Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Interface, Inc. (TILE) & Hudson Global Inc (HSON): Will Insider Purchases Take Them Higher?

Investing without an edge is like throwing darts on a board. Retail investors often complain that they can’t have an edge or can’t beat the markets like institutional investors as they lack the resources those institutional investors have at their disposal. That might be true, but there is always a way to do things in a more cost-efficient way and investing on the basis of insider trades is one of them. We at InsiderMonkey are always on lookout for trades that insiders are making and bring it to the notice of our readers. Two companies that have recently seen good amount of buying coming in from insiders are – Interface, Inc. (NASDAQ:TILE) and Hudson Global Inc (NASDAQ:HSON).

Interface, Inc. (NASDAQ:TILE)

Interface, Inc. (NASDAQ:TILE) is a $960 million market cap company, which prides itself in being the world’s largest manufacturer of modular carpets. On October 9, Christopher G Kennedy, a director of Interface, Inc. (NASDAQ:TILE), purchased 18,000 shares of the company at an average price of $13.81 per share. With this acquisition, Kennedy’s total ownership stands at over 108,000 shares. On the same day, Raymond S Willoch, Sr. Vice President of Interface, Inc. (NASDAQ:TILE) purchased 725 shares at an average price of $13.75 per share, this was the first purchase of the company’s stock by Willoch.

On October 10, Interface, Inc. (NASDAQ:TILE) announced early redemption of $27.5 million worth of its 7 5/8%senior notes. For the second quarter of 2014, the company declared revenues of over $260 million and EPS of $0.20, compared to over $243 million in revenue and EPS of $0.17 in the same period last year. It currently trades at around 16 times its forward earnings. Mariko Gordon’s Daruma Asset Management is one of the largest shareholders of the company, which as of june 30, 2014, owns over 3.3 million shares. Chuck Royce’s Royce & Associates is also bullish on the company, increasing its stake by 11% to over 1.2 million shares during the second quarter.

Hudson Global Inc (NASDAQ:HSON) is a $114 million market cap, talent management and recruitment company. Between August 19 and October 13, Jeffrey E. Eberwein, a director of Hudson Global Inc (NASDAQ:HSON), and as the manager of Lone Star Value Investors GP, LLC, purchased 149,308 shares of the company in several tranches at an average price of $3.74 per share. Including for this purchase, Eberwein now owns over 2 million shares.

The company recently announced that its third quarter revenue is expected to be flat year over year at around $163 million, below the range of $165 million and $175 million that it announced on July 31, 2014 and the adjusted EBITDA is expected to be a loss in the range of $4.4 million to $4.6 million, compared to a range of breakeven to aloss of $2 million that it announced on July 31, 2014. Hudson Global Inc (NASDAQ:HSON) trailing operating margin is -0.02, compared to industry average of 0.04. Dan Friedberg’s Sagard Capital Partners Management Corp is one of the largest investors in Hudson Global Inc (NASDAQ:HSON), which held over 4.65 million shares or around 14% of all common stock of the company during second quarter.

Disclosure: None

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!