Star Equity (NASDAQ:STRR) CEO Purchases $42,527.43 in Stock

Star Equity Holdings, Inc. (NASDAQ:STRRGet Free Report) CEO Jeffrey Eberwein bought 3,663 shares of the stock in a transaction on Friday, May 29th. The shares were bought at an average price of $11.61 per share, with a total value of $42,527.43. Following the acquisition, the chief executive officer owned 1,079,644 shares of the company’s stock, valued at $12,534,666.84. This trade represents a 0.34% 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.

Star Equity Stock Down 0.3%

Star Equity stock opened at $11.55 on Thursday. The business has a fifty day moving average of $10.08 and a two-hundred day moving average of $10.24. The company has a quick ratio of 1.84, a current ratio of 2.09 and a debt-to-equity ratio of 0.09. The firm has a market cap of $42.74 million, a P/E ratio of -4.39 and a beta of 0.49. Star Equity Holdings, Inc. has a twelve month low of $8.26 and a twelve month high of $11.99.

Star Equity (NASDAQ:STRRGet Free Report) last issued its quarterly 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). The business had revenue of $50.06 million for the quarter, compared to analyst estimates of $52.57 million. Star Equity had a negative return on equity of 4.04% and a negative net margin of 4.18%. On average, analysts forecast that Star Equity Holdings, Inc. will post -0.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

STRR has been the topic of a number of recent analyst reports. Noble Financial raised Star Equity to a “strong-buy” rating in a research report on Wednesday, March 4th. Litchfield Hills Research upped their price target on Star Equity from $21.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, March 23rd. Weiss Ratings downgraded Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 20th. Finally, Zacks Research downgraded Star Equity from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $28.00.

Check Out Our Latest Research Report on Star Equity

Hedge Funds Weigh In On Star Equity

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mink Brook Asset Management LLC purchased a new position in Star Equity in the 4th quarter worth $3,538,000. Renaissance Technologies LLC raised its stake in Star Equity by 2.8% in the 1st quarter. Renaissance Technologies LLC now owns 80,926 shares of the company’s stock worth $832,000 after acquiring an additional 2,200 shares during the last quarter. Rothschild Wealth LLC purchased a new position in Star Equity in the 4th quarter worth $746,000. Dimensional Fund Advisors LP purchased a new position in Star Equity in the 4th quarter worth $629,000. Finally, North Star Investment Management Corp. purchased a new position in Star Equity in the 1st quarter worth $565,000. Hedge funds and other institutional investors own 3.84% of the company’s stock.

Star Equity Company Profile

(Get Free Report)

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.

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