Insider Buying: Star Equity (NASDAQ:STRR) CEO Purchases $26,906.88 in Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein purchased 2,288 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was acquired at an average price of $11.76 per share, for a total transaction of $26,906.88. Following the completion of the transaction, the chief executive officer owned 1,064,780 shares of the company’s stock, valued at $12,521,812.80. This represents a 0.22% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Star Equity Price Performance

Shares of Star Equity stock opened at $11.62 on Friday. The company has a current ratio of 2.09, a quick ratio of 1.84 and a debt-to-equity ratio of 0.09. The company’s 50-day moving average price is $9.97 and its two-hundred day moving average price is $10.20. 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 $42.99 million, a PE ratio of -4.42 and a beta of 0.43.

Star Equity (NASDAQ:STRR) last issued its quarterly earnings results 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 return on equity of 4.04% and a negative net margin of 4.18%.The business had revenue of $50.06 million during the quarter, compared to the consensus estimate of $52.57 million. As a group, sell-side analysts anticipate that Star Equity Holdings, Inc. will post -0.43 EPS for the current fiscal year.

Institutional Trading of Star Equity

Several institutional investors and hedge funds have recently bought and sold shares of STRR. Mink Brook Asset Management LLC acquired a new stake in Star Equity during the 4th quarter worth about $3,538,000. Renaissance Technologies LLC acquired a new stake in Star Equity during the 4th quarter worth about $886,000. Rothschild Wealth LLC acquired a new stake in Star Equity during the 4th quarter worth about $746,000. Dimensional Fund Advisors LP acquired a new stake in Star Equity during the 4th quarter worth about $629,000. Finally, North Star Investment Management Corp. acquired a new stake in Star Equity during the 1st quarter worth about $565,000. Institutional investors and hedge funds own 3.84% of the company’s stock.

Wall Street Analyst Weigh In

STRR has been the topic of several research reports. Weiss Ratings cut shares of Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 20th. Litchfield Hills Research boosted their price objective on Star Equity from $21.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, March 23rd. Zacks Research downgraded Star Equity from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 20th. Finally, Noble Financial upgraded Star Equity to a “strong-buy” rating in a report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Star Equity presently has a consensus rating of “Hold” and a consensus price target 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.