StockNews.com Initiates Coverage on Hudson Global (NASDAQ:HSON)

StockNews.com initiated coverage on shares of Hudson Global (NASDAQ:HSON) in a research note issued on Tuesday. The brokerage set a “strong-buy” rating on the business services provider’s stock.

Hudson Global Stock Performance

NASDAQ HSON opened at $17.81 on Tuesday. The business’s 50 day moving average price is $15.10 and its 200-day moving average price is $16.29. Hudson Global has a fifty-two week low of $13.38 and a fifty-two week high of $24.25. The company has a market cap of $50.22 million, a P/E ratio of 25.81, a P/E/G ratio of 0.52 and a beta of 0.58.

Hudson Global (NASDAQ:HSON) last posted its quarterly earnings data on Thursday, March 14th. The business services provider reported $0.04 earnings per share (EPS) for the quarter. Hudson Global had a return on equity of 5.71% and a net margin of 1.36%. The company had revenue of $33.97 million during the quarter, compared to analysts’ expectations of $38.02 million. As a group, equities analysts predict that Hudson Global will post 1.73 EPS for the current year.

Hedge Funds Weigh In On Hudson Global

A number of large investors have recently bought and sold shares of the business. Mariner LLC bought a new position in shares of Hudson Global during the 3rd quarter worth $1,563,000. Millennium Management LLC bought a new position in shares of Hudson Global during the 2nd quarter worth $539,000. Renaissance Technologies LLC grew its position in shares of Hudson Global by 14.0% during the 4th quarter. Renaissance Technologies LLC now owns 98,965 shares of the business services provider’s stock worth $2,240,000 after buying an additional 12,146 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Hudson Global by 11.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 74,685 shares of the business services provider’s stock worth $3,037,000 after buying an additional 7,916 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Hudson Global by 7.2% during the 3rd quarter. Vanguard Group Inc. now owns 95,159 shares of the business services provider’s stock worth $3,200,000 after buying an additional 6,400 shares in the last quarter. Hedge funds and other institutional investors own 47.23% of the company’s stock.

About Hudson Global

Hudson Global, Inc provides talent solutions for mid-to-large-cap multinational companies and government agencies under the Hudson RPO brand in the Americas, the Asia Pacific, and Europe. It offers recruitment process outsourcing (RPO) services, such as recruitment outsourcing, project-based outsourcing, contingent workforce solutions, and recruitment consulting for clients' permanent staff hires; and RPO contracting services, including outsourced professional contract staffing and managed services.