Star Equity Holdings, Inc. (NASDAQ:STRR) Chairman Jeffrey E. Eberwein Acquires 39,300 Shares of Stock

Star Equity Holdings, Inc. (NASDAQ:STRR – Get Rating) Chairman Jeffrey E. Eberwein purchased 39,300 shares of Star Equity stock in a transaction on Monday, May 22nd. The stock was bought at an average price of $0.93 per share, with a total value of $36,549.00. Following the transaction, the chairman now owns 3,050,932 shares of the company’s stock, valued at $2,837,366.76. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

Star Equity Stock Performance

Shares of STRR opened at $0.95 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.51 and a debt-to-equity ratio of 0.01. The business has a 50-day simple moving average of $0.83 and a two-hundred day simple moving average of $0.88. The stock has a market cap of $14.37 million, a price-to-earnings ratio of -5.00 and a beta of 0.51. Star Equity Holdings, Inc. has a 52 week low of $0.65 and a 52 week high of $1.14.

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

Institutional Trading of Star Equity

Several institutional investors have recently made changes to their positions in STRR. Virtu Financial LLC grew its position in shares of Star Equity by 239.7% during the first quarter. Virtu Financial LLC now owns 44,900 shares of the company’s stock worth $51,000 after purchasing an additional 31,684 shares in the last quarter. Millennium Management LLC grew its position in shares of Star Equity by 228.6% during the second quarter. Millennium Management LLC now owns 133,831 shares of the company’s stock worth $124,000 after purchasing an additional 93,102 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Star Equity by 149.4% during the third quarter. Vanguard Group Inc. now owns 57,481 shares of the company’s stock worth $57,000 after purchasing an additional 34,431 shares in the last quarter. Hedge funds and other institutional investors own 29.60% of the company’s stock.

Star Equity Company Profile

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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.