Jeffrey Eberwein Purchases 8,600 Shares of Star Equity (NASDAQ:STRR) Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein bought 8,600 shares of the stock in a transaction dated Tuesday, September 23rd. The stock was purchased at an average price of $11.47 per share, with a total value of $98,642.00. Following the purchase, the chief executive officer owned 674,147 shares in the company, valued at $7,732,466.09. This trade represents a 1.29% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Star Equity Trading Down 0.9%

Shares of NASDAQ:STRR opened at $11.40 on Friday. The stock has a fifty day simple moving average of $4.89 and a two-hundred day simple moving average of $3.08. The stock has a market capitalization of $31.46 million, a price-to-earnings ratio of -8.77 and a beta of 0.37. Star Equity Holdings, Inc. has a 12-month low of $8.26 and a 12-month high of $16.28.

Star Equity (NASDAQ:STRR) last announced its quarterly earnings data on Wednesday, August 13th. The company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $2.12. Star Equity had a negative net margin of 2.81% and a negative return on equity of 3.81%. The company had revenue of $23.71 million during the quarter, compared to analyst estimates of $16.75 million. As a group, equities research analysts predict that Star Equity Holdings, Inc. will post -1.2 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Maxim Group cut Star Equity from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price 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.