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Insiders Are Buying Hudson Global
Posted by: Markus Aarnio (IP Logged)
Date: September 10, 2013 05:18PM
In this article, I will feature one talent services company that has seen intensive insider buying during the last 30 days. Intensive insider buying can be defined by the following three criteria:
(click to enlarge)
Insider buying during the last 30 days
Here is a table of Hudson Global's insider-trading activity by calendar month.
There have been 123,930 shares purchased and there have been zero shares sold by the insiders this year.
Hudson Global reported the second-quarter financial results on July 31 with the following highlights:
Given the slower seasonal period of the third quarter and current economic conditions, Hudson Global expects third quarter 2013 revenue of between $165 million to $175 million and adjusted EBITDA to be between negative $3 million and negative $5 million at prevailing exchange rates before restructuring charges. The company anticipates the remaining $0.8 million of board approved restructuring charges to be incurred in the second half of 2013. In the third quarter of 2012, revenue was $187.9 million and adjusted EBITDA was $1.5 million.
Hudson Global's competitors include Kelly Services (KELYA) and Robert Half International (RHI). Here is a table comparing these three companies.
Hudson Global has the second lowest P/S ratio among these three companies. Kelly Services has seen five insider sell transactions this year. Robert Half International has seen two insider sell transactions this year.
There have been six different insiders buying Hudson Global and there have not been any insiders selling Hudson Global during the last 30 days. Five out of these six insiders increased their holdings by more than 10%. Hudson Global has an insider ownership of 1.70%.
There are two analyst buy ratings, one neutral rating and zero sell ratings with an average target price of $3.67. Hudson Global has a book value of $2.70 per share. I believe the stock could be a good pick at the book value of $2.70 per share.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Stocks Discussed: HSON, KELYA, RHI,
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