Star Equity (STRR) to Release Quarterly Earnings on Friday

Star Equity (NASDAQ:STRR) is projected to release its results before the market opens on Friday, March 13th. Analysts expect Star Equity to post earnings of $0.13 per share and revenue of $59.0750 million for the quarter.

Star Equity Trading Up 1.2%

Shares of STRR opened at $10.05 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.07 and a quick ratio of 1.83. Star Equity has a 12 month low of $8.26 and a 12 month high of $11.99. The stock has a market cap of $34.57 million, a PE ratio of -6.36 and a beta of 0.58. The stock’s 50-day moving average is $10.38 and its two-hundred day moving average is $9.77.

Insiders Place Their Bets

In other Star Equity news, CEO Jeffrey E. Eberwein sold 4,365 shares of the stock in a transaction on Tuesday, December 30th. The shares were sold at an average price of $9.12, for a total transaction of $39,808.80. Following the sale, the chief executive officer directly owned 787,217 shares of the company’s stock, valued at approximately $7,179,419.04. This represents a 0.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders have acquired 16,977 shares of company stock worth $190,728 and have sold 23,000 shares worth $213,783. 33.51% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Star Equity

Several institutional investors and hedge funds have recently bought and sold shares of STRR. Mink Brook Asset Management LLC bought a new position in shares of Star Equity during the fourth quarter valued at approximately $3,538,000. Renaissance Technologies LLC acquired a new stake in Star Equity in the fourth quarter worth about $886,000. Rothschild Wealth LLC bought a new position in shares of Star Equity in the fourth quarter valued at approximately $746,000. Dimensional Fund Advisors LP bought a new position in Star Equity during the 4th quarter valued at $629,000. Finally, Geode Capital Management LLC acquired a new position in Star Equity during the fourth quarter worth about $352,000. Institutional investors and hedge funds own 3.84% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on STRR. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Star Equity in a research report on Thursday, January 22nd. Zacks Research downgraded Star Equity from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 20th. Litchfield Hills Research initiated coverage on Star Equity in a research report on Tuesday, December 16th. They set a “buy” rating and a $21.00 target price on the stock. Finally, Noble Financial upgraded Star Equity to a “strong-buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Star Equity currently has a consensus rating of “Hold” and a consensus price target of $13.00.

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.