Star Equity (NASDAQ:STRR) CEO Acquires $106,461.14 in Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein acquired 10,217 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was acquired at an average cost of $10.42 per share, with a total value of $106,461.14. Following the purchase, the chief executive officer directly owned 700,229 shares in the company, valued at $7,296,386.18. This represents a 1.48% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Star Equity Price Performance

NASDAQ:STRR remained flat at $10.31 during trading hours on Wednesday. 4,858 shares of the company were exchanged, compared to its average volume of 12,067. The company has a market capitalization of $28.40 million, a price-to-earnings ratio of -7.93 and a beta of 0.42. The firm’s 50-day moving average price is $10.84 and its 200-day moving average price is $5.38. Star Equity Holdings, Inc. has a one year low of $8.26 and a one year high of $15.90.

Star Equity (NASDAQ:STRR) last posted its quarterly earnings results on Thursday, November 13th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.30). Star Equity had a negative net margin of 2.81% and a negative return on equity of 3.81%. The business had revenue of $47.96 million for the quarter, compared to analysts’ expectations of $45.68 million. Research analysts expect that Star Equity Holdings, Inc. will post -1.2 EPS for the current year.

Analyst Upgrades and Downgrades

STRR has been the topic of several recent research reports. Weiss Ratings restated a “sell (e+)” rating on shares of Star Equity in a research report on Wednesday, October 8th. Maxim Group downgraded Star Equity from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus 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.