Heartland Advisors Trims Hudson Global Stake by 36,510 Shares, Leaving 170,584 Shares

Heartland Advisors Inc. reduced its stake in Hudson Global Inc. by 36,510 shares, a 17.63% decrease, at $8.67 per share. This strategic move by the investment management firm may indicate a reassessment of Hudson Global's future prospects or a rebalancing of its portfolio. Hudson Global operates in recruitment and talent solutions and has a market capitalization of $33.841 million, with a current stock price of $9.67.

Hudson Global Inc. (Nasdaq: HSON) and Star Equity Holdings Inc. (Nasdaq: STRR; STRRP) have successfully completed their merger, forming a larger, diversified holding company. The merger, which received stockholder approval from both companies, was finalized on August 21, 2025 [1].

The new entity, to be renamed Star Equity Holdings Inc., will operate under the ticker symbols STRR and STRRP for its common and preferred stock, respectively. The common stock of Hudson Global will continue to trade under the symbol HSON, while the Hudson Global 10% Series A Cumulative Perpetual Preferred Stock will trade under the ticker symbol HSONP starting August 22, 2025 [1].

In the merger, each share of Star's common stock was converted into 0.23 shares of Hudson Global common stock, and each share of Star's preferred stock was converted into one share of Hudson Global's 10% Series A Cumulative Perpetual Preferred Stock. The combined company expects to change its name and ticker symbols in the coming weeks [1].

Hudson Global's CEO, Jeff Eberwein, expressed gratitude to the stockholders and independent directors of both companies for their efforts in completing the merger. He noted that the merger creates new opportunities for the combined company, leveraging its size, diversified revenue streams, profitability, and increased market capitalization [1].

The merger has resulted in a larger, multi-sector holding company with pro-forma annualized revenues of $210 million and greater revenue diversity. The combined company's increased market capitalization and net operating losses (NOLs) of $240 million enhance its prospects for future growth and potential inclusion in the Russell 2000 index [1].

Meanwhile, Heartland Advisors Inc. has reduced its stake in Hudson Global by 36,510 shares, a 17.63% decrease, at $8.67 per share. This strategic move by the investment management firm may indicate a reassessment of Hudson Global's future prospects or a rebalancing of its portfolio. Hudson Global operates in recruitment and talent solutions and has a market capitalization of $33.841 million, with a current stock price of $9.67 [2].

References:
[1] https://mx.advfn.com/bolsa-de-valores/NASDAQ/STRR/noticias/96689049/hudson-global-and-star-equity-holdings-announce-cl
[2] [Heartland Advisors Inc. Reduced Stake in Hudson Global Inc.]