Star Equity (NASDAQ:STRR) CEO Purchases $56,668.41 in Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein purchased 4,881 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were acquired at an average cost of $11.61 per share, with a total value of $56,668.41. Following the completion of the transaction, the chief executive officer owned 1,086,007 shares in the company, valued at $12,608,541.27. This trade represents a 0.45% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Star Equity Stock Down 0.6%

NASDAQ STRR traded down $0.08 during trading hours on Thursday, reaching $11.48. 7,645 shares of the company’s stock traded hands, compared to its average volume of 7,826. Star Equity Holdings, Inc. has a 52-week low of $8.26 and a 52-week high of $11.99. The firm has a market cap of $42.46 million, a PE ratio of -4.36 and a beta of 0.49. The firm has a 50-day simple moving average of $10.08 and a 200 day simple moving average of $10.24. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.09 and a quick ratio of 1.84.

Star Equity (NASDAQ:STRR) last issued its quarterly earnings results on Monday, May 11th. The company reported ($0.99) earnings per share (EPS) 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 business had revenue of $50.06 million for the quarter, compared to analysts’ expectations of $52.57 million. Sell-side analysts anticipate that Star Equity Holdings, Inc. will post -0.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Mink Brook Asset Management LLC purchased a new position in Star Equity in the fourth quarter worth about $3,538,000. Renaissance Technologies LLC purchased a new position in Star Equity in the fourth quarter worth about $886,000. Rothschild Wealth LLC purchased a new position in Star Equity in the fourth quarter worth about $746,000. Dimensional Fund Advisors LP bought a new stake in shares of Star Equity in the fourth quarter worth approximately $629,000. Finally, Geode Capital Management LLC bought a new stake in shares of Star Equity in the fourth quarter worth approximately $352,000. 3.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on STRR. Zacks Research cut shares of Star Equity from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 20th. Weiss Ratings cut shares of Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 20th. Noble Financial raised shares of Star Equity to a “strong-buy” rating in a report on Wednesday, March 4th. Finally, Litchfield Hills Research lifted 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. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $28.00.

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.