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:
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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.
Financials
Hudson Global reported the second-quarter financial results on July 31 with the following highlights:
Outlook
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.
Competition
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.
Conclusion
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.
- The stock is purchased by three or more insiders within one month
- The stock is sold by no insiders in the month of intensive purchasing.
- At least two purchasers increase their holdings by more than 10%.
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Insider buying during the last 30 days
- Latham Williams purchased 744 shares on August 20 - September 5 pursuant to a Rule 10b5-1 trading plan. Latham Williams currently holds 41,358 shares or 0.1% of the company. Latham Williams acts as the Senior Vice President of Legal Affairs and Administration. Latham Williams increased his holdings by 1.8% during the past 30 days.
- David Offensend purchased 28,437 shares on August 20 - September 5 pursuant to a Rule 10b5-1 trading plan. David Offensend currently holds 213,001 shares or 0.7% of the company. David Offensend serves as a director of the company. David Offensend increased his holdings by 15.4% during the past 30 days.
- Stephen Nolan purchased 12,081 shares on August 23 - September 5 pursuant to a Rule 10b5-1 trading plan. Stephen Nolan currently holds 112,081 shares or 0.3% of the company. Stephen Nolan is executive vice president and chief financial officer of Hudson Global. Stephen Nolan increased his holdings by 12.1% during the past 30 days.
- Manuel Marquez purchased 12,084 shares on August 23 - September 5 pursuant to a Rule 10b5-1 trading plan. Manuel Marquez currently holds 65,240 shares or 0.2% of the company. Manuel Marquez is the chairman and chief executive officer of Hudson Global. Manuel Marquez increased his holdings by 22.7% during the past 30 days.
- Jennifer Laing purchased 7,114 shares on August 20 - September 5 pursuant to a Rule 10b5-1 trading plan. Jennifer Laing currently holds 17,114 shares or less than 0.1% of the company. Jennifer Laing serves as a director of the company. Jennifer Laing increased her holdings by 71.1% during the past 30 days.
- Robert Dubner purchased 3,000 shares on August 22-28 pursuant to a Rule 10b5-1 trading plan. Robert Dubner currently holds 3,000 shares or less than 0.1% of the company. Robert Dubner serves as a director of the company. Robert Dubner increased his holdings from zero shares to 3,000 shares during the past 30 days.
Here is a table of Hudson Global's insider-trading activity by calendar month.
| Month | Insider buying / shares | Insider selling / shares |
| September 2013 | 6,725 | 0 |
| August 2013 | 117,205 | 0 |
| July 2013 | 0 | 0 |
| June 2013 | 0 | 0 |
| May 2013 | 0 | 0 |
| April 2013 | 0 | 0 |
| March 2013 | 0 | 0 |
| February 2013 | 0 | 0 |
| January 2013 | 0 | 0 |
There have been 123,930 shares purchased and there have been zero shares sold by the insiders this year.
Financials
Hudson Global reported the second-quarter financial results on July 31 with the following highlights:
| Revenue | $171.4 million |
| Net loss | $5.8 million |
| Cash | $28.3 million |
| Debt | $0.7 million |
Outlook
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.
Competition
Hudson Global's competitors include Kelly Services (KELYA) and Robert Half International (RHI). Here is a table comparing these three companies.
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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.
Conclusion
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.
