North Star Investment Management Corp. Takes Position in Star Equity Holdings, Inc. $STRR

North Star Investment Management Corp. bought a new position in shares of Star Equity Holdings, Inc. (NASDAQ:STRR) in the first quarter, HoldingsChannel reports. The firm bought 55,000 shares of the company’s stock, valued at approximately $565,000.

Other hedge funds have also recently bought and sold shares of the company. Manatuck Hill Partners LLC acquired a new position in shares of Star Equity in the fourth quarter valued at approximately $358,000. Bridgeway Capital Management LLC acquired a new stake in shares of Star Equity during the fourth quarter worth $276,000. Rothschild Wealth LLC bought a new stake in Star Equity in the 4th quarter valued at $746,000. RBF Capital LLC acquired a new position in Star Equity in the 4th quarter worth $316,000. Finally, Mink Brook Asset Management LLC acquired a new position in Star Equity in the 4th quarter worth $3,538,000. 3.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on STRR. Weiss Ratings downgraded Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 20th. Zacks Research cut Star Equity from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 20th. Noble Financial upgraded Star Equity to a “strong-buy” rating in a report on Wednesday, March 4th. Finally, 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 report on Monday, March 23rd. One investment 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 assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $28.00.

Star Equity Stock Performance

STRR opened at $10.66 on Wednesday. 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 business has a fifty day simple moving average of $10.59 and a 200 day simple moving average of $10.36. Star Equity Holdings, Inc. has a 1 year low of $8.26 and a 1 year high of $11.99. The company has a market capitalization of $39.44 million, a PE ratio of -4.05 and a beta of 0.49.

Star Equity (NASDAQ:STRR) last posted its earnings results 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 return on equity of 4.04% and a negative net margin of 4.18%.The firm had revenue of $50.06 million for the quarter, compared to analyst estimates of $52.57 million. Research analysts expect that Star Equity Holdings, Inc. will post -0.43 EPS for the current year.

Insider Activity

In other Star Equity news, CEO Jeffrey E. Eberwein acquired 13,799 shares of Star Equity stock in a transaction dated Tuesday, May 19th. The stock was purchased at an average cost of $10.09 per share, for a total transaction of $139,231.91. Following the completion of the acquisition, the chief executive officer directly owned 1,054,780 shares of the company’s stock, valued at $10,642,730.20. This represents a 1.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders acquired 78,630 shares of company stock valued at $880,724. 31.60% of the stock is owned by company insiders.

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.