Jeffrey E. Eberwein Acquires 68,665 Shares of Star Equity Holdings, Inc. (NASDAQ:STRR) Stock

Star Equity Holdings, Inc. (NASDAQ:STRRGet Rating) Chairman Jeffrey E. Eberwein bought 68,665 shares of Star Equity stock in a transaction on Wednesday, May 25th. The shares were acquired at an average cost of $0.82 per share, with a total value of $56,305.30. Following the completion of the acquisition, the chairman now owns 2,035,290 shares of the company’s stock, valued at approximately $1,668,937.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of STRR traded up $0.05 during mid-day trading on Friday, reaching $0.99. The stock had a trading volume of 59,030 shares, compared to its average volume of 404,292. The firm has a market cap of $14.83 million, a price-to-earnings ratio of -1.18 and a beta of 0.43. Star Equity Holdings, Inc. has a 12 month low of $0.72 and a 12 month high of $4.67. The business has a fifty day moving average of $1.00 and a 200 day moving average of $1.62.

Star Equity (NASDAQ:STRRGet Rating) last issued its earnings results on Monday, May 23rd. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.10. Star Equity had a negative net margin of 2.80% and a negative return on equity of 29.99%. During the same quarter last year, the business earned ($0.35) earnings per share. As a group, equities analysts anticipate that Star Equity Holdings, Inc. will post 0.11 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the company. Virtu Financial LLC boosted its holdings in shares of Star Equity by 239.7% in the 1st quarter. Virtu Financial LLC now owns 44,900 shares of the company’s stock valued at $51,000 after buying an additional 31,684 shares in the last quarter. Cruiser Capital Advisors LLC acquired a new stake in Star Equity in the 4th quarter worth approximately $64,000. Finally, Goldman Sachs Group Inc. acquired a new stake in Star Equity in the 3rd quarter worth approximately $96,000. Institutional investors and hedge funds own 60.24% of the company’s stock.

Star Equity Company Profile (Get Rating)

Star Equity Holdings, Inc provides healthcare solutions in the United States and internationally. It operates through four segments: Diagnostic Services, Diagnostic Imaging, Construction, and Investments. It offers imaging services primarily to cardiologists, internal medicine physicians, and family practice doctors; and imaging systems, including nuclear cardiac and general purpose nuclear imaging systems to physician offices and hospitals.

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