Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Richard Kenneth Jr. Coleman Acquires 25,000 Shares

Star Equity Holdings, Inc. (NASDAQ:STRR – Get Rating) CEO Richard Kenneth Jr. Coleman acquired 25,000 shares of the firm’s stock in a transaction on Wednesday, May 17th. The shares were bought at an average cost of $0.83 per share, for a total transaction of $20,750.00. Following the completion of the acquisition, the chief executive officer now directly owns 101,474 shares of the company’s stock, valued at approximately $84,223.42. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Star Equity Stock Up 3.5 %

NASDAQ STRR opened at $0.95 on Monday. The company has a market capitalization of $14.41 million, a price-to-earnings ratio of -5.01 and a beta of 0.51. The company has a current ratio of 1.51, a quick ratio of 1.04 and a debt-to-equity ratio of 0.01. Star Equity Holdings, Inc. has a 1-year low of $0.65 and a 1-year high of $1.14. The stock’s 50 day moving average is $0.83 and its two-hundred day moving average is $0.88.

Star Equity (NASDAQ:STRR – Get Rating) last announced its earnings results on Wednesday, March 15th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.16. The business had revenue of $32.14 million for the quarter, compared to the consensus estimate of $27.00 million. Star Equity had a positive return on equity of 16.11% and a negative net margin of 0.99%. Equities analysts forecast that Star Equity Holdings, Inc. will post 0.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of STRR. Virtu Financial LLC boosted its holdings in shares of Star Equity by 239.7% in the 1st quarter. Virtu Financial LLC now owns 44,900 shares of the company’s stock worth $51,000 after acquiring an additional 31,684 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Star Equity by 228.6% in the 2nd quarter. Millennium Management LLC now owns 133,831 shares of the company’s stock worth $124,000 after acquiring an additional 93,102 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Star Equity by 149.4% in the 3rd quarter. Vanguard Group Inc. now owns 57,481 shares of the company’s stock worth $57,000 after acquiring an additional 34,431 shares in the last quarter. 29.60% of the stock is owned by institutional investors and hedge funds.

About Star Equity

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Star Equity Holdings, Inc engages in the business of healthcare and construction. It operates through the following segments: Healthcare, Construction, and Investments. The Healthcare segment offers imaging systems, qualified personnel, radiopharmaceuticals, licensing services, and logistics. The Construction segment manufactures modular housing units, structural wall panels, permanent wood foundation systems, other engineered wood products, and supplies general contractors with building materials.