Star Equity (NASDAQ:STRR) CEO Jeffrey Eberwein Purchases 5,000 Shares of Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein purchased 5,000 shares of the stock in a transaction dated Monday, September 29th. The shares were acquired at an average cost of $11.31 per share, for a total transaction of $56,550.00. Following the completion of the acquisition, the chief executive officer directly owned 679,147 shares of the company’s stock, valued at approximately $7,681,152.57. This trade represents a 0.74% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Star Equity Stock Up 0.1%

Shares of STRR opened at $11.13 on Thursday. The firm has a market capitalization of $30.72 million, a PE ratio of -8.56 and a beta of 0.40. The firm has a 50-day moving average price of $5.43 and a 200 day moving average price of $3.26. Star Equity Holdings, Inc. has a 52-week low of $8.26 and a 52-week high of $16.28.

Star Equity (NASDAQ:STRR) last released its earnings results on Wednesday, August 13th. The company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $2.12. The firm had revenue of $23.71 million during the quarter, compared to the consensus estimate of $16.75 million. Star Equity had a negative return on equity of 3.81% and a negative net margin of 2.81%. On average, equities analysts expect that Star Equity Holdings, Inc. will post -1.2 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Maxim Group lowered shares of Star Equity from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Star Equity presently has an average rating of “Hold” and an average 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.