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Star Equity Holdings Inc - STRR STOCK NEWS

Welcome to our dedicated news page for Star Equity Holdings (Ticker: STRR), a resource for investors and traders seeking the latest updates and insights on Star Equity Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Star Equity Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Star Equity Holdings's position in the market.

News
Star Equity Holdings Announces its KBS Builders Business Unit Closed a $4 Million Revolving Line of Credit with KeyBank
Rhea-AI Summary
Star Equity Holdings announced that its KBS Builders business unit closed a $4 million revolving line of credit with KeyBank. The LOC will be used for working capital and growth initiatives, providing financial flexibility. The credit facility has a maturity date of April 30, 2025, with an interest rate of SOFR plus a 3.00% margin.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.15%
Tags
none
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News
Star Equity Holdings, Inc. Announces 2023 Fourth Quarter and Full Year Financial Results
Rhea-AI Summary
Star Equity Holdings, Inc. reported financial results for Q4 and FY 2023, ending with $18.9 million in cash. Revenues and gross profit decreased in Q4 compared to 2022, while net income improved. The Construction division saw a decline in revenue but improved gross margins. Investments division revenue remained stable. Operating expenses varied, resulting in a net loss for FY 2023. Cash flow from operations turned positive, with a decrease in debt. The Company remains focused on strategic acquisitions and growth opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.37%
Tags
earnings
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News
Star Equity Holdings to Release Fourth Quarter 2023 Financial Results on March 22nd
Rhea-AI Summary
Star Equity Holdings, Inc. will release its Q4 2023 financial results on March 22, 2024. A conference call will be held to discuss the results and management's outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.1%
Tags
earnings
News
Star Equity Holdings, Inc. Declares Cash Dividend of $0.25 Per Share of 10% Series A Cumulative Perpetual Preferred Stock
Rhea-AI Summary
Star Equity Holdings, Inc. declares a cash dividend of $0.25 per share for its 10% Series A Cumulative Perpetual Preferred Stock. The record date is March 1, 2024, with a payment date of March 11, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.04%
Tags
dividends
-
News
Star Equity Holdings Announces $5.9 Million Sale-Leaseback Transaction
Rhea-AI Summary
Star Equity Holdings, Inc. has announced a sale-leaseback agreement for its South Paris, Maine facility, with the real estate arm of the company's Investments division. The transaction is valued at $5.935 million, with a 20-year lease agreement and the potential for a 20-year extension. The company's modular manufacturing business, KBS Builders, Inc., will continue to operate the facility with no impact on its operations. The CFO, David Noble, expressed excitement about the value-unlocking transaction and the company's ability to fund its growth strategy and redeploy cash into EBITDA-generating assets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.06%
Tags
none
-
News
KBS Builders Wins $2 Million Contract for Nantucket Workforce Housing Project
Rhea-AI Summary
Star Equity Holdings, Inc. announced that its subsidiary, KBS Builders, Inc., has secured a $2 million contract to manufacture modular units for affordable workforce housing in Nantucket, MA. The contract involves constructing a multi-family building with 20 apartments, addressing housing shortages for the local community. The CEO, Rick Coleman, expressed enthusiasm for the new contract and highlighted KBS' essential role in providing affordable housing solutions in the New England area.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.06%
Tags
none
News
Star Equity Holdings, Inc. Declares Cash Dividend of $0.25 Per Share of 10% Series A Cumulative Perpetual Preferred Stock
Rhea-AI Summary
Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) Announces Cash Dividend for Series A Cumulative Perpetual Preferred Stock
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.32%
Tags
dividends
-
News
Star Equity Holdings, Inc. Announces 2023 Third Quarter Financial Results
Rhea-AI Summary
Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) reported Q3 2023 financial results, ending with $20.7 million in cash and cash equivalents. Revenues decreased by 6.1% to $10.4 million, and gross profit decreased by 28.3% to $2.2 million. Non-GAAP adjusted EBITDA was a loss of $14 thousand. Year-to-date 2023 revenues decreased by 19.9% to $31.7 million, while gross profit increased by 29.9% to $9.1 million. Net loss from continuing operations was $3.7 million, and debt decreased to $0.5 million. The company's acquisition of Big Lake Lumber represents an important step in its growth strategy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.15%
Tags
earnings
-
News
Star Equity Holdings Announces Acquisition of Big Lake Lumber
Rhea-AI Summary
Star Equity Holdings, Inc. has completed the acquisition of Big Lake Lumber, Inc., a Minneapolis-based building supply center and lumber yard. The acquisition positions Star's Glenbrook Building Supply as a regional player in the twin cities metro area and diversifies Glenbrook's revenue mix. Star will remain composed of two divisions: Construction and Investments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
acquisition
News
KBS Builders Wins $1.9 Million Initial Contract for a Multi-Phase Affordable Housing Project in Maine
Rhea-AI Summary
Star Equity Holdings, Inc. announced that its KBS Builders, Inc. business has signed a $1.9 million initial contract to manufacture 12 modules for an affordable housing project in rural Maine. The project aims to provide 18 affordable rental units that conform to local architecture and maintain the historic integrity of the neighborhood. The units are expected to be ready for occupancy by early spring 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.27%
Tags
none
Stock STRR logo
Star Equity Holdings Inc

Nasdaq:STRR

STRR Rankings

#5271 Ranked by Market Cap
#2801 Ranked by Stock Gains
N/A Ranked by Dividends

STRR Stock Data

14.18M
10.89M
31.29%
3.83%
1.53%
Dental Laboratories
Manufacturing
Link
US
Suwanee

About STRR

star equity holdings, inc. is a diversified holding company committed to growing stockholder value through excellence in operations, strategy, and capital allocation.