Star Equity (NASDAQ:STRR) Raised to Strong-Buy at Noble Financial

Star Equity (NASDAQ:STRR) was upgraded by Noble Financial to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other analysts have also recently weighed in on STRR. Litchfield Hills Research began coverage on shares of Star Equity in a report on Tuesday, December 16th. They set a “buy” rating and a $21.00 target price for the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Star Equity in a research report on Thursday, January 22nd. Finally, Zacks Research lowered Star Equity from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $13.00.

Star Equity Price Performance

Shares of NASDAQ STRR opened at $10.05 on Wednesday. Star Equity has a twelve month low of $8.26 and a twelve month high of $11.99. The company has a current ratio of 2.07, a quick ratio of 1.83 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average of $10.38 and a two-hundred day moving average of $9.77. The company has a market capitalization of $34.57 million, a price-to-earnings ratio of -6.36 and a beta of 0.58.

Insider Activity at Star Equity

In related news, CEO Jeffrey E. Eberwein sold 4,365 shares of the firm’s stock in a transaction that occurred on Tuesday, December 30th. The shares were sold at an average price of $9.12, for a total value of $39,808.80. Following the completion of the transaction, the chief executive officer owned 787,217 shares of the company’s stock, valued at approximately $7,179,419.04. This trade represents a 0.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last three months, insiders have purchased 16,977 shares of company stock valued at $190,728 and have sold 23,000 shares valued at $213,783. Company insiders own 33.51% of the company’s stock.

Institutional Trading of Star Equity

Large investors have recently added to or reduced their stakes in the company. Manatuck Hill Partners LLC acquired a new stake in shares of Star Equity in the fourth quarter worth $358,000. Bridgeway Capital Management LLC acquired a new position in Star Equity during the fourth quarter valued at $276,000. Rothschild Wealth LLC acquired a new stake in Star Equity during the 4th quarter worth about $746,000. RBF Capital LLC acquired a new stake in Star Equity during the 4th quarter worth about $316,000. Finally, Mink Brook Asset Management LLC purchased a new position in Star Equity during the 4th quarter valued at about $3,538,000. 3.84% of the stock is owned by institutional investors and hedge funds.

About Star Equity

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.