Star Equity (NASDAQ:STRR) Upgraded at Zacks Research

Zacks Research upgraded shares of Star Equity (NASDAQ:STRR) from a strong sell rating to a hold rating in a research note published on Monday morning,Zacks.com reports.

Several other research firms have also commented on STRR. Noble Financial raised Star Equity to a “strong-buy” rating in a research report on Wednesday, March 4th. Litchfield Hills Research initiated coverage on Star Equity in a report on Tuesday, December 16th. They issued a “buy” rating and a $21.00 price objective for the company. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Star Equity in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Star Equity presently has a consensus rating of “Hold” and an average target price of $13.00.

Star Equity Stock Down 0.7%

STRR opened at $9.80 on Monday. Star Equity has a one year low of $8.26 and a one year high of $11.99. 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 stock has a market capitalization of $33.71 million, a P/E ratio of -6.20 and a beta of 0.58. The business’s 50-day simple moving average is $10.29 and its 200-day simple moving average is $10.04.

Insider Activity

In related news, CEO Jeffrey E. Eberwein sold 16,000 shares of the business’s stock in a transaction dated Wednesday, December 24th. The stock was sold at an average price of $9.35, for a total value of $149,600.00. Following the transaction, the chief executive officer owned 794,217 shares in the company, valued at $7,425,928.95. The trade was a 1.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders bought 16,977 shares of company stock worth $190,728 and sold 23,000 shares worth $213,783. 33.51% of the stock is currently owned by corporate insiders.

Institutional Trading of Star Equity

A number of hedge funds have recently added to or reduced their stakes in STRR. Heartland Advisors Inc. purchased a new position in shares of Star Equity in the 4th quarter valued at approximately $140,000. DRW Securities LLC purchased a new stake in shares of Star Equity during the fourth quarter worth approximately $268,000. Bridgeway Capital Management LLC purchased a new stake in shares of Star Equity during the fourth quarter worth approximately $276,000. RBF Capital LLC acquired a new stake in shares of Star Equity during the fourth quarter worth $316,000. Finally, Geode Capital Management LLC acquired a new stake in shares of Star Equity during the fourth quarter worth $352,000. 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.