Insider Buying: Star Equity (NASDAQ:STRR) CEO Purchases 8,265 Shares of Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein purchased 8,265 shares of the stock in a transaction dated Monday, November 17th. The shares were bought at an average price of $10.16 per share, for a total transaction of $83,972.40. Following the completion of the acquisition, the chief executive officer owned 690,012 shares in the company, valued at $7,010,521.92. This represents a 1.21% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Star Equity Price Performance

Shares of NASDAQ:STRR remained flat at $10.31 during midday trading on Wednesday. The company had a trading volume of 4,858 shares, compared to its average volume of 12,067. Star Equity Holdings, Inc. has a twelve month low of $8.26 and a twelve month high of $15.90. The stock’s 50-day moving average is $10.84 and its two-hundred day moving average is $5.38. The company has a market cap of $28.40 million, a P/E ratio of -7.93 and a beta of 0.42.

Star Equity (NASDAQ:STRR) last issued its earnings results on Thursday, November 13th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.30). Star Equity had a negative net margin of 2.81% and a negative return on equity of 3.81%. The firm had revenue of $47.96 million during the quarter, compared to analysts’ expectations of $45.68 million. On average, analysts anticipate that Star Equity Holdings, Inc. will post -1.2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on STRR shares. Maxim Group cut Star Equity from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Star Equity in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average 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.