7,037 Shares in Star Holdings (NASDAQ:STHO) Bought by SG Americas Securities LLC

SG Americas Securities LLC bought a new stake in Star Holdings (NASDAQ:STHO) during the fourth quarter, Holdings Channel reports. The institutional investor bought 7,037 shares of the company’s stock, valued at approximately $105,000.

Several other hedge funds also recently bought and sold shares of STHO. Barclays PLC bought a new stake in shares of Star in the 1st quarter valued at approximately $125,000. Russell Investments Group Ltd. bought a new stake in Star in the first quarter worth approximately $45,000. California State Teachers Retirement System acquired a new position in shares of Star during the 1st quarter worth $282,000. Bank of New York Mellon Corp bought a new position in shares of Star during the 1st quarter valued at $1,069,000. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of Star in the 1st quarter valued at $49,000. 89.31% of the stock is owned by institutional investors and hedge funds.

Star Trading Up 1.6 %

Shares of NASDAQ:STHO opened at $11.85 on Friday. Star Holdings has a 1 year low of $10.76 and a 1 year high of $17.16. The firm has a fifty day moving average price of $12.25 and a 200 day moving average price of $12.50. The company has a current ratio of 9.14, a quick ratio of 9.14 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $157.84 million and a PE ratio of -0.80.

Star (NASDAQ:STHO) last announced its earnings results on Tuesday, February 27th. The company reported $4.96 earnings per share (EPS) for the quarter. Star had a negative return on equity of 45.31% and a negative net margin of 159.60%. The firm had revenue of $37.22 million during the quarter.

Insider Activity at Star

In related news, major shareholder Cowen Inc. purchased 5,043 shares of Star stock in a transaction on Monday, March 11th. The stock was purchased at an average cost of $12.02 per share, with a total value of $60,616.86. Following the acquisition, the insider now directly owns 998,502 shares in the company, valued at $12,001,994.04. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders acquired a total of 30,253 shares of company stock worth $366,729 in the last 90 days.

About Star

Star Holdings engages in the non-ground lease related commercial real estate businesses in the United States. Its portfolio primarily comprises interest in the Asbury Park Waterfront and Magnolia Green residential development projects. Star Holdings is based in New York, New York.