Todays Report: The Hudson Global Inc. (HSON) Issues Earnings Results, Misses Expectations By $0.06 EPS

The Hudson Global Inc. (HSON) Issues  Earnings Results, Misses Expectations By $0.06 EPS

Hudson Global Inc. (NASDAQ:HSON) announced its earnings results on Thursday. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.06. The business earned $108.10 million during the quarter, compared to analyst estimates of $112.40 million. Hudson Global had a negative net margin of 2.73% and a negative return on equity of 20.81%.

Hudson Global (NASDAQ:HSON) opened at 1.38 on Monday. The firm has a 50-day moving average of $1.59 and a 200 day moving average of $2.00. Hudson Global has a 52 week low of $1.32 and a 52 week high of $2.97. The firm’s market capitalization is $45.52 million.

Separately, Zacks Investment Research raised shares of Hudson Global from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 28th.

In other Hudson Global news, major shareholder Sagard Capital Partners, L.P. sold 1,100,000 shares of the stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $1.80, for a total value of $1,980,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 12.20% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in HSON. Renaissance Technologies LLC boosted 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 during the period. Geode Capital Management LLC boosted 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 during the period. Finally, Frontier Investment Mgmt Co. boosted 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 during the period. Institutional investors own 74.67% of the company’s stock.

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