Star Equity (NASDAQ:STRR) CEO Jeffrey Eberwein Purchases 1,430 Shares of Stock

Star Equity Holdings, Inc. (NASDAQ:STRRGet Free Report) CEO Jeffrey Eberwein purchased 1,430 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were purchased at an average price of $11.51 per share, with a total value of $16,459.30. Following the completion of the acquisition, the chief executive officer directly owned 1,087,538 shares in the company, valued at $12,517,562.38. The trade was a 0.13% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Star Equity Trading Down 0.6%

NASDAQ:STRR opened at $11.48 on Friday. The company has a fifty day moving average of $10.12 and a 200 day moving average of $10.24. Star Equity Holdings, Inc. has a 52 week low of $8.26 and a 52 week high of $11.99. 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 capitalization of $42.46 million, a P/E ratio of -4.36 and a beta of 0.49.

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

Analyst Ratings Changes

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

Get Our Latest Stock Analysis on Star Equity

Institutional Trading of Star Equity

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC grew its position in shares of 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 buying an additional 2,200 shares during the period. Heartland Advisors Inc. purchased a new stake in shares of Star Equity in the 4th quarter worth about $140,000. DRW Securities LLC purchased a new stake in shares of Star Equity in the 4th quarter worth about $268,000. Bridgeway Capital Management LLC purchased a new stake in shares of Star Equity in the 4th quarter worth about $276,000. Finally, RBF Capital LLC purchased a new stake in shares of Star Equity in the 4th quarter worth about $316,000. 3.84% of the stock is owned by hedge funds and other institutional investors.

About Star Equity

(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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