North Star Investment Management Corp. Acquires Shares of 55,000 Star Equity Holdings, Inc. $STRR

North Star Investment Management Corp. bought a new stake in shares of Star Equity Holdings, Inc. (NASDAQ:STRR) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 55,000 shares of the company’s stock, valued at approximately $565,000. North Star Investment Management Corp. owned approximately 1.48% of Star Equity at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Mink Brook Asset Management LLC purchased a new stake in shares of Star Equity during the fourth quarter worth about $3,538,000. Renaissance Technologies LLC purchased a new stake in shares of Star Equity during the fourth quarter worth approximately $886,000. Rothschild Wealth LLC purchased a new stake in shares of Star Equity during the fourth quarter worth approximately $746,000. Dimensional Fund Advisors LP acquired a new position in Star Equity in the 4th quarter valued at $629,000. Finally, Manatuck Hill Partners LLC purchased a new position in Star Equity in the 4th quarter valued at $358,000. 3.84% of the stock is currently owned by institutional investors and hedge funds.

Star Equity Stock Down 2.8%

Star Equity stock opened at $10.66 on Wednesday. The stock has a market cap of $39.44 million, a PE ratio of -4.05 and a beta of 0.49. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.09 and a quick ratio of 1.84. The stock’s fifty day moving average is $10.59 and its two-hundred day moving average is $10.36. 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 released its earnings results on Monday, May 11th. The company reported ($0.99) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $50.06 million during the quarter, compared to analysts’ expectations of $52.57 million. On average, sell-side analysts expect that Star Equity Holdings, Inc. will post -0.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

STRR has been the topic of several recent research reports. Litchfield Hills Research lifted their target price on shares of Star Equity from $21.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, March 23rd. Zacks Research downgraded shares of Star Equity from a “hold” rating to a “strong sell” rating in a research note 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 note on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $28.00.

Insider Transactions at Star Equity

In other news, CEO Jeffrey E. Eberwein bought 13,799 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was purchased at an average price of $10.09 per share, with a total value of $139,231.91. Following the transaction, the chief executive officer directly owned 1,054,780 shares in the company, valued at approximately $10,642,730.20. The trade was a 1.33% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last three months, insiders have bought 78,630 shares of company stock valued at $880,724. Corporate insiders own 31.60% of the company’s stock.

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.