Key Points
- CEO sold shares: Star Equity CEO Jeffrey Eberwein sold 7,722 shares on March 30 at an average price of $9.95 for ~$76,834, trimming his stake by about 1% to 764,217 shares (≈$7.6M).
- Earnings miss: Star Equity reported ($0.10) EPS vs. a $0.13 consensus and revenue of $56.79M vs. $59.08M, leaving the company with negative net margin and return on equity.
- Mixed outlook: The stock is up ~3.7%, has a market cap of $36.17M and a negative P/E, while analysts are mixed with a consensus rating of "Hold" and a $16.50 target; institutional ownership is about 3.84%.
Star Equity Holdings, Inc. (NASDAQ:STRR - Get Free Report) CEO Jeffrey Eberwein sold 7,722 shares of the stock in a transaction on Monday, March 30th. The shares were sold at an average price of $9.95, for a total value of $76,833.90. Following the sale, the chief executive officer owned 764,217 shares in the company, valued at $7,603,959.15. The trade was a 1.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Star Equity Stock Up 3.7%
NASDAQ STRR opened at $9.75 on Friday. The company has a quick ratio of 1.86, a current ratio of 2.10 and a debt-to-equity ratio of 0.09. Star Equity Holdings, Inc. has a 52 week low of $8.26 and a 52 week high of $11.99. The firm has a market capitalization of $36.17 million, a price-to-earnings ratio of -4.76 and a beta of 0.53. The company has a fifty day moving average of $9.97 and a two-hundred day moving average of $10.51.
Star Equity (NASDAQ:STRR - Get Free Report) last released its earnings results on Tuesday, March 17th. The company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.23). Star Equity had a negative net margin of 3.44% and a negative return on equity of 1.17%. The business had revenue of $56.79 million for the quarter, compared to the consensus estimate of $59.08 million. On average, analysts predict that Star Equity Holdings, Inc. will post -1.2 earnings per share for the current year.
Wall Street Analysts Forecast Growth
STRR has been the topic of a number of recent analyst reports. Zacks Research upgraded Star Equity from a "strong sell" rating to a "hold" rating in a research note on Monday, March 9th. Litchfield Hills Research upped their price target on shares of Star Equity from $21.00 to $28.00 and gave the stock a "buy" rating in a report 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, Weiss Ratings reiterated a "sell (e+)" rating on shares of Star Equity in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $16.50.
Get Our Latest Research Report on Star Equity
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the company. Heartland Advisors Inc. bought a new stake in Star Equity during the 4th quarter valued at $140,000. DRW Securities LLC purchased a new stake in shares of Star Equity in the 4th quarter worth $268,000. Bridgeway Capital Management LLC bought a new position in shares of Star Equity during the 4th quarter worth $276,000. RBF Capital LLC bought a new position in shares of Star Equity during the 4th quarter worth $316,000. Finally, Geode Capital Management LLC purchased a new position in Star Equity in the fourth quarter worth $352,000. 3.84% of the stock is currently 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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