Star Equity (NASDAQ:STRR) CEO Acquires $39,628.93 in Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein acquired 3,443 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were bought at an average cost of $11.51 per share, for a total transaction of $39,628.93. Following the completion of the transaction, the chief executive officer directly owned 1,090,981 shares of the company’s stock, valued at $12,557,191.31. This represents a 0.32% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Star Equity Stock Performance

Shares of STRR opened at $11.34 on Friday. The company’s 50 day moving average price is $10.22 and its 200 day moving average price is $10.29. Star Equity Holdings, Inc. has a 52 week low of $8.26 and a 52 week high of $11.99. The company has a market capitalization of $41.96 million, a PE ratio of -4.31 and a beta of 0.49. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.84 and a current ratio of 2.09.

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

Institutional Trading of Star Equity

A number of institutional investors have recently added to or reduced their stakes in STRR. Geode Capital Management LLC acquired a new stake in Star Equity in the fourth quarter valued at approximately $352,000. Heartland Advisors Inc. acquired a new stake in Star Equity in the fourth quarter valued at approximately $140,000. Dimensional Fund Advisors LP acquired a new stake in Star Equity in the fourth quarter valued at approximately $629,000. Renaissance Technologies LLC acquired a new stake in shares of Star Equity in the fourth quarter worth $886,000. Finally, DRW Securities LLC acquired a new stake in shares of Star Equity in the fourth quarter worth $268,000. 3.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Litchfield Hills Research lifted their target price on shares of 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 shares of 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 note on Wednesday, May 20th. Finally, Zacks Research cut shares of Star Equity from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Star Equity has an average rating of “Hold” and an average target price of $28.00.

Star Equity Company Profile

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.