Key Points
- CEO Jeffrey Eberwein bought 2,288 Star Equity shares at $11.76 each, spending $26,906.88 and increasing his direct stake by 0.22% to 1,064,780 shares.
- Star Equity shares rose 2.3% to open at $11.81, near their 52-week high of $11.99, while the stock remains well below analyst target levels.
- The company recently reported a worse-than-expected quarterly loss of $0.99 per share on revenue of $50.06 million, missing analyst estimates and reinforcing a mixed outlook from Wall Street.
Star Equity Holdings, Inc. (NASDAQ:STRR - Get Free Report) CEO Jeffrey Eberwein purchased 2,288 shares of the stock in a transaction on Wednesday, May 27th. The stock was acquired at an average cost of $11.76 per share, for a total transaction of $26,906.88. Following the acquisition, the chief executive officer directly owned 1,064,780 shares in the company, valued at approximately $12,521,812.80. This trade represents a 0.22% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Star Equity Stock Up 2.3%
STRR opened at $11.81 on Thursday. The firm's 50-day simple moving average is $9.89 and its 200-day simple moving average is $10.18. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.84 and a current ratio of 2.09. Star Equity Holdings, Inc. has a twelve month low of $8.26 and a twelve month high of $11.99. The firm has a market cap of $43.70 million, a price-to-earnings ratio of -4.49 and a beta of 0.43.
Star Equity (NASDAQ:STRR - Get Free Report) last posted its earnings results 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 firm 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.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC lifted its position in Star Equity by 2.8% during the 1st 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 Star Equity during the 4th quarter valued at about $140,000. DRW Securities LLC acquired a new position in Star Equity during the 4th quarter valued at about $268,000. Bridgeway Capital Management LLC acquired a new position in Star Equity during the 4th quarter valued at about $276,000. Finally, RBF Capital LLC acquired a new position in Star Equity during the 4th quarter valued at about $316,000. 3.84% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
STRR has been the topic of several analyst reports. Litchfield Hills Research upped their target price 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. Weiss Ratings lowered shares of Star Equity from a "sell (d-)" rating to a "sell (e+)" rating in a report on Wednesday, May 20th. Zacks Research lowered shares of Star Equity from a "hold" rating to a "strong sell" rating in a report on Wednesday, May 20th. Finally, Noble Financial upgraded shares of Star Equity to a "strong-buy" rating in a research report on Wednesday, March 4th. One 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 given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $28.00.
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About Star Equity
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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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