Key Points
- CEO Jeffrey Eberwein bought 4,881 shares of Star Equity at $11.61 each, a transaction worth about $56,668, and his stake rose to 1,086,007 shares.
- Star Equity shares were down about 0.6% and recently traded at $11.48, near the stock’s 52-week high of $11.99.
- The company reported a weak latest quarter, posting EPS of -$0.99 versus expectations for a profit, while revenue also came in below estimates.
Star Equity Holdings, Inc. (NASDAQ:STRR - Get Free Report) CEO Jeffrey Eberwein bought 1,430 shares of Star Equity stock in a transaction dated Thursday, June 4th. The stock was acquired at an average cost of $11.51 per share, for a total transaction of $16,459.30. Following the completion of the transaction, the chief executive officer directly owned 1,087,538 shares in the company, valued at approximately $12,517,562.38. This trade represents a 0.13% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Star Equity Stock Down 0.6%
NASDAQ:STRR opened at $11.48 on Friday. Star Equity Holdings, Inc. has a 1-year low of $8.26 and a 1-year high of $11.99. The firm's 50-day moving average price is $10.12 and its 200-day moving average price is $10.24. The company has a market capitalization of $42.46 million, a PE ratio of -4.36 and a beta of 0.49. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.09 and a quick ratio of 1.84.
Star Equity (NASDAQ:STRR - Get Free Report) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.99) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $50.06 million for the quarter, compared to analysts' expectations of $52.57 million. On average, equities analysts predict that Star Equity Holdings, Inc. will post -0.43 EPS for the current fiscal year.
Hedge Funds Weigh In On Star Equity
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Heartland Advisors Inc. bought a new position in Star Equity during the 4th quarter valued at about $140,000. DRW Securities LLC bought a new position in Star Equity during the 4th quarter valued at about $268,000. Bridgeway Capital Management LLC bought a new position in Star Equity during the 4th quarter valued at about $276,000. RBF Capital LLC bought a new position in Star Equity during the 4th quarter valued at about $316,000. Finally, Geode Capital Management LLC bought a new position in shares of Star Equity in the 4th quarter worth approximately $352,000. Institutional investors own 3.84% of the company's stock.
Analyst Ratings Changes
Several brokerages recently commented on STRR. Noble Financial raised shares of Star Equity to a "strong-buy" rating in a research report on Wednesday, March 4th. Litchfield Hills Research upped their target price 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. Zacks Research cut shares of Star Equity from a "hold" rating to a "strong sell" rating in a research note on Wednesday, May 20th. Finally, Weiss Ratings cut shares of Star Equity from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $28.00.
Check Out Our Latest Research Report on Star Equity
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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