Star Equity (NASDAQ:STRR) CEO Buys $31,994.27 in Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein acquired 2,849 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were bought at an average cost of $11.23 per share, with a total value of $31,994.27. Following the acquisition, the chief executive officer directly owned 1,103,830 shares in the company, valued at approximately $12,396,010.90. The trade was a 0.26% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Star Equity Price Performance

Shares of STRR traded up $0.36 during midday trading on Tuesday, hitting $11.06. 13,255 shares of the company traded hands, compared to its average volume of 8,013. The firm has a 50 day moving average of $10.16 and a 200-day 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 cap of $40.92 million, a price-to-earnings ratio of -4.21 and a beta of 0.49. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.84 and a current ratio of 2.09.

Star Equity (NASDAQ:STRR) last released its quarterly earnings data on Monday, May 11th. The company reported ($0.99) EPS for the quarter, missing the consensus estimate 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. On average, analysts forecast that Star Equity Holdings, Inc. will post -0.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Noble Financial raised shares of Star Equity to a “strong-buy” rating in a research note on Wednesday, March 4th. Zacks Research downgraded shares of Star Equity from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 20th. Litchfield Hills Research raised their target price on shares of Star Equity from $21.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, March 23rd. Finally, Weiss Ratings lowered shares of Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Star Equity currently has a consensus rating of “Hold” and an average price target of $28.00.

Hedge Funds Weigh In On Star Equity

Institutional investors have recently modified their holdings of the stock. Heartland Advisors Inc. purchased a new position in shares of Star Equity during the fourth quarter worth approximately $140,000. DRW Securities LLC purchased a new position in shares of Star Equity during the fourth quarter worth approximately $268,000. Bridgeway Capital Management LLC purchased a new position in shares of Star Equity during the fourth quarter worth approximately $276,000. RBF Capital LLC purchased a new position in shares of Star Equity during the fourth quarter worth approximately $316,000. Finally, Geode Capital Management LLC purchased a new position in shares of Star Equity during the fourth quarter worth approximately $352,000. 3.84% of the stock is owned by hedge funds and other institutional investors.

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.