Insider Buying: Star Equity (NASDAQ:STRR) CEO Acquires $27,785.14 in Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein acquired 2,414 shares of the stock in a transaction dated Tuesday, May 26th. The shares were bought at an average cost of $11.51 per share, for a total transaction of $27,785.14. Following the completion of the transaction, the chief executive officer owned 1,062,492 shares in the company, valued at approximately $12,229,282.92. This represents a 0.23% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

Star Equity Stock Performance

Shares of STRR stock traded up $0.26 during trading hours on Wednesday, reaching $11.81. 6,463 shares of the company traded hands, compared to its average volume of 7,661. Star Equity Holdings, Inc. has a 12-month low of $8.26 and a 12-month high of $11.99. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.09 and a quick ratio of 1.84. The company has a market cap of $43.65 million, a P/E ratio of -4.49 and a beta of 0.43. The firm has a 50-day moving average price of $9.84 and a 200 day moving average price of $10.17.

Star Equity (NASDAQ:STRR) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.99) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($1.04). Star Equity had a negative net margin of 4.18% and a negative return on equity of 4.04%. The company had revenue of $50.06 million for the quarter, compared to analysts’ expectations of $52.57 million. As a group, sell-side analysts predict that Star Equity Holdings, Inc. will post -0.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

STRR has been the topic of several recent analyst reports. Litchfield Hills Research lifted their target price on Star Equity from $21.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, March 23rd. Noble Financial upgraded Star Equity to a “strong-buy” rating in a research note on Wednesday, March 4th. Weiss Ratings cut shares of Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 20th. Finally, Zacks Research downgraded shares of Star Equity from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 20th. 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 given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $28.00.

Institutional Investors Weigh In On Star Equity

A number of hedge funds have recently made changes to their positions in STRR. Geode Capital Management LLC purchased a new stake in shares of Star Equity in the fourth quarter worth about $352,000. Heartland Advisors Inc. purchased a new stake in shares of Star Equity in the fourth quarter worth about $140,000. Dimensional Fund Advisors LP purchased a new stake in shares of Star Equity in the fourth quarter worth about $629,000. Renaissance Technologies LLC purchased a new stake in shares of Star Equity in the fourth quarter worth about $886,000. Finally, DRW Securities LLC purchased a new stake in shares of Star Equity in the fourth quarter worth about $268,000. 3.84% of the stock is currently owned by hedge funds and other institutional investors.

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.