Star Equity (STRR) to Release Earnings on Wednesday

Star Equity (NASDAQ:STRR – Get Rating) will be releasing its earnings data before the market opens on Wednesday, March 15th. Analysts expect Star Equity to post earnings of ($0.02) per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Star Equity Stock Down 0.1 %

Star Equity stock opened at $0.77 on Monday. The company’s 50 day simple moving average is $0.88 and its 200 day simple moving average is $0.96. Star Equity has a fifty-two week low of $0.72 and a fifty-two week high of $1.44. The firm has a market capitalization of $11.60 million, a price-to-earnings ratio of -0.50 and a beta of 0.53. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.32 and a quick ratio of 0.91.

Wall Street Analyst Weigh In

Separately, Litchfield Hills Research reissued a “buy” rating on shares of Star Equity in a research note on Wednesday, November 23rd.

Insider Buying and Selling

In related news, major shareholder Jeffrey E. Eberwein bought 84,303 shares of the company’s stock in a transaction on Friday, February 17th. The shares were purchased at an average cost of $0.97 per share, for a total transaction of $81,773.91. Following the acquisition, the insider now owns 2,104,592 shares of the company’s stock, valued at approximately $2,041,454.24. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders have bought 128,824 shares of company stock valued at $125,589 in the last 90 days. 21.93% of the stock is owned by insiders.

Institutional Trading of Star Equity

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Star Equity by 149.4% during the 3rd quarter. Vanguard Group Inc. now owns 57,481 shares of the company’s stock worth $57,000 after buying an additional 34,431 shares during the period. Millennium Management LLC raised its holdings in Star Equity by 228.6% during the 2nd quarter. Millennium Management LLC now owns 133,831 shares of the company’s stock worth $124,000 after buying an additional 93,102 shares during the period. Finally, Virtu Financial LLC raised its holdings in Star Equity by 239.7% during the 1st quarter. Virtu Financial LLC now owns 44,900 shares of the company’s stock worth $51,000 after buying an additional 31,684 shares during the period. 29.60% of the stock is currently owned by institutional investors and hedge funds.

Star Equity Company Profile

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Star Equity Holdings, Inc engages in the business of healthcare and construction. It operates through the following segments: Diagnostic Services, Diagnostic Imaging, Construction, and Investments. The Diagnostic Services segment offers a convenient and economically efficient imaging services program as an alternative to purchasing equipment or outsourcing the procedures to another physician or imaging center.