Key Points
- Star Equity CEO Jeffrey Eberwein bought 11,201 shares on May 28 at an average price of $11.81 each, a transaction worth about $132,284. After the purchase, he owned 1,075,981 shares, increasing his stake by 1.05%.
- Star Equity shares were up 0.7% and opened at $11.70, near the stock’s 12-month high of $11.99. The company has a market cap of $43.29 million and relatively low debt, with a debt-to-equity ratio of 0.09.
- The company recently reported a loss of $0.99 per share for the quarter, missing analyst expectations, and revenue also came in below estimates. Analyst sentiment is mixed, with a consensus rating of “Hold” and a target price of $28.00.
Star Equity Holdings, Inc. (NASDAQ:STRR - Get Free Report) CEO Jeffrey Eberwein purchased 1,482 shares of the firm's stock in a transaction on Monday, June 1st. The shares were purchased at an average price of $11.59 per share, for a total transaction of $17,176.38. Following the completion of the purchase, the chief executive officer directly owned 1,081,126 shares of the company's stock, valued at $12,530,250.34. This represents a 0.14% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.
Star Equity Stock Up 0.7%
NASDAQ:STRR opened at $11.70 on Tuesday. The company has a quick ratio of 1.84, a current ratio of 2.09 and a debt-to-equity ratio of 0.09. The stock's fifty day moving average is $10.00 and its two-hundred day moving average is $10.22. 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 capitalization of $43.29 million, a price-to-earnings ratio of -4.45 and a beta of 0.49.
Star Equity (NASDAQ:STRR - Get 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 the consensus estimate of $0.05 by ($1.04). The company had revenue of $50.06 million during the quarter, compared to analyst estimates of $52.57 million. Star Equity had a negative net margin of 4.18% and a negative return on equity of 4.04%. Research analysts anticipate that Star Equity Holdings, Inc. will post -0.43 EPS for the current year.
Hedge Funds Weigh In On Star Equity
Hedge funds have recently made changes to their positions in the company. Heartland Advisors Inc. purchased a new position in shares of Star Equity during the fourth quarter worth about $140,000. DRW Securities LLC purchased a new position in shares of Star Equity during the fourth quarter worth about $268,000. Bridgeway Capital Management LLC purchased a new position in shares of Star Equity during the fourth quarter worth about $276,000. RBF Capital LLC purchased a new position in shares of Star Equity during the fourth quarter worth about $316,000. Finally, Geode Capital Management LLC purchased a new position in shares of Star Equity during the fourth quarter worth about $352,000. Hedge funds and other institutional investors own 3.84% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on the company. Litchfield Hills Research increased their price objective on 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 upgraded Star Equity to a "strong-buy" rating in a research note on Wednesday, March 4th. Zacks Research cut Star Equity from a "hold" rating to a "strong sell" rating in a research note on Wednesday, May 20th. Finally, Weiss Ratings cut Star Equity from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $28.00.
Check Out Our Latest Stock Analysis on STRR
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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