Jeffrey Eberwein Purchases 10,000 Shares of Star Equity (NASDAQ:STRR) Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein purchased 10,000 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was bought at an average cost of $11.45 per share, with a total value of $114,500.00. Following the acquisition, the chief executive officer owned 1,100,981 shares of the company’s stock, valued at $12,606,232.45. This represents a 0.92% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Star Equity Price Performance

Shares of Star Equity stock traded up $0.36 during midday trading on Tuesday, reaching $11.06. The company had a trading volume of 13,243 shares, compared to its average volume of 8,013. 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 has a market capitalization of $40.92 million, a price-to-earnings ratio of -4.21 and a beta of 0.49. The stock has a fifty day simple moving average of $10.16 and a 200 day simple moving average of $10.26. Star Equity Holdings, Inc. has a 1-year low of $8.26 and a 1-year high of $11.99.

Star Equity (NASDAQ:STRR) last issued 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 company 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%. As a group, equities research analysts forecast that Star Equity Holdings, Inc. will post -0.43 earnings per share for the current year.

Institutional Investors Weigh In On Star Equity

Institutional investors have recently modified their holdings of the business. Heartland Advisors Inc. acquired a new stake in shares of Star Equity during the 4th quarter worth approximately $140,000. DRW Securities LLC bought a new position in Star Equity during the 4th quarter worth approximately $268,000. Bridgeway Capital Management LLC bought a new position in Star Equity during the 4th quarter worth approximately $276,000. RBF Capital LLC bought a new position in Star Equity during the 4th quarter worth approximately $316,000. Finally, Geode Capital Management LLC bought a new position in Star Equity during the 4th quarter worth approximately $352,000. Institutional investors and hedge funds own 3.84% of the company’s stock.

Analysts Set New Price Targets

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