Insider Buying: Star Equity (NASDAQ:STRR) CEO Purchases 1,482 Shares of Stock

by · The Cerbat Gem

Star Equity Holdings, Inc. (NASDAQ:STRR – Get Free Report) CEO Jeffrey Eberwein acquired 1,482 shares of Star Equity stock in a transaction that occurred on Monday, June 1st. The stock was acquired at an average cost of $11.59 per share, for a total transaction of $17,176.38. Following the purchase, the chief executive officer owned 1,081,126 shares of the company’s stock, valued at $12,530,250.34. The trade was a 0.14% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Star Equity Trading Up 0.7%

Shares of Star Equity stock traded up $0.08 during trading on Monday, hitting $11.70. The company’s stock had a trading volume of 8,067 shares, compared to its average volume of 7,822. 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 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 $43.29 million, a price-to-earnings ratio of -4.45 and a beta of 0.49. The stock has a 50-day moving average price of $9.97 and a two-hundred day moving average price of $10.20.

Star Equity (NASDAQ:STRR – Get Free Report) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.99) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($1.04). Star Equity had a negative return on equity of 4.04% and a negative net margin of 4.18%.The business had revenue of $50.06 million during the quarter, compared to the consensus estimate of $52.57 million. Equities research analysts anticipate that Star Equity Holdings, Inc. will post -0.43 EPS for the current fiscal year.

Hedge Funds Weigh In On Star Equity

Several institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC raised its holdings 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 valued at $832,000 after purchasing an additional 2,200 shares during the period. Heartland Advisors Inc. acquired a new position in shares of Star Equity during the fourth quarter valued at about $140,000. DRW Securities LLC acquired a new position in shares of Star Equity during the fourth quarter valued at about $268,000. Bridgeway Capital Management LLC acquired a new position in shares of Star Equity during the fourth quarter valued at about $276,000. Finally, RBF Capital LLC acquired a new position in shares of Star Equity during the fourth quarter valued at about $316,000. Institutional investors and hedge funds own 3.84% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on STRR shares. Zacks Research cut shares of Star Equity from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 20th. Litchfield Hills Research upped their price target 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, 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. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $28.00.

Read Our Latest Stock Report on Star Equity

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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