Star Equity (NASDAQ:STRR) CEO Jeffrey Eberwein Purchases 3,663 Shares

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein bought 3,663 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The stock was acquired at an average price of $11.61 per share, for a total transaction of $42,527.43. Following the transaction, the chief executive officer owned 1,079,644 shares in the company, valued at $12,534,666.84. This trade represents a 0.34% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Star Equity Price Performance

Shares of Star Equity stock opened at $11.70 on Tuesday. The firm has a market cap of $43.29 million, a PE ratio of -4.45 and a beta of 0.49. Star Equity Holdings, Inc. has a 12-month low of $8.26 and a 12-month high of $11.99. The company has a quick ratio of 1.84, a current ratio of 2.09 and a debt-to-equity ratio of 0.09. The company’s fifty day simple moving average is $10.00 and its two-hundred day simple moving average is $10.22.

Star Equity (NASDAQ:STRR) last announced 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 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 the consensus estimate of $52.57 million. As a group, equities analysts expect that Star Equity Holdings, Inc. will post -0.43 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Bridgeway Capital Management LLC purchased a new stake in Star Equity during the fourth quarter valued at approximately $276,000. Geode Capital Management LLC purchased a new stake in Star Equity during the fourth quarter valued at approximately $352,000. Rothschild Wealth LLC purchased a new stake in Star Equity during the fourth quarter valued at approximately $746,000. North Star Investment Management Corp. purchased a new stake in Star Equity during the first quarter valued at approximately $565,000. Finally, Renaissance Technologies LLC increased its holdings in Star Equity by 2.8% during the first quarter. Renaissance Technologies LLC now owns 80,926 shares of the company’s stock valued at $832,000 after buying an additional 2,200 shares during the last quarter. 3.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on STRR. Noble Financial raised shares of Star Equity to a “strong-buy” rating in a report on Wednesday, March 4th. Zacks Research cut shares of Star Equity from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 20th. Litchfield Hills Research lifted their target price on shares of Star Equity from $21.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, March 23rd. Finally, Weiss Ratings cut shares of Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 20th. One 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 given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus 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.