195,512 Shares in Hudson Technologies, Inc. (NASDAQ:HDSN) Purchased by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC acquired a new position in shares of Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 195,512 shares of the industrial products company's stock, valued at approximately $1,091,000. Bridgeway Capital Management LLC owned approximately 0.43% of Hudson Technologies at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Quarry LP grew its stake in shares of Hudson Technologies by 89.1% during the fourth quarter. Quarry LP now owns 8,840 shares of the industrial products company's stock valued at $49,000 after purchasing an additional 4,165 shares during the last quarter. RPO LLC bought a new stake in shares of Hudson Technologies during the fourth quarter valued at approximately $62,000. DORCHESTER WEALTH MANAGEMENT Co bought a new stake in shares of Hudson Technologies during the fourth quarter valued at approximately $72,000. Ieq Capital LLC bought a new stake in shares of Hudson Technologies during the fourth quarter valued at approximately $91,000. Finally, Aquatic Capital Management LLC grew its stake in shares of Hudson Technologies by 278.4% during the fourth quarter. Aquatic Capital Management LLC now owns 17,029 shares of the industrial products company's stock valued at $95,000 after purchasing an additional 12,529 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HDSN. Craig Hallum raised shares of Hudson Technologies from a "hold" rating to a "buy" rating and set a $8.00 price target on the stock in a research note on Thursday, May 8th. Canaccord Genuity Group raised 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 investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $7.25.

Hudson Technologies Price Performance

Shares of NASDAQ HDSN traded down $0.02 during midday trading on Wednesday, reaching $7.59. 773,744 shares of the stock were exchanged, compared to its average volume of 508,211. The business has a 50-day simple moving average of $6.12 and a two-hundred day simple moving average of $5.98. The company has a market capitalization of $333.78 million, a price-to-earnings ratio of 11.68, a P/E/G ratio of 0.49 and a beta of 0.92. Hudson Technologies, Inc. has a 12 month low of $5.11 and a 12 month high of $10.04.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.06 EPS for the quarter, beating the consensus estimate 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 net margin of 12.49% and a return on equity of 12.74%. Equities research analysts expect that Hudson Technologies, Inc. will post 0.55 earnings per share for the current fiscal year.

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.