Welcome to our dedicated page for Star Equity Holdings news (Ticker: STRRP), a resource for investors and traders seeking the latest updates and insights on Star Equity Holdings stock.
Star Equity Holdings, Inc.’s 10% Series A Cumulative Perpetual Preferred Stock (Nasdaq: STRRP) is tied to a diversified holding company that regularly issues news across several operating areas and corporate topics. Company communications describe Star Equity as seeking to build long-term shareholder value by acquiring, managing, and growing businesses with strong fundamentals and market opportunities, and this strategy is reflected in its news flow.
Investors following STRRP can expect news related to the company’s four primary divisions: Building Solutions, Business Services, Energy Services, and Investments. Building Solutions updates may cover modular building manufacturing activity, structural wall panel and wood foundation projects, and glulam component production. Business Services news often focuses on recruitment solutions for global clients and developments within Hudson Talent Solutions, the rebranded Hudson RPO subsidiary. Energy Services announcements may discuss the rental, sale, and repair of downhole tools used in oil and gas, geothermal, mining, and water-well industries. The Investments division appears in news about real estate holdings and positions in private and public companies.
Beyond operating segments, STRRP-related coverage includes dividend declarations on the 10% Series A Cumulative Perpetual Preferred Stock, quarterly and annual financial results, and capital allocation decisions such as share repurchase programs. Merger and integration updates have also been prominent, including the completed merger with Hudson Global, the subsequent name and ticker changes, and the transition to a larger multi-sector holding company structure.
News items further highlight conference presentations, investor events, and corporate governance actions documented in SEC filings, such as Form 8-K reports on material events and voting results. For users tracking STRRP, this news page provides a centralized view of how the combined company’s strategy, segment performance, and corporate actions may affect the preferred stock over time. Bookmarking this page allows readers to monitor ongoing disclosures, dividend announcements, and segment-level developments connected to the STRRP security.
Star Equity Holdings (Nasdaq: STRR; STRRP) announced its participation in the Access to Giving Virtual Conference on July 15, 2021, with a presentation scheduled for 3:30 pm ET. The event will allow investors to access the presentation live online. Additionally, Star Equity's management will engage with investors throughout the day, enhancing investor interaction.
Star Equity operates three business divisions: Healthcare, Construction, and Investments, focusing on diverse operations including diagnostic imaging products and modular housing manufacturing.
Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) has adopted a Rights Agreement effective immediately, aiming to protect its significant net operating loss carryforwards (NOLs) of approximately $94.9 million as of December 31, 2020. This agreement, subject to stockholder approval at the 2021 annual meeting, prevents ownership changes that could limit tax benefits under Section 382 of the Internal Revenue Code. A dividend of one right to purchase preferred stock will be issued to stockholders of record as of June 14, 2021. The agreement is effective until June 2, 2024.
Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) announced a dividend of $0.25 per share for its 10% Series A Cumulative Perpetual Preferred Stock. The record date for this dividend is June 1, 2021, with payment scheduled for June 11, 2021. This decision reflects the Company's commitment to returning value to its shareholders while managing its diverse operations across Healthcare, Construction, and Investments. The Company emphasizes its focus on growth despite the inherent risks associated with its significant debt obligations.
Star Equity Holdings (Nasdaq: STRR; STRRP) will present at the Sidoti Virtual Microcap Conference on May 20, 2021, at 11:30 am ET. The event will be hosted in Virtual Estate Room #1, with live streaming available through a provided link. Star Equity is a diversified holding company with three primary divisions: Healthcare, Construction, and Investments. Investors can download a PDF version of the presentation from the company's investor relations section on their website.
Star Equity Holdings (Nasdaq: STRR; STRRP) reported a Q1 2021 net loss of $0.6 million or $0.12 per share, improving from a loss of $2.4 million in Q1 2020. Total revenues rose 16.5% to $22.4 million primarily driven by a 65% revenue increase in the Construction division. However, gross profit decreased to $3.1 million, with Healthcare revenues dropping 2.7%. Significant asset sales bolstered the company’s balance sheet, reducing net debt to $3.5 million.
Star Equity Holdings (Nasdaq: STRR; STRRP) will release its first quarter financial results for 2021 before the market opens on May 14, 2021. A conference call at 10:00 a.m. ET will follow to discuss these results and management’s outlook. Investors can access the call via phone or through a live webcast on the Star Equity website. Star Equity operates in three business divisions: Healthcare, Construction, and Investments, focusing on diagnostic imaging, modular construction, and real estate asset management.
Star Equity Holdings (Nasdaq: STRR; STRRP) has completed the sale of DMS Health Technologies for $18.75 million in cash, enhancing its balance sheet. The divestiture, along with a previous asset sale for $1.4 million, allows the company to focus on lower capex and higher margin segments within its Healthcare division. CEO Matt Molchan stated the sales team aims to expand its client base for Digirad branded imaging products. This strategic move positions Star Equity for future acquisitions and investments in high-return sectors.
Star Equity Holdings (Nasdaq: STRR; STRRP) announced participation in the Maxim Inaugural Emerging Growth Virtual Conference on March 18, 2021. The company, a diversified holding entity with divisions in Digirad Health, Star Building & Construction, and Star Real Estate & Investments, will present and host 1x1 virtual meetings post-conference. Interested investors can access the presentation and download a PDF via the company’s Investor Relations section on its website.
Star Equity Holdings reported its financial results for Q4 and FY 2020, showing a 9.5% decline in total revenue from continuing operations at $23.1 million, down from $25.6 million in Q4 2019. The company faced a net loss of $5.3 million for FY 2020, compared to a loss of $2.7 million in FY 2019. Despite the challenges posed by the COVID-19 pandemic, the Star Building & Construction division saw revenue growth of 15.1% in Q4 compared to the previous year. The company plans to strengthen operations and leverage estimated cash proceeds of $18 million from asset sales.