Raymond James Financial Inc. Acquires Shares of 44,699 Hudson Technologies, Inc. (NASDAQ:HDSN)

Raymond James Financial Inc. acquired a new position in shares of Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 44,699 shares of the industrial products company's stock, valued at approximately $249,000. Raymond James Financial Inc. owned about 0.10% of Hudson Technologies at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HDSN. RPO LLC acquired a new position in Hudson Technologies in the 4th quarter valued at about $62,000. DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in shares of Hudson Technologies during the fourth quarter worth about $72,000. Ieq Capital LLC purchased a new stake in shares of Hudson Technologies during the fourth quarter worth about $91,000. Aigen Investment Management LP raised its position in shares of Hudson Technologies by 13.6% in the fourth quarter. Aigen Investment Management LP now owns 18,052 shares of the industrial products company's stock valued at $101,000 after buying an additional 2,167 shares during the last quarter. Finally, Intech Investment Management LLC lifted its stake in shares of Hudson Technologies by 85.8% during the fourth quarter. Intech Investment Management LLC now owns 19,603 shares of the industrial products company's stock valued at $109,000 after buying an additional 9,051 shares during the period. Hedge funds and other institutional investors own 71.34% of the company's stock.

Hudson Technologies Price Performance

Hudson Technologies stock traded down $0.02 during midday trading on Wednesday, hitting $7.59. 773,744 shares of the company were exchanged, compared to its average volume of 507,191. The company has a market cap of $333.78 million, a PE ratio of 11.68, a price-to-earnings-growth ratio of 0.49 and a beta of 0.92. Hudson Technologies, Inc. has a fifty-two week low of $5.11 and a fifty-two week high of $10.04. The company's fifty day moving average price is $6.09 and its 200-day moving average price is $5.97.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.05. The company had revenue of $55.34 million for the quarter, compared to analyst estimates of $52.23 million. Hudson Technologies had a net margin of 12.49% and a return on equity of 12.74%. On average, analysts expect that Hudson Technologies, Inc. will post 0.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HDSN has been the subject of several analyst reports. Craig Hallum upgraded Hudson Technologies from a "hold" rating to a "buy" rating and set a $8.00 target price for the company in a research note on Thursday, May 8th. Canaccord Genuity Group upped their price objective on shares of Hudson Technologies from $6.25 to $6.75 and gave the company a "hold" rating in a research note on Thursday, May 8th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, Hudson Technologies presently has an average rating of "Hold" and a consensus target price of $7.25.

Hudson Technologies Company Profile

Hudson Technologies, Inc, through its subsidiary, Hudson Technologies Company, engages in the provision of solutions to recurring problems within the refrigeration industry in the United States. The company engages in the sale of refrigerant and industrial gas; provision of refrigerant management services consisting primarily of reclamation of refrigerants, re-usable cylinder refurbishment, and hydrostatic testing services; and RefrigerantSide services comprising system decontamination and recovery to remove moisture, oils, and other contaminants.