Star Equity (NASDAQ:STRR) CEO Jeffrey Eberwein Purchases 2,849 Shares

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein purchased 2,849 shares of the stock in a transaction dated Tuesday, June 9th. The shares were purchased at an average cost of $11.23 per share, for a total transaction of $31,994.27. Following the completion of the acquisition, the chief executive officer directly owned 1,103,830 shares in the company, valued at approximately $12,396,010.90. This trade represents a 0.26% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Star Equity Stock Performance

Shares of NASDAQ STRR traded up $0.36 during midday trading on Tuesday, hitting $11.06. 13,255 shares of the stock traded hands, compared to its average volume of 8,013. The firm has a 50-day moving average of $10.16 and a two-hundred day moving average of $10.26. The firm has a market capitalization of $40.92 million, a P/E ratio of -4.21 and a beta of 0.49. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.84 and a current ratio of 2.09. Star Equity Holdings, Inc. has a one year low of $8.26 and a one year high of $11.99.

Star Equity (NASDAQ:STRR) last announced its earnings results on Monday, May 11th. The company reported ($0.99) EPS for the quarter, missing analysts’ consensus estimates 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. On average, equities analysts forecast that Star Equity Holdings, Inc. will post -0.43 EPS for the current fiscal year.

Institutional Investors Weigh In On Star Equity

Institutional investors have recently bought and sold shares of the business. Heartland Advisors Inc. purchased a new stake in Star Equity in the 4th quarter worth $140,000. DRW Securities LLC purchased a new stake in Star Equity in the 4th quarter worth $268,000. Bridgeway Capital Management LLC purchased a new stake in Star Equity in the 4th quarter worth $276,000. RBF Capital LLC purchased a new stake in Star Equity in the 4th quarter worth $316,000. Finally, Geode Capital Management LLC bought a new position in shares of Star Equity during the 4th quarter valued at about $352,000. Hedge funds and other institutional investors own 3.84% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on STRR shares. Noble Financial raised Star Equity to a “strong-buy” rating in a report on Wednesday, March 4th. Zacks Research lowered Star Equity from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 20th. Weiss Ratings lowered Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 20th. Finally, Litchfield Hills Research increased their price target on Star Equity from $21.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, March 23rd. 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Star Equity presently has an average rating of “Hold” and a consensus target price of $28.00.

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.