Star Equity (NASDAQ:STRR) Director Louis Parks Acquires 1,000 Shares

Star Equity Holdings, Inc. (NASDAQ:STRR) Director Louis Parks acquired 1,000 shares of the stock in a transaction dated Friday, May 29th. The shares were acquired at an average cost of $11.60 per share, with a total value of $11,600.00. Following the completion of the transaction, the director owned 15,813 shares in the company, valued at approximately $183,430.80. This represents a 6.75% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Star Equity Trading Down 0.9%

NASDAQ:STRR opened at $11.59 on Wednesday. The stock has a 50-day simple moving average of $10.00 and a 200-day simple moving average of $10.22. The stock has a market cap of $42.88 million, a P/E ratio of -4.41 and a beta of 0.49. Star Equity Holdings, Inc. has a 1 year low of $8.26 and a 1 year high of $11.99. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.84 and a current ratio of 2.09.

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

Hedge Funds Weigh In On Star Equity

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Heartland Advisors Inc. acquired a new position in Star Equity during the 4th quarter worth approximately $140,000. DRW Securities LLC acquired a new position in Star Equity during the 4th quarter worth approximately $268,000. Bridgeway Capital Management LLC acquired a new position in Star Equity during the 4th quarter worth approximately $276,000. RBF Capital LLC acquired a new position in Star Equity during the 4th quarter worth approximately $316,000. Finally, Geode Capital Management LLC acquired a new position in Star Equity during the 4th quarter worth approximately $352,000. Institutional investors and hedge funds own 3.84% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Noble Financial raised Star Equity to a “strong-buy” rating in a report on Wednesday, March 4th. Weiss Ratings downgraded Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 20th. Zacks Research downgraded Star Equity from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 20th. Finally, Litchfield Hills Research boosted their target price on Star Equity from $21.00 to $28.00 and gave the company a “buy” rating in a report on Monday, March 23rd. One 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 given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $28.00.

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.