Hudson Global Inc. (HSON) Rating Increased to Hold at Zacks Investment Research
Hudson Global Inc. (NASDAQ:HSON) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report issued on Wednesday.
According to Zacks, “Hudson Global, Inc. provides recruitment and related talent solutions worldwide. The services offered by the Company include Permanent Recruitment, Contract Consulting, Legal eDiscovery, Recruitment Process Outsourcing and Talent Management solutions. Its clients include small to large-sized corporations and government agencies. Hudson Global, Inc., formerly known as Hudson Highland Group, Inc., is based in New York. “
Hudson Global (NASDAQ:HSON) opened at 1.61 on Wednesday. The firm has a 50 day moving average of $1.70 and a 200 day moving average of $2.13. The firm’s market capitalization is $53.10 million. Hudson Global has a one year low of $1.46 and a one year high of $2.98.
Hudson Global (NASDAQ:HSON) last issued its quarterly earnings data on Thursday, July 28th. The company reported ($0.09) earnings per share (EPS) for the quarter. The company had revenue of $113.07 million for the quarter, compared to the consensus estimate of $108.30 million. Hudson Global had a negative net margin of 2.63% and a negative return on equity of 19.88%. Equities analysts forecast that Hudson Global will post ($0.16) EPS for the current year.
In related news, major shareholder Sagard Capital Partners, L.P. sold 1,100,000 shares of Hudson Global stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $1.80, for a total value of $1,980,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 12.20% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in shares of Hudson Global by 2.3% in the first quarter. Geode Capital Management LLC now owns 95,731 shares of the company’s stock valued at $226,000 after buying an additional 2,119 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Hudson Global by 14.8% in the first quarter. Renaissance Technologies LLC now owns 248,096 shares of the company’s stock valued at $588,000 after buying an additional 31,996 shares in the last quarter. Finally, Frontier Investment Mgmt Co. boosted its stake in shares of Hudson Global by 0.8% in the second quarter. Frontier Investment Mgmt Co. now owns 521,901 shares of the company’s stock valued at $1,028,000 after buying an additional 4,269 shares in the last quarter. 74.67% of the stock is owned by hedge funds and other institutional investors.
About Hudson Global
Hudson Global, Inc (Hudson) is a provider of professional-level recruitment and related talent solutions across the world. The Company’s segments include Hudson Americas, Hudson Asia Pacific and Hudson Europe. Its service offerings include Permanent Recruitment, Temporary Contracting, Recruitment Process Outsourcing (RPO) and Talent Management solutions.
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