Star Equity (NASDAQ:STRR) CEO Jeffrey Eberwein Buys 4,766 Shares

Star Equity Holdings, Inc. (NASDAQ:STRRGet Free Report) CEO Jeffrey Eberwein purchased 4,766 shares of the firm’s stock in a transaction on Monday, June 22nd. The shares were purchased at an average cost of $11.16 per share, for a total transaction of $53,188.56. Following the completion of the purchase, the chief executive officer directly owned 1,115,714 shares in the company, valued at $12,451,368.24. The trade was a 0.43% 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 Stock Performance

NASDAQ:STRR opened at $11.02 on Wednesday. The firm has a 50 day simple moving average of $10.47 and a 200-day simple moving average of $10.34. 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 firm has a market cap of $40.73 million, a PE ratio of -4.19 and a beta of 0.49. Star Equity Holdings, Inc. has a 1-year low of $8.26 and a 1-year high of $11.99.

Star Equity (NASDAQ:STRRGet Free Report) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.99) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($1.04). The firm had revenue of $50.06 million for the quarter, compared to analysts’ expectations of $52.57 million. Star Equity had a negative net margin of 4.18% and a negative return on equity of 4.04%. On average, equities analysts expect that Star Equity Holdings, Inc. will post -0.43 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Noble Financial upgraded Star Equity to a “strong-buy” rating in a report on Wednesday, March 4th. Litchfield Hills Research upped their target price on Star Equity from $21.00 to $28.00 and gave the company a “buy” rating in a research note 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 lowered Star Equity from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $28.00.

View Our Latest Stock Report on Star Equity

Hedge Funds Weigh In On Star Equity

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Mink Brook Asset Management LLC acquired a new position in shares of Star Equity in the 4th quarter valued at $3,538,000. Renaissance Technologies LLC purchased a new stake in shares of Star Equity during the 4th quarter valued at $886,000. Rothschild Wealth LLC acquired a new stake in shares of Star Equity during the 4th quarter worth $746,000. Dimensional Fund Advisors LP acquired a new stake in shares of Star Equity during the 4th quarter worth $629,000. Finally, North Star Investment Management Corp. purchased a new position in shares of Star Equity in the 1st quarter worth $565,000. Institutional investors and hedge funds 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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Insider Buying and Selling by Quarter for Star Equity (NASDAQ:STRR)

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