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NEW YORK - Star Equity Holdings, Inc. (NASDAQ:STRR), a diversified holding company with a strong balance sheet showing more cash than debt, announced Wednesday it has completed its $5 million share repurchase program that was authorized in August 2023 and approved a new $3 million share buyback initiative. According to InvestingPro data, the company maintains healthy liquidity with assets exceeding short-term obligations.
The company, formerly known as Hudson Global, Inc. (NASDAQ:HSON), recently changed its name following the completion of its merger with Star Operating Companies, Inc. on August 22, 2025. The company also updated its trading symbol on Nasdaq from HSON to STRR on September 5.
"Today’s announcement reflects our continued commitment to enhancing shareholder value and our Board’s confidence in the strength of Star’s business," said Jeff Eberwein, Star’s CEO, in a press release statement. The company’s shares currently trade at an attractive revenue multiple, according to InvestingPro analysis, which identifies several additional value indicators in its comprehensive Pro Research Report.
The new repurchase program allows the company to buy back shares through various methods including open market transactions, privately negotiated transactions, block trades, and other means in accordance with securities laws. The timing and amount of repurchases will depend on factors including stock price, market conditions, and other corporate considerations. For deeper insights into Star Equity’s valuation metrics and growth potential, investors can access detailed analysis through InvestingPro, which offers exclusive financial metrics and expert research reports.
Star Equity noted that the program does not obligate the company to acquire any specific number of shares and may be modified or discontinued at the company’s discretion.
The diversified holding company operates through four divisions: Building Solutions, Business Services, Energy Services, and Investments. The Building Solutions division manufactures modular buildings, structural wall panels, and glue-laminated timber products. The Business Services division provides recruitment solutions, while the Energy Services division deals with downhole tools for various industries including oil and gas.
In other recent news, Hudson Global, Inc. reported its Q2 2025 earnings, which showed a miss in earnings per share (EPS) but a slight beat in revenue. The EPS was reported at $0.12, falling short of the anticipated $0.17, while the revenue reached $35.5 million, surpassing the expected $34.38 million. Additionally, Hudson Global announced a merger with Star Operating Companies, Inc., with the merger set to take effect on September 5, 2025, resulting in a corporate name change to Star Equity Holdings, Inc. This merger was approved by shareholders, who also authorized the issuance of common stock related to the acquisition.
In corporate governance news, Hudson Global’s CEO, Jeffrey Eberwein, will receive half of his base salary in equity grants, with the total compensation remaining unchanged. Furthermore, Mr. Eberwein plans to purchase shares of the company’s common stock, adhering to internal policies and securities regulations. The company also announced changes to its NASDAQ ticker symbols to STRR and STRRP for its Common Stock and 10% Series A Cumulative Perpetual Preferred Stock, respectively. These developments reflect strategic shifts within Hudson Global as it progresses towards its merger and rebranding efforts.
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