Star Equity (NASDAQ:STRR) CEO Jeffrey Eberwein Acquires 3,443 Shares of Stock

Star Equity Holdings, Inc. (NASDAQ:STRRGet Free Report) CEO Jeffrey Eberwein purchased 3,443 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were bought at an average cost of $11.51 per share, for a total transaction of $39,628.93. Following the completion of the purchase, the chief executive officer directly owned 1,090,981 shares of the company’s stock, valued at $12,557,191.31. The trade was a 0.32% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Star Equity Price Performance

Shares of STRR stock opened at $11.06 on Wednesday. Star Equity Holdings, Inc. has a 52-week low of $8.26 and a 52-week high of $11.99. The stock has a market cap of $40.92 million, a PE ratio of -4.21 and a beta of 0.49. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.84 and a current ratio of 2.09. The firm’s 50 day moving average price is $10.17 and its two-hundred day moving average price is $10.26.

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 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 business had revenue of $50.06 million during the quarter, compared to the consensus estimate of $52.57 million. As a group, analysts forecast that Star Equity Holdings, Inc. will post -0.43 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on STRR. Noble Financial raised shares of Star Equity to a “strong-buy” rating in a research report on Wednesday, March 4th. Weiss Ratings cut shares of Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 20th. Zacks Research cut shares of Star Equity from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 20th. Finally, Litchfield Hills Research lifted their price target on shares of Star Equity from $21.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, March 23rd. One investment 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, Star Equity currently has an average rating of “Hold” and an average target price of $28.00.

View Our Latest Report on STRR

Institutional Investors Weigh In On Star Equity

A number of institutional investors and hedge funds have recently modified their holdings of STRR. Geode Capital Management LLC bought a new stake in shares of Star Equity in the 4th quarter valued at about $352,000. Heartland Advisors Inc. bought a new stake in shares of Star Equity in the 4th quarter valued at about $140,000. Dimensional Fund Advisors LP bought a new stake in shares of Star Equity in the 4th quarter valued at about $629,000. Renaissance Technologies LLC bought a new stake in shares of Star Equity in the 4th quarter valued at about $886,000. Finally, DRW Securities LLC bought a new stake in shares of Star Equity in the 4th quarter valued at about $268,000. 3.84% of the stock is owned by institutional investors.

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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