Star Equity (NASDAQ:STRR) CEO Jeffrey Eberwein Purchases 1,884 Shares

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein acquired 1,884 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was acquired at an average price of $10.89 per share, with a total value of $20,516.76. Following the completion of the transaction, the chief executive officer directly owned 1,105,714 shares of the company’s stock, valued at approximately $12,041,225.46. This represents a 0.17% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Star Equity Stock Down 2.6%

Star Equity stock opened at $11.04 on Friday. 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 12 month low of $8.26 and a 12 month high of $11.99. The stock has a market capitalization of $40.85 million, a PE ratio of -4.20 and a beta of 0.49. The business has a 50 day simple moving average of $10.25 and a 200-day simple moving average of $10.29.

Star Equity (NASDAQ:STRR) last issued its quarterly 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 return on equity of 4.04% and a negative net margin of 4.18%.The firm had revenue of $50.06 million for the quarter, compared to analysts’ expectations of $52.57 million. On average, analysts anticipate that Star Equity Holdings, Inc. will post -0.43 EPS for the current fiscal year.

Hedge Funds Weigh In On Star Equity

Several hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC lifted its stake in Star Equity by 2.8% during the 1st quarter. Renaissance Technologies LLC now owns 80,926 shares of the company’s stock worth $832,000 after acquiring an additional 2,200 shares in the last quarter. Heartland Advisors Inc. acquired a new position in Star Equity during the 4th quarter worth about $140,000. DRW Securities LLC acquired a new position in Star Equity during the 4th quarter worth about $268,000. Bridgeway Capital Management LLC acquired a new position in Star Equity during the 4th quarter worth about $276,000. Finally, RBF Capital LLC acquired a new position in Star Equity during the 4th quarter worth about $316,000. Institutional investors and hedge funds own 3.84% of the company’s stock.

Analyst Upgrades and Downgrades

STRR has been the subject of several research reports. Weiss Ratings cut 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. 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 research note on Monday, March 23rd. Finally, Noble Financial upgraded Star Equity to a “strong-buy” rating in a report on Wednesday, March 4th. 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price 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.