Insider Buying: Star Equity (NASDAQ:STRR) CEO Buys 3,663 Shares of Stock

by · The Cerbat Gem

Star Equity Holdings, Inc. (NASDAQ:STRR – Get Free Report) CEO Jeffrey Eberwein purchased 3,663 shares of the business’s stock in a transaction on Friday, May 29th. The stock was acquired at an average cost of $11.61 per share, with a total value of $42,527.43. Following the completion of the acquisition, the chief executive officer directly owned 1,079,644 shares in the company, valued at $12,534,666.84. The trade was a 0.34% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Star Equity Price Performance

NASDAQ STRR traded up $0.08 on Monday, reaching $11.70. The company’s stock had a trading volume of 8,067 shares, compared to its average volume of 7,822. Star Equity Holdings, Inc. has a twelve month low of $8.26 and a twelve month high of $11.99. 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 stock has a market cap of $43.29 million, a PE ratio of -4.45 and a beta of 0.49. The firm’s 50 day moving average is $9.97 and its two-hundred day moving average is $10.20.

Star Equity (NASDAQ:STRR – Get Free Report) last issued its quarterly earnings results on Monday, May 11th. The company reported ($0.99) earnings per share 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 analyst estimates of $52.57 million. As a group, sell-side analysts predict that Star Equity Holdings, Inc. will post -0.43 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on STRR shares. Weiss Ratings lowered shares of Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 20th. Litchfield Hills Research upped their price objective on shares of Star Equity from $21.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, March 23rd. Noble Financial raised shares of Star Equity to a “strong-buy” rating in a research note on Wednesday, March 4th. Finally, Zacks Research lowered shares of 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 assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $28.00.

Read Our Latest Stock Analysis on STRR

Institutional Trading of Star Equity

A number of hedge funds have recently made changes to their positions in STRR. Geode Capital Management LLC purchased a new stake in shares of Star Equity in the fourth quarter worth approximately $352,000. Heartland Advisors Inc. purchased a new stake in shares of Star Equity in the fourth quarter worth approximately $140,000. Dimensional Fund Advisors LP purchased a new stake in shares of Star Equity in the fourth quarter worth approximately $629,000. Renaissance Technologies LLC purchased a new stake in shares of Star Equity in the fourth quarter worth approximately $886,000. Finally, DRW Securities LLC purchased a new stake in shares of Star Equity in the fourth quarter worth approximately $268,000. 3.84% of the stock is owned by hedge funds and other 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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