Star Equity (NASDAQ:STRR) Posts Earnings Results, Misses Estimates By $1.04 EPS

Star Equity (NASDAQ:STRR) posted its earnings results on Monday. The company reported ($0.99) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($1.04), Zacks reports. Star Equity had a negative return on equity of 1.17% and a negative net margin of 3.44%.

Star Equity Stock Performance

STRR opened at $9.46 on Tuesday. The stock has a market capitalization of $35.07 million, a PE ratio of -4.61 and a beta of 0.43. The firm’s fifty day moving average price is $9.73 and its 200 day moving average price is $10.22. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.10 and a quick ratio of 1.86. Star Equity has a 12-month low of $8.26 and a 12-month high of $11.99.

Insiders Place Their Bets

In other Star Equity news, CEO Jeffrey E. Eberwein sold 7,722 shares of the business’s stock in a transaction on Monday, March 30th. The shares were sold at an average price of $9.95, for a total transaction of $76,833.90. Following the completion of the sale, the chief executive officer owned 764,217 shares in the company, valued at $7,603,959.15. The trade was a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders have acquired 4,227 shares of company stock worth $42,248 and have sold 23,000 shares worth $229,020. 33.51% of the stock is currently owned by insiders.

Institutional Trading of Star Equity

Several institutional investors have recently added to or reduced their stakes in the business. Heartland Advisors Inc. bought a new stake in Star Equity during the fourth quarter valued at $140,000. DRW Securities LLC bought a new stake in Star Equity during the fourth quarter valued at $268,000. Bridgeway Capital Management LLC bought a new stake in Star Equity during the fourth quarter valued at $276,000. RBF Capital LLC bought a new stake in Star Equity during the fourth quarter valued at $316,000. Finally, Geode Capital Management LLC bought a new stake in Star Equity during the fourth quarter valued at $352,000. Institutional investors own 3.84% of the company’s stock.

Analysts Set New Price Targets

STRR has been the topic of several recent analyst reports. Zacks Research raised shares of Star Equity from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Litchfield Hills Research upped their price target on shares of Star Equity from $21.00 to $28.00 and gave the company a “buy” rating in a report on Monday, March 23rd. Noble Financial raised shares of Star Equity to a “strong-buy” rating in a report on Wednesday, March 4th. Finally, Weiss Ratings raised shares of Star Equity from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $16.50.

Star Equity Company Profile

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.