Jeffrey Eberwein Acquires 10,000 Shares of Star Equity (NASDAQ:STRR) Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein acquired 10,000 shares of Star Equity stock in a transaction that occurred on Monday, June 8th. The shares were purchased at an average cost of $11.45 per share, for a total transaction of $114,500.00. Following the purchase, the chief executive officer directly owned 1,100,981 shares in the company, valued at $12,606,232.45. The trade was a 0.92% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Star Equity Trading Up 3.4%

Star Equity stock traded up $0.36 during midday trading on Tuesday, hitting $11.06. 13,243 shares of the stock were exchanged, compared to its average volume of 8,013. The company has a fifty day simple moving average of $10.16 and a two-hundred day simple moving average of $10.26. Star Equity Holdings, Inc. has a 52 week low of $8.26 and a 52 week high of $11.99. The stock has a market capitalization of $40.92 million, a PE ratio of -4.21 and a beta of 0.49. The company has a quick ratio of 1.84, a current ratio of 2.09 and a debt-to-equity ratio of 0.09.

Star Equity (NASDAQ:STRR) last released its quarterly earnings data on Monday, May 11th. The company reported ($0.99) earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $52.57 million. Equities research analysts anticipate that Star Equity Holdings, Inc. will post -0.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Heartland Advisors Inc. bought a new position in Star Equity in the fourth quarter valued at approximately $140,000. DRW Securities LLC acquired a new stake in shares of Star Equity in the fourth quarter valued at approximately $268,000. Bridgeway Capital Management LLC acquired a new stake in shares of Star Equity in the fourth quarter valued at approximately $276,000. RBF Capital LLC acquired a new stake in shares of Star Equity in the fourth quarter valued at approximately $316,000. Finally, Geode Capital Management LLC acquired a new stake in shares of Star Equity in the fourth quarter valued at approximately $352,000. Institutional investors own 3.84% of the company’s stock.

Analyst Upgrades and Downgrades

STRR has been the topic of several recent analyst reports. Noble Financial raised shares of Star Equity to a “strong-buy” rating in a research note on Wednesday, March 4th. Weiss Ratings lowered shares of Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 20th. Litchfield Hills Research lifted their price target 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. Finally, Zacks Research lowered shares of Star Equity from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 20th. 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus 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.