Jeffrey Eberwein Purchases 4,994 Shares of Star Equity (NASDAQ:STRR) Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein purchased 4,994 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were purchased at an average price of $11.21 per share, for a total transaction of $55,982.74. Following the completion of the purchase, the chief executive officer directly owned 1,110,714 shares of the company’s stock, valued at $12,451,103.94. This represents a 0.45% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

Star Equity Trading Up 3.0%

Shares of NASDAQ STRR opened at $11.41 on Friday. Star Equity Holdings, Inc. has a twelve month low of $8.26 and a twelve month high of $11.99. 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 fifty day simple moving average of $10.37 and a 200-day simple moving average of $10.32. The stock has a market capitalization of $42.22 million, a PE ratio of -4.34 and a beta of 0.49.

Star Equity (NASDAQ:STRR) last posted its earnings results 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 firm had revenue of $50.06 million for the quarter, compared to analyst estimates of $52.57 million. On average, equities analysts forecast that Star Equity Holdings, Inc. will post -0.43 earnings per share for the current year.

Analyst Ratings Changes

STRR has been the subject of several recent research reports. 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. Litchfield Hills Research increased their target price 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. Noble Financial raised shares of Star Equity to a “strong-buy” rating in a research report on Wednesday, March 4th. Finally, Zacks Research downgraded shares of Star Equity from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $28.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its holdings in shares of Star Equity by 2.8% in the 1st quarter. Renaissance Technologies LLC now owns 80,926 shares of the company’s stock valued at $832,000 after purchasing an additional 2,200 shares in the last quarter. Heartland Advisors Inc. purchased a new position in Star Equity in the fourth quarter valued at $140,000. DRW Securities LLC purchased a new position in Star Equity in the fourth quarter valued at $268,000. Bridgeway Capital Management LLC acquired a new stake in Star Equity in the fourth quarter valued at $276,000. Finally, RBF Capital LLC acquired a new stake in Star Equity in the fourth quarter valued at $316,000. Institutional investors and hedge funds own 3.84% of the company’s stock.

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.