Star Equity (NASDAQ:STRR) CEO Purchases $31,994.27 in Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein bought 2,849 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were acquired at an average cost of $11.23 per share, with a total value of $31,994.27. Following the completion of the purchase, the chief executive officer owned 1,103,830 shares of the company’s stock, valued at approximately $12,396,010.90. The trade was a 0.26% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Star Equity Stock Down 2.7%

STRR stock opened at $11.34 on Friday. Star Equity Holdings, Inc. has a 12 month low of $8.26 and a 12 month high of $11.99. The firm has a market cap of $41.96 million, a PE ratio of -4.31 and a beta of 0.49. The firm has a 50 day simple moving average of $10.22 and a 200 day simple moving average of $10.29. 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 (NASDAQ:STRR) last released its earnings results on Monday, May 11th. The company reported ($0.99) EPS for the quarter, missing the consensus estimate of $0.05 by ($1.04). Star Equity had a negative net margin of 4.18% and a negative return on equity of 4.04%. The business had revenue of $50.06 million for the quarter, compared to analyst estimates of $52.57 million. Equities research analysts forecast that Star Equity Holdings, Inc. will post -0.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on STRR shares. 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. Zacks Research lowered shares of Star Equity from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 20th. Noble Financial raised shares of Star Equity to a “strong-buy” rating in a research note on Wednesday, March 4th. Finally, Litchfield Hills Research increased their target price on shares of Star Equity from $21.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, March 23rd. 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $28.00.

Institutional Investors Weigh In On Star Equity

Several hedge funds have recently made changes to their positions in STRR. Geode Capital Management LLC purchased a new stake in shares of Star Equity in the 4th quarter valued at approximately $352,000. Heartland Advisors Inc. purchased a new stake in shares of Star Equity in the 4th quarter valued at approximately $140,000. Dimensional Fund Advisors LP purchased a new stake in shares of Star Equity in the 4th quarter valued at approximately $629,000. Renaissance Technologies LLC purchased a new stake in shares of Star Equity in the 4th quarter valued at approximately $886,000. Finally, DRW Securities LLC purchased a new stake in shares of Star Equity in the 4th quarter valued at approximately $268,000. Hedge funds and other institutional investors own 3.84% of the company’s stock.

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.