Star Equity (NASDAQ:STRR) CEO Jeffrey Eberwein Acquires 10,217 Shares of Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein acquired 10,217 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was acquired at an average price of $10.42 per share, with a total value of $106,461.14. Following the completion of the transaction, the chief executive officer directly owned 700,229 shares of the company’s stock, valued at approximately $7,296,386.18. This represents a 1.48% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Star Equity Stock Performance

Star Equity stock traded up $0.09 during trading on Thursday, reaching $10.40. The company had a trading volume of 4,858 shares, compared to its average volume of 12,067. The firm has a market capitalization of $35.73 million, a PE ratio of -8.00 and a beta of 0.42. The firm’s 50-day simple moving average is $10.85 and its 200 day simple moving average is $5.41. Star Equity Holdings, Inc. has a 1-year low of $8.26 and a 1-year high of $15.90.

Star Equity (NASDAQ:STRR) last posted its quarterly earnings data on Thursday, November 13th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.30). The company had revenue of $47.96 million for the quarter, compared to analyst estimates of $45.68 million. Star Equity had a negative return on equity of 3.81% and a negative net margin of 2.81%. Analysts anticipate that Star Equity Holdings, Inc. will post -1.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on STRR shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Star Equity in a research report on Wednesday, October 8th. Maxim Group cut shares of Star Equity from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Star Equity presently has an average rating of “Reduce” and a consensus price target of $5.00.

About Star Equity

Star Equity Holdings, Inc engages in the construction business in the United States and internationally. It operates through two segments: Construction, and Investments. It manufactures modular housing units, structural wall panels, permanent wood foundation systems, and other engineered wood products; supplies general contractors with building materials; holds real estate assets; and manages investments.