Key Points
- Director Louis Parks bought 1,000 shares of Star Equity at $11.60 each, spending a total of $11,600. After the purchase, he owned 15,813 shares valued at about $183,431.
- Star Equity recently reported a quarterly EPS of -$0.99, missing analyst expectations by a wide margin, while revenue also came in below estimates at $50.06 million.
- Analyst sentiment remains mixed: the stock has a consensus rating of Hold with a $28 target price, even as several firms recently issued upgrades and downgrades.
Star Equity Holdings, Inc. (NASDAQ:STRR - Get Free Report) Director Louis Parks bought 1,000 shares of the company's stock in a transaction on Friday, May 29th. The shares were acquired at an average price of $11.60 per share, for a total transaction of $11,600.00. Following the transaction, the director directly owned 15,813 shares in the company, valued at $183,430.80. This trade represents a 6.75% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Star Equity Stock Performance
NASDAQ STRR opened at $11.59 on Wednesday. The company has a current ratio of 2.09, a quick ratio of 1.84 and a debt-to-equity ratio of 0.09. The business's 50 day moving average is $10.00 and its two-hundred day moving average is $10.22. Star Equity Holdings, Inc. has a 12-month low of $8.26 and a 12-month high of $11.99. The stock has a market capitalization of $42.88 million, a price-to-earnings ratio of -4.41 and a beta of 0.49.
Star Equity (NASDAQ:STRR - Get Free Report) last released its earnings results 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). 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 for the quarter, compared to analyst estimates of $52.57 million. Research analysts expect that Star Equity Holdings, Inc. will post -0.43 EPS for the current year.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on STRR. Weiss Ratings cut Star Equity from a "sell (d-)" rating to a "sell (e+)" rating in a report on Wednesday, May 20th. Litchfield Hills Research upped their price target on Star Equity from $21.00 to $28.00 and gave the stock a "buy" rating in a report on Monday, March 23rd. Zacks Research cut Star Equity from a "hold" rating to a "strong sell" rating in a report on Wednesday, May 20th. Finally, Noble Financial upgraded Star Equity to a "strong-buy" rating in a report on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $28.00.
View Our Latest Report on STRR
Institutional Investors Weigh In On Star Equity
Institutional investors and hedge funds have recently modified their holdings of the company. Manatuck Hill Partners LLC acquired a new stake in shares of Star Equity in the 4th quarter worth approximately $358,000. Mink Brook Asset Management LLC acquired a new stake in Star Equity during the 4th quarter valued at $3,538,000. Renaissance Technologies LLC acquired a new stake in Star Equity during the 4th quarter valued at $886,000. Rothschild Wealth LLC acquired a new stake in Star Equity during the 4th quarter valued at $746,000. Finally, Dimensional Fund Advisors LP acquired a new stake in Star Equity during the 4th quarter valued at $629,000. Institutional investors and hedge funds own 3.84% of the company's stock.
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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