Jeffrey Eberwein Acquires 4,766 Shares of Star Equity (NASDAQ:STRR) Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein purchased 4,766 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was acquired at an average cost of $11.16 per share, for a total transaction of $53,188.56. Following the transaction, the chief executive officer owned 1,115,714 shares in the company, valued at $12,451,368.24. This represents a 0.43% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Star Equity Stock Down 2.0%

STRR stock traded down $0.23 during mid-day trading on Tuesday, reaching $11.02. 1,016 shares of the company traded hands, compared to its average volume of 8,304. The company has a quick ratio of 1.84, a current ratio of 2.09 and a debt-to-equity ratio of 0.09. The firm’s 50 day moving average price is $10.44 and its 200 day moving average price is $10.34. The stock has a market cap of $40.77 million, a price-to-earnings ratio of -4.19 and a beta of 0.49. Star Equity Holdings, Inc. has a fifty-two week low of $8.26 and a fifty-two week high of $11.99.

Star Equity (NASDAQ:STRR) last issued its quarterly earnings data 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 company had revenue of $50.06 million during the quarter, compared to analysts’ expectations of $52.57 million. As a group, equities research analysts predict that Star Equity Holdings, Inc. will post -0.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Zacks Research lowered Star Equity from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 20th. Litchfield Hills Research lifted their price objective 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. 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. Finally, Noble Financial upgraded shares of 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 issued a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $28.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC grew its stake in 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 during the period. North Star Investment Management Corp. bought a new stake in shares of Star Equity during the 1st quarter worth $565,000. Manatuck Hill Partners LLC purchased a new position in shares of Star Equity in the 4th quarter worth about $358,000. Bridgeway Capital Management LLC purchased a new position in shares of Star Equity in the 4th quarter worth about $276,000. Finally, Rothschild Wealth LLC bought a new position in Star Equity during the fourth quarter valued at about $746,000. Hedge funds and other institutional investors 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.