164,075 Shares in Hudson Technologies, Inc. $HDSN Acquired by North Star Investment Management Corp.

Key Points

• North Star Investment Management Corp. has acquired 164,075 shares of Hudson Technologies, valued at approximately $1.33 million, representing a 0.38% ownership stake as of the latest SEC filing.
• A number of institutional investors, including Jane Street Group LLC and Bank of America Corp DE, have significantly increased their stakes in Hudson Technologies, highlighting strong interest from hedge funds.
• Equities research analysts have upgraded Hudson Technologies' stock rating multiple times, with target prices increasing significantly and general sentiment indicating a "Moderate Buy" based on analysts' assessments.

North Star Investment Management Corp. acquired a new position in Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 164,075 shares of the industrial products company's stock, valued at approximately $1,332,000. North Star Investment Management Corp. owned 0.38% of Hudson Technologies as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HDSN. Jane Street Group LLC boosted its stake in Hudson Technologies by 7.8% in the 4th quarter. Jane Street Group LLC now owns 86,131 shares of the industrial products company's stock worth $481,000 after purchasing an additional 6,263 shares during the period. Ameriprise Financial Inc. acquired a new position in Hudson Technologies in the 4th quarter worth approximately $600,000. Bank of America Corp DE boosted its stake in Hudson Technologies by 102.4% in 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. Deutsche Bank AG boosted its stake in Hudson Technologies by 36.9% in the 4th quarter. Deutsche Bank AG now owns 70,995 shares of the industrial products company's stock worth $396,000 after purchasing an additional 19,146 shares during the period. Finally, Millennium Management LLC boosted its stake in Hudson Technologies by 354.3% in the 4th quarter. Millennium Management LLC now owns 184,407 shares of the industrial products company's stock worth $1,029,000 after purchasing an additional 143,815 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. B. Riley upgraded shares of Hudson Technologies from a "neutral" rating to a "buy" rating and increased their target price for the stock from $7.50 to $9.00 in a research report on Monday, June 16th. Wall Street Zen upgraded shares of Hudson Technologies from a "buy" rating to a "strong-buy" rating in a research report on Monday, September 8th. Finally, Canaccord Genuity Group upgraded shares of Hudson Technologies from a "hold" rating to a "buy" rating and increased their target price for the stock from $6.75 to $10.50 in a research report on Thursday, July 31st. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $8.63.

Hudson Technologies Trading Up 0.7%

Shares of NASDAQ:HDSN opened at $9.98 on Friday. The stock has a market capitalization of $435.83 million, a PE ratio of 24.95 and a beta of 0.97. Hudson Technologies, Inc. has a 1 year low of $5.11 and a 1 year high of $10.52. The firm has a fifty day moving average price of $9.65 and a 200 day moving average price of $7.85.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.08. The firm had revenue of $72.85 million during the quarter, compared to analysts' expectations of $71.67 million. Hudson Technologies had a net margin of 8.08% and a return on equity of 7.26%. On average, sell-side analysts forecast that Hudson Technologies, Inc. will post 0.55 earnings per share for the current fiscal year.

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.

Want to see what other hedge funds are holding HDSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.