Star Equity (NASDAQ:STRR) Issues Quarterly Earnings Results, Misses Expectations By $0.08 EPS

Star Equity (NASDAQ:STRR) posted its quarterly earnings data on Friday. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08), FiscalAI reports. The company had revenue of $54.94 million for the quarter, compared to the consensus estimate of $56.92 million. Star Equity had a negative net margin of 4.18% and a negative return on equity of 4.04%.

Star Equity Price Performance

Shares of NASDAQ:STRR opened at $10.06 on Friday. The company has a quick ratio of 1.84, a current ratio of 2.09 and a debt-to-equity ratio of 0.09. Star Equity has a fifty-two week low of $8.38 and a fifty-two week high of $11.99. The firm has a 50-day simple moving average of $11.03 and a 200 day simple moving average of $10.40. The company has a market cap of $37.24 million, a PE ratio of -3.83 and a beta of 0.51.

Analyst Upgrades and Downgrades

STRR has been the subject of several research reports. Weiss Ratings lowered Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 20th. Zacks Research raised Star Equity from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $28.00.

Insiders Place Their Bets

In other Star Equity news, CEO Jeffrey E. Eberwein bought 4,766 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were purchased at an average price of $11.16 per share, with a total value of $53,188.56. Following the completion of the acquisition, the chief executive officer directly owned 1,115,714 shares of the company’s stock, valued at approximately $12,451,368.24. The trade was a 0.43% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have bought a total of 78,630 shares of company stock worth $880,724 in the last quarter. 31.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Star Equity

Institutional investors have recently made changes to their positions in the stock. Heartland Advisors Inc. acquired a new stake in shares of Star Equity during the 4th quarter worth approximately $140,000. DRW Securities LLC acquired a new position in Star Equity during the 4th quarter valued at approximately $268,000. Bridgeway Capital Management LLC bought a new position in Star Equity during the 4th quarter worth $276,000. RBF Capital LLC bought a new position in Star Equity during the 4th quarter worth $316,000. Finally, Geode Capital Management LLC bought a new position in Star Equity during the 4th quarter worth $352,000. 3.84% of the stock is owned by institutional investors.

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.