Tower Research Capital LLC TRC Has $45,000 Stock Holdings in Star Holdings (NASDAQ:STHO)

Tower Research Capital LLC TRC boosted its holdings in shares of Star Holdings (NASDAQ:STHO) by 300.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,018 shares of the company’s stock after buying an additional 2,264 shares during the period. Tower Research Capital LLC TRC’s holdings in Star were worth $45,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in Star during the fourth quarter worth $105,000. Ursa Fund Management LLC raised its holdings in Star by 18.4% during the fourth quarter. Ursa Fund Management LLC now owns 290,000 shares of the company’s stock worth $4,344,000 after buying an additional 45,000 shares during the last quarter. Cowen Investment Management LLC raised its holdings in Star by 53.5% during the third quarter. Cowen Investment Management LLC now owns 1,012,867 shares of the company’s stock worth $12,681,000 after buying an additional 353,078 shares during the last quarter. Saba Capital Management L.P. raised its holdings in Star by 263.8% during the third quarter. Saba Capital Management L.P. now owns 559,321 shares of the company’s stock worth $7,003,000 after buying an additional 405,584 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Star by 272.7% in the third quarter. PNC Financial Services Group Inc. now owns 2,296 shares of the company’s stock valued at $29,000 after purchasing an additional 1,680 shares during the last quarter. Institutional investors and hedge funds own 89.31% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Cowen Inc. acquired 15,903 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was acquired at an average price of $12.22 per share, for a total transaction of $194,334.66. Following the completion of the acquisition, the insider now owns 1,000,920 shares of the company’s stock, valued at approximately $12,231,242.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders purchased 30,253 shares of company stock worth $366,729. Insiders own 3.70% of the company’s stock.

Star Stock Up 2.1 %

Shares of STHO stock traded up $0.25 on Thursday, hitting $12.36. The stock had a trading volume of 18,021 shares, compared to its average volume of 69,075. The business has a 50 day moving average of $12.22 and a 200 day moving average of $12.49. The stock has a market cap of $164.64 million, a price-to-earnings ratio of -0.84 and a beta of 1.49. The company has a debt-to-equity ratio of 0.44, a current ratio of 9.14 and a quick ratio of 9.14. Star Holdings has a 12-month low of $10.76 and a 12-month high of $17.07.

Star (NASDAQ:STHO) last announced its earnings results on Tuesday, February 27th. The company reported $4.96 EPS for the quarter. The company had revenue of $37.22 million during the quarter. Star had a negative net margin of 159.60% and a negative return on equity of 45.31%.

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.