firm’s 50 day moving average is $10.15 and its 200 day moving average is $10.25. Star Equity Holdings, Inc. has a 12 month low of $8.26 and a 12 month high of $11.99.

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

Analysts Set New Price Targets

STRR has been the topic of a number of research reports. Litchfield Hills Research lifted their price target 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. Weiss Ratings cut shares of Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 20th. Noble Financial upgraded shares of Star Equity to a “strong-buy” rating in a research note on Wednesday, March 4th. Finally, Zacks Research lowered shares of Star Equity from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $28.00.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Heartland Advisors Inc. purchased a new position in shares of Star Equity during the 4th quarter valued at $140,000. DRW Securities LLC purchased a new position in shares of Star Equity during the 4th quarter valued at $268,000. Bridgeway Capital Management LLC purchased a new position in shares of Star Equity during the 4th quarter valued at $276,000. RBF Capital LLC purchased a new position in shares of Star Equity during the 4th quarter valued at $316,000. Finally, Geode Capital Management LLC purchased a new position in shares of Star Equity during the 4th quarter valued at $352,000. 3.84% of the stock is currently owned by hedge funds and other institutional investors.

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.