SCHEDULE: Hotchkis & Wiley Maintains Significant Hudson Global Stake

Hotchkis and Wiley Capital Management, LLC and its Small Cap Value Fund reported beneficial ownership in Hudson Global, Inc., with the former holding 10.67% of common stock.

Summary

• Hotchkis and Wiley Capital Management, LLC (HWCM) reported beneficial ownership of 293,525 shares of Hudson Global, Inc. common stock, representing 10.67% of the class.
• HWCM holds sole voting power over 247,725 shares and sole dispositive power over 293,525 shares.
• Hotchkis and Wiley Small Cap Value Fund reported beneficial ownership of 134,360 shares, representing 4.88% of the class, with sole voting and dispositive power over these shares.
• HWCM disclaims ownership of securities for all clients, noting that certain clients have retained voting power over their beneficially owned shares.
• No single client of HWCM is known to have the right or power over more than five percent of this class of securities.

Sentiment

Score: 6

Explanation: A routine beneficial ownership filing indicating a significant institutional stake, generally viewed as a neutral to slightly positive signal of investor confidence, but not providing new fundamental information.

Positives

• Continued significant institutional investment by Hotchkis and Wiley Capital Management, LLC, holding 10.67% of Hudson Global, Inc. common stock, indicates ongoing confidence in the company.

Future Outlook

This filing is a beneficial ownership report and does not contain forward-looking statements or guidance regarding the issuer's future performance or outlook.

Management Comments

• We certify that, to the best of our knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.

Industry Context

This filing is a routine beneficial ownership disclosure and does not provide specific insights into broader industry trends or competitive landscape for Hudson Global, Inc. It primarily reflects an investment decision by a specific institutional investor.

Stakeholder Impact

• Shareholders may view the continued significant institutional ownership by Hotchkis and Wiley Capital Management, LLC as a positive indicator of investor confidence in Hudson Global, Inc.

Key Dates

Recommendation

The filing is a routine beneficial ownership report (Schedule 13G Amendment No. 19) indicating that Hotchkis and Wiley Capital Management, LLC maintains a significant stake in Hudson Global, Inc. While this signals institutional confidence, the filing itself does not contain new financial or operational data to warrant a change in investment thesis. Therefore, a 'hold' recommendation is appropriate, pending further fundamental analysis.

Keywords

Hudson Global, Hotchkis and Wiley, Beneficial Ownership, SEC Filing, Schedule 13G, Investment Adviser, Common Stock, Institutional Investor