Bastion Asset Management Inc. Purchases New Holdings in Hudson Technologies, Inc. (NASDAQ:HDSN)

Bastion Asset Management Inc. acquired a new stake in Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 266,426 shares of the industrial products company's stock, valued at approximately $1,487,000. Bastion Asset Management Inc. owned approximately 0.59% of Hudson Technologies at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of HDSN. Bank of America Corp DE increased its holdings in Hudson Technologies by 102.4% during the 4th quarter. Bank of America Corp DE now owns 93,942 shares of the industrial products company's stock worth $524,000 after purchasing an additional 47,533 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Hudson Technologies by 538.6% during the fourth quarter. BNP Paribas Financial Markets now owns 190,623 shares of the industrial products company's stock worth $1,064,000 after buying an additional 160,774 shares during the period. Ameriprise Financial Inc. acquired a new stake in Hudson Technologies in the fourth quarter valued at approximately $600,000. Algert Global LLC lifted its stake in Hudson Technologies by 31.6% in the fourth quarter. Algert Global LLC now owns 50,365 shares of the industrial products company's stock worth $281,000 after acquiring an additional 12,090 shares during the last quarter. Finally, 683 Capital Management LLC lifted its stake in Hudson Technologies by 89.4% in the fourth quarter. 683 Capital Management LLC now owns 635,900 shares of the industrial products company's stock worth $3,548,000 after acquiring an additional 300,110 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Hudson Technologies Trading Down 4.1 %

Shares of NASDAQ HDSN traded down $0.32 during mid-day trading on Friday, reaching $7.48. The company had a trading volume of 653,459 shares, compared to its average volume of 502,716. The firm has a 50 day simple moving average of $5.97 and a two-hundred day simple moving average of $5.99. Hudson Technologies, Inc. has a 52-week low of $5.11 and a 52-week high of $10.04. The stock has a market cap of $328.94 million, a P/E ratio of 11.51, a PEG ratio of 0.49 and a beta of 0.92.

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

Analyst Ratings Changes

Several research firms have recently issued reports on HDSN. Canaccord Genuity Group lifted their price objective on shares of Hudson Technologies from $6.25 to $6.75 and gave the stock a "hold" rating in a research report on Thursday. Craig Hallum raised Hudson Technologies from a "hold" rating to a "buy" rating and set a $8.00 price target for the company in a report on Thursday. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Hudson Technologies presently has an average rating of "Hold" and a consensus price target of $7.25.

About Hudson Technologies

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.