Key Points
- CEO Jeffrey Eberwein bought 3,443 shares of Star Equity Holdings on June 5 at an average price of $11.51, a transaction worth about $39,629. His holdings increased to 1,090,981 shares.
- Star Equity stock rose 3.4% and opened at $11.06, near its 52-week high of $11.99. The company has a small market cap of about $40.9 million and relatively low debt.
- The company recently reported weak quarterly results, posting a loss of $0.99 per share versus expectations for a profit, while revenue also missed estimates. Analysts currently have a mixed view, 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 2,849 shares of the company's stock in a transaction on Tuesday, June 9th. The stock was acquired at an average cost of $11.23 per share, for a total transaction of $31,994.27. Following the completion of the transaction, the chief executive officer owned 1,103,830 shares in the company, valued at approximately $12,396,010.90. This trade represents a 0.26% 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 Performance
Shares of NASDAQ STRR opened at $11.06 on Wednesday. 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 business's 50 day moving average is $10.17 and its two-hundred day moving average is $10.26. The company has a market cap of $40.92 million, a P/E ratio of -4.21 and a beta of 0.49. Star Equity Holdings, Inc. has a 12 month low of $8.26 and a 12 month high of $11.99.
Star Equity (NASDAQ:STRR - Get Free Report) last issued its quarterly earnings results on Monday, May 11th. The company reported ($0.99) EPS for the quarter, missing the consensus estimate of $0.05 by ($1.04). The business had revenue of $50.06 million during the quarter, compared to the consensus estimate of $52.57 million. Star Equity had a negative return on equity of 4.04% and a negative net margin of 4.18%. On average, equities analysts expect that Star Equity Holdings, Inc. will post -0.43 EPS for the current year.
Institutional Trading of Star Equity
A number of large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC grew its position in Star Equity by 2.8% in the first quarter. Renaissance Technologies LLC now owns 80,926 shares of the company's stock valued at $832,000 after acquiring an additional 2,200 shares during the period. Heartland Advisors Inc. bought a new stake in Star Equity in the fourth quarter valued at $140,000. DRW Securities LLC bought a new stake in Star Equity in the fourth quarter valued at $268,000. Bridgeway Capital Management LLC bought a new stake in Star Equity in the fourth quarter valued at $276,000. Finally, RBF Capital LLC bought a new stake in Star Equity in the fourth quarter valued at $316,000. 3.84% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the company. Weiss Ratings downgraded Star Equity from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Wednesday, May 20th. Noble Financial upgraded Star Equity to a "strong-buy" rating in a research report on Wednesday, March 4th. Zacks Research cut Star Equity from a "hold" rating to a "strong sell" rating in a research report on Wednesday, May 20th. Finally, Litchfield Hills Research boosted their price objective on Star Equity from $21.00 to $28.00 and gave the company a "buy" rating in a research report on Monday, March 23rd. One 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 assigned a Sell rating to the company. According to MarketBeat, Star Equity has an average rating of "Hold" and a consensus target price of $28.00.
Read Our Latest Analysis on Star Equity
About Star Equity
(
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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