Acuitas Investments LLC Purchases Shares of 98,259 Star Holdings (NASDAQ:STHO)

Acuitas Investments LLC acquired a new position in Star Holdings (NASDAQ:STHO) in the 2nd quarter, HoldingsChannel reports. The firm acquired 98,259 shares of the company’s stock, valued at approximately $1,185,000.

A number of other large investors also recently modified their holdings of STHO. Bluefin Capital Management LLC grew its holdings in Star by 0.4% during the first quarter. Bluefin Capital Management LLC now owns 347,207 shares of the company’s stock worth $4,486,000 after buying an additional 1,269 shares in the last quarter. TCW Group Inc. grew its stake in shares of Star by 2.2% in the 2nd quarter. TCW Group Inc. now owns 335,450 shares of the company’s stock worth $4,046,000 after acquiring an additional 7,100 shares in the last quarter. Howard Financial Services LTD. purchased a new stake in shares of Star in the first quarter valued at about $245,000. Jacobs Levy Equity Management Inc. purchased a new stake in Star in the 1st quarter valued at about $456,000. Finally, Corsair Capital Management L.P. bought a new position in shares of Star during the 4th quarter worth approximately $824,000. Institutional investors own 89.31% of the company’s stock.

Star Price Performance

Shares of NASDAQ STHO opened at $13.14 on Friday. The company has a quick ratio of 7.26, a current ratio of 7.26 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $175.02 million, a PE ratio of -1.13 and a beta of 1.47. The stock’s 50 day moving average price is $12.70 and its 200-day moving average price is $12.54. Star Holdings has a twelve month low of $10.76 and a twelve month high of $15.31.

Star (NASDAQ:STHO) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.71) earnings per share (EPS) for the quarter. The business had revenue of $30.55 million during the quarter. Star had a negative net margin of 67.12% and a negative return on equity of 9.50%.

Star Company Profile

Star Holdings engages in the non-ground lease related commercial real estate businesses in the United States. Its portfolio primarily comprises interest in the Asbury Park Waterfront and Magnolia Green residential development projects. Star Holdings is based in New York, New York.