Jeffrey Eberwein Purchases 2,414 Shares of Star Equity (NASDAQ:STRR) Stock

Star Equity Holdings, Inc. (NASDAQ:STRRGet Free Report) CEO Jeffrey Eberwein acquired 2,414 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was acquired at an average price of $11.51 per share, with a total value of $27,785.14. Following the completion of the transaction, the chief executive officer directly owned 1,062,492 shares of the company’s stock, valued at approximately $12,229,282.92. This represents a 0.23% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Star Equity Stock Down 1.2%

Star Equity stock opened at $11.67 on Friday. The stock has a market capitalization of $43.18 million, a PE ratio of -4.44 and a beta of 0.43. Star Equity Holdings, Inc. has a 12 month low of $8.26 and a 12 month high of $11.99. The business has a 50 day simple moving average of $9.92 and a 200-day simple moving average of $10.19. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.09 and a quick ratio of 1.84.

Star Equity (NASDAQ:STRRGet Free Report) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.99) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($1.04). The business had revenue of $50.06 million during 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, analysts anticipate that Star Equity Holdings, Inc. will post -0.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Read Our Latest Analysis on STRR

Institutional Trading of Star Equity

Several large investors have recently made changes to their positions in the company. Renaissance Technologies LLC increased its position in shares of Star Equity by 2.8% during the first quarter. Renaissance Technologies LLC now owns 80,926 shares of the company’s stock worth $832,000 after purchasing an additional 2,200 shares in the last quarter. Heartland Advisors Inc. purchased a new stake in shares of Star Equity during the fourth quarter worth approximately $140,000. DRW Securities LLC purchased a new stake in shares of Star Equity during the fourth quarter worth approximately $268,000. Bridgeway Capital Management LLC acquired a new position in Star Equity during the fourth quarter worth $276,000. Finally, RBF Capital LLC acquired a new position in Star Equity during the fourth quarter worth $316,000. 3.84% of the stock is currently 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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