Star Equity completes $5M share repurchase authorization

Star Equity (STRR) formerly, Hudson Global (HSON), announced that it has completed its $5 million share repurchase program authorized in August 2023. In addition, the Company’s Board of Directors has authorized a new share repurchase program under which the Company may repurchase up to $3 million of its outstanding common stock. Jeff Eberwein, Star’s CEO, noted, “Today’s announcement reflects our continued commitment to enhancing shareholder value and our Board’s confidence in the strength of Star’s business and long-term growth prospects. Our enhanced scale and improved financial position following the recently completed merger enable us to both invest in our operations and repurchase shares, and we continue to view share repurchases as an attractive use of capital.”