Insider Buying: Star Equity (NASDAQ:STRR) CEO Acquires $56,550.00 in Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein bought 5,000 shares of the stock in a transaction that occurred on Monday, September 29th. The stock was bought at an average price of $11.31 per share, with a total value of $56,550.00. Following the completion of the acquisition, the chief executive officer owned 679,147 shares of the company’s stock, valued at $7,681,152.57. This trade represents a 0.74% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Star Equity Stock Performance

Star Equity stock opened at $11.81 on Friday. Star Equity Holdings, Inc. has a 1 year low of $8.26 and a 1 year high of $16.09. The firm has a 50 day moving average price of $5.81 and a 200 day moving average price of $3.39. The company has a market cap of $32.60 million, a price-to-earnings ratio of -9.08 and a beta of 0.40.

Star Equity (NASDAQ:STRR) last announced its quarterly earnings results on Wednesday, August 13th. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $2.12. The firm had revenue of $23.71 million for the quarter, compared to analysts’ expectations of $16.75 million. Star Equity had a negative net margin of 2.81% and a negative return on equity of 3.81%. Sell-side analysts predict that Star Equity Holdings, Inc. will post -1.2 EPS for the current year.

Analyst Ratings Changes

STRR has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Star Equity in a research report on Saturday, September 27th. Maxim Group cut shares of Star Equity from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $5.00.

About Star Equity

Star Equity Holdings, Inc engages in the construction business in the United States and internationally. It operates through two segments: Construction, and Investments. It manufactures modular housing units, structural wall panels, permanent wood foundation systems, and other engineered wood products; supplies general contractors with building materials; holds real estate assets; and manages investments.