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

Equities research analysts at StockNews.com started coverage on shares of Hudson Global (NASDAQ:HSON) in a research report issued to clients and investors on Friday. The brokerage set a “strong-buy” rating on the business services provider’s stock.

Hudson Global Stock Performance

NASDAQ:HSON opened at $16.90 on Friday. The firm’s 50-day moving average is $15.91 and its 200-day moving average is $15.97. Hudson Global has a 52-week low of $13.38 and a 52-week high of $24.00. The company has a market cap of $47.66 million, a price-to-earnings ratio of 24.49, a PEG ratio of 0.49 and a beta of 0.61.

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 net margin of 1.36% and a return on equity of 5.71%. The company had revenue of $33.97 million for the quarter, compared to the consensus estimate of $38.02 million. Equities analysts predict that Hudson Global will post 1.73 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Hudson Global by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 142,367 shares of the business services provider’s stock worth $2,205,000 after purchasing an additional 2,814 shares during the period. Victory Capital Management Inc. bought a new stake in Hudson Global in the fourth quarter valued at about $51,000. Mariner LLC bought a new stake in Hudson Global in the third quarter valued at about $1,563,000. Royal Bank of Canada increased its stake in Hudson Global by 42.3% in the second quarter. Royal Bank of Canada now owns 6,261 shares of the business services provider’s stock valued at $134,000 after acquiring an additional 1,861 shares during the period. Finally, BlackRock Inc. increased its stake in Hudson Global by 1.1% in the second quarter. BlackRock Inc. now owns 62,110 shares of the business services provider’s stock valued at $1,337,000 after acquiring an additional 650 shares during the period. 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.