Star Equity (NASDAQ:STRR) Trading Down 0.1% – Here’s Why

Star Equity Holdings, Inc. (NASDAQ:STRR)’s share price was down 0.1% on Friday . The stock traded as low as $9.98 and last traded at $10.05. Approximately 1,891 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 10,749 shares. The stock had previously closed at $10.06.

Analyst Ratings Changes

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

Star Equity Stock Performance

The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.83 and a current ratio of 2.07. The company has a market cap of $34.57 million, a P/E ratio of -6.36 and a beta of 0.57. The stock’s fifty day moving average price is $10.57 and its two-hundred day moving average price is $9.28.

Insider Activity

In other news, CEO Jeffrey E. Eberwein sold 16,000 shares of the business’s stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of $9.35, for a total transaction of $149,600.00. Following the completion of the transaction, the chief executive officer owned 794,217 shares of the company’s stock, valued at approximately $7,425,928.95. The trade was a 1.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders acquired 16,977 shares of company stock valued at $190,728 and sold 23,000 shares valued at $213,783. Insiders own 33.51% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mink Brook Asset Management LLC bought a new position in shares of Star Equity in the fourth quarter worth about $3,538,000. Renaissance Technologies LLC acquired a new position in Star Equity during the 4th quarter worth approximately $886,000. Rothschild Wealth LLC bought a new position in Star Equity in the 4th quarter valued at approximately $746,000. Dimensional Fund Advisors LP acquired a new stake in Star Equity in the fourth quarter valued at approximately $629,000. Finally, Manatuck Hill Partners LLC bought a new stake in shares of Star Equity during the fourth quarter worth $358,000. Institutional investors own 3.84% of the company’s stock.

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.