Star Equity (NASDAQ:STRR) Trading Down 0.1% – Should You Sell?

Star Equity Holdings, Inc. (NASDAQ:STRR) shares dropped 0.1% during trading on Friday . The company traded as low as $9.98 and last traded at $10.05. Approximately 1,891 shares changed hands 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.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on STRR shares. Zacks Research lowered Star Equity from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 20th. 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 target on the stock. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Star Equity in a research note on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $13.00.

Star Equity Stock Down 0.1%

The stock has a 50-day moving average price of $10.57 and a 200-day moving average price of $9.28. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.07 and a quick ratio of 1.83. The company has a market capitalization of $34.57 million, a P/E ratio of -6.36 and a beta of 0.57.

Insider Transactions at Star Equity

In other news, CEO Jeffrey E. Eberwein sold 16,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 24th. The shares were 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 approximately $7,425,928.95. The trade was a 1.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have purchased 16,977 shares of company stock worth $190,728 and have sold 23,000 shares worth $213,783. Insiders own 33.51% of the company’s stock.

Institutional Investors Weigh In On Star Equity

Several large investors have recently modified their holdings of the company. Geode Capital Management LLC acquired a new position in Star Equity in the fourth quarter valued at $352,000. Heartland Advisors Inc. bought a new position in shares of Star Equity in the 4th quarter worth about $140,000. Dimensional Fund Advisors LP acquired a new position in shares of Star Equity in the 4th quarter valued at about $629,000. Renaissance Technologies LLC acquired a new position in shares of Star Equity in the 4th quarter valued at about $886,000. Finally, DRW Securities LLC bought a new stake in shares of Star Equity during the 4th quarter valued at about $268,000. 3.84% of the stock is currently owned by institutional investors and hedge funds.

Star Equity Company Profile

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.