Hudson Global Inc. (NASDAQ:HSON) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors 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’s market capitalization is $53.10 million. Hudson Global has a 52-week low of $1.46 and a 52-week high of $2.98. The stock’s 50 day moving average price is $1.70 and its 200 day moving average price is $2.13.
Hudson Global (NASDAQ:HSON) last released its earnings results 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 analyst estimates of $108.30 million. Hudson Global had a negative return on equity of 19.88% and a negative net margin of 2.63%. On average, equities analysts anticipate that Hudson Global will post ($0.16) earnings per share for the current fiscal year.
In related news, major shareholder Sagard Capital Partners, L.P. sold 1,100,000 shares of the firm’s 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 document filed with the SEC, which can be accessed through the SEC website. 12.20% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its position in 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. Frontier Investment Mgmt Co. increased its position in 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. Finally, Renaissance Technologies LLC increased its position in 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. Hedge funds and other institutional investors own 74.67% of the company’s stock.
Hudson Global Company Profile
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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