Jeffrey Eberwein Buys 2,600 Shares of Star Equity (NASDAQ:STRR) Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein acquired 2,600 shares of the business’s stock in a transaction dated Tuesday, September 30th. The stock was acquired at an average cost of $11.20 per share, with a total value of $29,120.00. Following the completion of the transaction, the chief executive officer owned 681,747 shares of the company’s stock, valued at approximately $7,635,566.40. The trade was a 0.38% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Star Equity Trading Up 0.1%

NASDAQ:STRR opened at $11.13 on Thursday. The stock has a market cap of $30.72 million, a P/E ratio of -8.56 and a beta of 0.40. The stock has a 50 day simple moving average of $5.43 and a 200 day simple moving average of $3.26. Star Equity Holdings, Inc. has a 1-year low of $8.26 and a 1-year high of $16.28.

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

Wall Street Analysts Forecast Growth

Separately, Maxim Group lowered Star Equity from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Star Equity currently has a consensus rating of “Hold” and a consensus price target of $5.00.

Star Equity Company Profile

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.