Trade Report: Today: Heartland Advisors Inc. cuts position of Hudson Global Inc. (HSON)

Today: Heartland Advisors Inc. cuts position of Hudson Global Inc. (HSON)

Heartland Advisors Inc. reduced its position in Hudson Global Inc. (NASDAQ:HSON) by 0.6% during the third quarter, Holdings Channel reports. The fund owned 3,983,431 shares of the company’s stock after selling 24,134 shares during the period. Heartland Advisors Inc. owned about 0.12% of Hudson Global worth $6,134,000 as of its most recent filing with the SEC.

Separately, Frontier Investment Mgmt Co. increased 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 worth $1,028,000 after buying an additional 4,269 shares during the last quarter. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Shares of Hudson Global Inc. (NASDAQ:HSON) traded up 1.41% during midday trading on Monday, hitting $1.44. 1,417 shares of the stock were exchanged. The firm’s 50 day moving average price is $1.50 and its 200-day moving average price is $1.85. Hudson Global Inc. has a 52-week low of $1.32 and a 52-week high of $2.97. The stock’s market cap is $45.73 million.

Hudson Global (NASDAQ:HSON) last released its quarterly earnings data on Thursday, October 27th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.01) by $0.06. Hudson Global had a negative return on equity of 21.86% and a negative net margin of 2.73%. The business earned $108.10 million during the quarter, compared to the consensus estimate of $112.40 million. On average, equities research analysts expect that Hudson Global Inc. will post ($0.16) earnings per share for the current fiscal year.

Separately, Zacks Investment Research downgraded shares of Hudson Global from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 3rd.

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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.20% of the stock is owned by corporate insiders.

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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