Bluefin Capital Management LLC Raises Stock Holdings in Star Holdings (NASDAQ:STHO)

Bluefin Capital Management LLC increased its stake in shares of Star Holdings (NASDAQ:STHO) by 1.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 351,518 shares of the company’s stock after purchasing an additional 4,311 shares during the quarter. Star makes up 1.0% of Bluefin Capital Management LLC’s holdings, making the stock its 11th largest position. Bluefin Capital Management LLC owned 2.64% of Star worth $4,239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cowen AND Company LLC grew its holdings in Star by 2,106.2% during the second quarter. Cowen AND Company LLC now owns 1,319,596 shares of the company’s stock worth $15,905,000 after acquiring an additional 1,259,784 shares during the period. Vanguard Group Inc. grew its holdings in Star by 36.7% during the first quarter. Vanguard Group Inc. now owns 910,496 shares of the company’s stock worth $11,764,000 after acquiring an additional 244,256 shares during the period. Ursa Fund Management LLC grew its holdings in Star by 28.4% during the first quarter. Ursa Fund Management LLC now owns 372,337 shares of the company’s stock worth $4,811,000 after acquiring an additional 82,337 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Star by 23.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 342,755 shares of the company’s stock worth $5,134,000 after acquiring an additional 64,569 shares during the period. Finally, TCW Group Inc. grew its holdings in Star by 2.2% in the second quarter. TCW Group Inc. now owns 335,450 shares of the company’s stock valued at $4,046,000 after purchasing an additional 7,100 shares during the period. 89.31% of the stock is currently owned by hedge funds and other institutional investors.

Star Stock Down 2.2 %

Star stock opened at $13.54 on Wednesday. The stock has a market capitalization of $180.35 million, a PE ratio of -1.17 and a beta of 1.47. Star Holdings has a 12 month low of $10.76 and a 12 month high of $15.31. The business has a 50 day simple moving average of $13.24 and a 200-day simple moving average of $12.74. The company has a debt-to-equity ratio of 0.55, a current ratio of 7.26 and a quick ratio of 7.26.

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

Star 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.