Star Equity (NASDAQ:STRR) CEO Acquires $27,785.14 in Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein purchased 2,414 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were purchased at an average price of $11.51 per share, for a total transaction of $27,785.14. Following the completion of the transaction, the chief executive officer directly owned 1,062,492 shares of the company’s stock, valued at $12,229,282.92. This represents a 0.23% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Star Equity Stock Up 2.3%

Star Equity stock traded up $0.26 during mid-day trading on Wednesday, hitting $11.81. The company had a trading volume of 6,463 shares, compared to its average volume of 7,661. 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 stock’s 50 day moving average price is $9.84 and its two-hundred day moving average price is $10.17. Star Equity Holdings, Inc. has a 12 month low of $8.26 and a 12 month high of $11.99. The company has a market capitalization of $43.65 million, a PE ratio of -4.49 and a beta of 0.43.

Star Equity (NASDAQ:STRR) last released its 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 company 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 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on STRR shares. Litchfield Hills Research boosted their target price on Star Equity from $21.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, March 23rd. Noble Financial upgraded Star Equity to a “strong-buy” rating in a research note on Wednesday, March 4th. Zacks Research cut Star Equity from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 20th. Finally, Weiss Ratings cut Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 20th. One investment 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $28.00.

Institutional Trading of Star Equity

Hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC increased its holdings in Star Equity by 2.8% during 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 during the last quarter. North Star Investment Management Corp. bought a new stake in shares of Star Equity during the 1st quarter valued at $565,000. Manatuck Hill Partners LLC purchased a new stake in shares of Star Equity in the 4th quarter worth $358,000. Bridgeway Capital Management LLC bought a new position in Star Equity in the 4th quarter worth $276,000. Finally, Rothschild Wealth LLC purchased a new position in Star Equity during the fourth quarter valued at $746,000. Hedge funds and other institutional investors own 3.84% of the company’s stock.

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.