Star Equity (NASDAQ:STRR – Get Free Report) issued its quarterly earnings data on Friday. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.08), FiscalAI reports. Star Equity had a negative net margin of 4.18% and a negative return on equity of 4.04%. The firm had revenue of $54.94 million for the quarter, compared to analysts’ expectations of $56.92 million.
Star Equity Stock Performance
Shares of NASDAQ STRR opened at $10.06 on Friday. The stock has a market cap of $37.24 million, a price-to-earnings ratio of -3.29 and a beta of 0.51. The stock’s 50-day moving average is $11.03 and its 200 day moving average is $10.40. The company has a current ratio of 2.09, a quick ratio of 1.84 and a debt-to-equity ratio of 0.09. Star Equity has a 1-year low of $8.38 and a 1-year high of $11.99.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on STRR shares. Zacks Research raised shares of Star Equity from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Weiss Ratings cut Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.
Insider Buying and Selling at Star Equity
In other Star Equity news, CEO Jeffrey E. Eberwein bought 4,766 shares of Star Equity stock in a transaction that occurred on Monday, June 22nd. The shares were bought at an average price of $11.16 per share, with a total value of $53,188.56. Following the acquisition, the chief executive officer owned 1,115,714 shares in the company, valued at approximately $12,451,368.24. This trade represents a 0.43% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders have purchased 78,630 shares of company stock valued at $880,724. Insiders own 31.60% of the company’s stock.
Institutional Trading of Star Equity
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC purchased a new position in shares of Star Equity in the fourth quarter worth $352,000. Heartland Advisors Inc. purchased a new stake in Star Equity in the 4th quarter worth approximately $140,000. Dimensional Fund Advisors LP purchased a new position in shares of Star Equity during the fourth quarter valued at approximately $629,000. Renaissance Technologies LLC purchased a new stake in Star Equity in the fourth quarter worth $886,000. Finally, DRW Securities LLC purchased a new position in Star Equity during the 4th quarter valued at $268,000. Institutional investors own 3.84% of the company’s stock.
Star Equity Company Profile
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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