Louis Parks Buys 1,000 Shares of Star Equity (NASDAQ:STRR) Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) Director Louis Parks acquired 1,000 shares of the company’s stock in a transaction on Friday, May 29th. The stock was acquired at an average price of $11.60 per share, with a total value of $11,600.00. Following the purchase, the director directly owned 15,813 shares in the company, valued at approximately $183,430.80. This represents a 6.75% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Star Equity Stock Performance

Shares of NASDAQ:STRR opened at $11.55 on Thursday. Star Equity Holdings, Inc. has a 12-month low of $8.26 and a 12-month high of $11.99. The company’s 50 day moving average price is $10.08 and its two-hundred day moving average price is $10.24. The firm has a market cap of $42.74 million, a PE ratio of -4.39 and a beta of 0.49. The company has a quick ratio of 1.84, a current ratio of 2.09 and a debt-to-equity ratio of 0.09.

Star Equity (NASDAQ:STRR) last released its quarterly earnings results on Monday, May 11th. The company reported ($0.99) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($1.04). The business had revenue of $50.06 million during the quarter, compared to analyst estimates of $52.57 million. Star Equity had a negative net margin of 4.18% and a negative return on equity of 4.04%. Equities research analysts predict that Star Equity Holdings, Inc. will post -0.43 earnings per share for the current year.

Analysts Set New Price Targets

STRR has been the subject of a number of recent analyst reports. Zacks Research downgraded Star Equity from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 20th. Litchfield Hills Research boosted their price target on Star Equity from $21.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, March 23rd. 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. Finally, Noble Financial upgraded shares of Star Equity to a “strong-buy” rating in a research note on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $28.00.

Institutional Investors Weigh In On Star Equity

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mink Brook Asset Management LLC acquired a new stake in shares of Star Equity in the 4th quarter valued at $3,538,000. Renaissance Technologies LLC bought a new position in shares of Star Equity in the 4th quarter valued at $886,000. Rothschild Wealth LLC bought a new position in shares of Star Equity in the 4th quarter valued at $746,000. Dimensional Fund Advisors LP bought a new position in shares of Star Equity in the 4th quarter valued at $629,000. Finally, Geode Capital Management LLC bought a new position in shares of Star Equity in the 4th quarter valued at $352,000. 3.84% of the stock is currently owned by institutional investors.

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.