Tower Research Capital LLC TRC Has $26,000 Stock Holdings in Star Holdings (NASDAQ:STHO)

Tower Research Capital LLC TRC increased its stake in shares of Star Holdings (NASDAQ:STHO) by 196.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,658 shares of the company’s stock after purchasing an additional 1,761 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Star were worth $26,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in STHO. PNC Financial Services Group Inc. increased its position in Star by 298.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,453 shares of the company’s stock worth $43,000 after purchasing an additional 3,335 shares in the last quarter. Russell Investments Group Ltd. increased its position in Star by 725.2% during the 4th quarter. Russell Investments Group Ltd. now owns 5,562 shares of the company’s stock worth $54,000 after purchasing an additional 4,888 shares in the last quarter. Wells Fargo & Company MN increased its position in Star by 18.9% during the 4th quarter. Wells Fargo & Company MN now owns 9,413 shares of the company’s stock worth $92,000 after purchasing an additional 1,494 shares in the last quarter. Tilson Financial Group Inc. acquired a new position in Star during the 4th quarter worth approximately $132,000. Finally, Norges Bank acquired a new position in Star during the 4th quarter worth approximately $189,000. 89.31% of the stock is currently owned by institutional investors and hedge funds.

Star Price Performance

STHO stock opened at $6.29 on Friday. Star Holdings has a 1 year low of $6.09 and a 1 year high of $14.50. The company has a debt-to-equity ratio of 0.63, a current ratio of 7.24 and a quick ratio of 9.23. The stock has a market cap of $83.78 million, a price-to-earnings ratio of -0.96 and a beta of 1.23. The company has a 50 day simple moving average of $7.11 and a 200 day simple moving average of $8.91.

Star (NASDAQ:STHO) last posted its earnings results on Monday, May 12th. The company reported ($0.81) earnings per share for the quarter. Star had a negative return on equity of 33.53% and a negative net margin of 76.57%. The business had revenue of $14.62 million for the quarter.

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.