Star Equity (NASDAQ:STRR) CEO Jeffrey Eberwein Purchases 4,881 Shares

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein bought 4,881 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were acquired at an average price of $11.61 per share, for a total transaction of $56,668.41. Following the completion of the transaction, the chief executive officer owned 1,086,007 shares in the company, valued at $12,608,541.27. This represents a 0.45% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Star Equity Price Performance

Shares of Star Equity stock opened at $11.48 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.84 and a current ratio of 2.09. The firm’s 50-day simple moving average is $10.12 and its 200-day simple moving average is $10.24. Star Equity Holdings, Inc. has a twelve month low of $8.26 and a twelve month high of $11.99. The firm has a market cap of $42.46 million, a P/E ratio of -4.36 and a beta of 0.49.

Star Equity (NASDAQ:STRR) last issued its earnings results on Monday, May 11th. The company reported ($0.99) earnings per share 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 business had revenue of $50.06 million for the quarter, compared to analyst estimates of $52.57 million. As a group, research analysts expect that Star Equity Holdings, Inc. will post -0.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Star Equity

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its position in Star Equity by 2.8% in the first quarter. Renaissance Technologies LLC now owns 80,926 shares of the company’s stock valued at $832,000 after buying an additional 2,200 shares in the last quarter. Heartland Advisors Inc. acquired a new position in Star Equity in the fourth quarter valued at about $140,000. DRW Securities LLC acquired a new position in Star Equity in the fourth quarter valued at about $268,000. Bridgeway Capital Management LLC acquired a new position in Star Equity in the fourth quarter valued at about $276,000. Finally, RBF Capital LLC acquired a new position in Star Equity in the fourth quarter valued at about $316,000. 3.84% of the stock is currently owned by institutional investors and hedge funds.

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.