Star Equity (NASDAQ:STRR) CEO Purchases $106,461.14 in Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein purchased 10,217 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The stock was acquired at an average cost of $10.42 per share, with a total value of $106,461.14. Following the purchase, the chief executive officer directly owned 700,229 shares of the company’s stock, valued at $7,296,386.18. This trade represents a 1.48% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Star Equity Price Performance

Star Equity stock remained flat at $10.31 during mid-day trading on Wednesday. 4,858 shares of the company’s stock were exchanged, compared to its average volume of 12,067. Star Equity Holdings, Inc. has a fifty-two week low of $8.26 and a fifty-two week high of $15.90. The stock has a market capitalization of $28.40 million, a price-to-earnings ratio of -7.93 and a beta of 0.42. The stock’s 50-day moving average price is $10.84 and its 200 day moving average price is $5.38.

Star Equity (NASDAQ:STRR) last announced its earnings results 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). Star Equity had a negative net margin of 2.81% and a negative return on equity of 3.81%. The company had revenue of $47.96 million for the quarter, compared to the consensus estimate of $45.68 million. As a group, analysts anticipate that Star Equity Holdings, Inc. will post -1.2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Maxim Group lowered Star Equity from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Star Equity in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” 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.