Insider Buying: Star Equity (NASDAQ:STRR) CEO Purchases $55,982.74 in Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein bought 4,994 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were acquired at an average cost of $11.21 per share, for a total transaction of $55,982.74. Following the completion of the acquisition, the chief executive officer directly owned 1,110,714 shares of the company’s stock, valued at $12,451,103.94. This trade represents a 0.45% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Star Equity Stock Performance

Star Equity stock opened at $11.41 on Friday. Star Equity Holdings, Inc. has a 1 year low of $8.26 and a 1 year high of $11.99. The firm’s 50-day moving average is $10.41 and its 200-day moving average is $10.33. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.84 and a current ratio of 2.09. The company has a market cap of $42.22 million, a P/E ratio of -4.34 and a beta of 0.49.

Star Equity (NASDAQ:STRR) last announced 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). The business had revenue of $50.06 million for the quarter, compared to the consensus estimate of $52.57 million. Star Equity had a negative net margin of 4.18% and a negative return on equity of 4.04%. On average, equities analysts expect that Star Equity Holdings, Inc. will post -0.43 earnings per share for the current year.

Hedge Funds Weigh In On Star Equity

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC grew its holdings in Star Equity by 2.8% in the 1st quarter. Renaissance Technologies LLC now owns 80,926 shares of the company’s stock worth $832,000 after buying an additional 2,200 shares in the last quarter. North Star Investment Management Corp. acquired a new position in Star Equity during the 1st quarter worth $565,000. Manatuck Hill Partners LLC acquired a new position in Star Equity during the 4th quarter worth $358,000. Bridgeway Capital Management LLC bought a new position in shares of Star Equity in the fourth quarter worth $276,000. Finally, Rothschild Wealth LLC acquired a new position in shares of Star Equity during the fourth quarter valued at $746,000. 3.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

STRR has been the topic of a number of research reports. Weiss Ratings cut Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 20th. Zacks Research lowered 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 research note on Wednesday, March 4th. Finally, Litchfield Hills Research increased their target price on Star Equity from $21.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.