303,380 Shares in Hudson Technologies, Inc. $HDSN Acquired by Ancora Advisors LLC

Key Points

• Ancora Advisors acquired 303,380 Hudson Technologies shares during the second quarter, worth approximately $1.74 million and representing about 0.72% of the company. Institutional investors and hedge funds collectively own 71.34% of HDSN.
• Hudson Technologies reported quarterly revenue of $78.35 million, exceeding estimates, but earnings per share of $0.12 missed consensus by $0.06. Shares opened at $5.29, down 3.3%, and remain well below the 12-month high of $10.52.
• Analyst sentiment is mixed, with an overall “Hold” rating and an $8.62 consensus price target; two firms rate the stock “Buy,” three “Hold,” and one “Sell.” Insiders have also purchased nearly 993,000 shares over the past 90 days.

Ancora Advisors LLC acquired a new stake in shares of Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 303,380 shares of the industrial products company's stock, valued at approximately $1,741,000. Ancora Advisors LLC owned approximately 0.72% of Hudson Technologies as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Quarry LP lifted its stake in shares of Hudson Technologies by 51.9% in the 3rd quarter. Quarry LP now owns 5,281 shares of the industrial products company's stock valued at $52,000 after purchasing an additional 1,805 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new stake in shares of Hudson Technologies in the fourth quarter worth about $62,000. Tower Research Capital LLC TRC boosted its stake in shares of Hudson Technologies by 177.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,715 shares of the industrial products company's stock worth $71,000 after acquiring an additional 5,576 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Hudson Technologies by 88.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,530 shares of the industrial products company's stock worth $75,000 after acquiring an additional 3,532 shares in the last quarter. Finally, State of Wyoming bought a new stake in shares of Hudson Technologies during the 2nd quarter worth about $78,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Hudson Technologies Stock Down 3.3%

Shares of HDSN stock opened at $5.29 on Thursday. Hudson Technologies, Inc. has a 12 month low of $4.64 and a 12 month high of $10.52. The firm has a market cap of $222.66 million, a PE ratio of 26.45 and a beta of 0.78. The stock has a 50 day moving average of $5.92 and a 200-day moving average of $6.01.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.06). Hudson Technologies had a return on equity of 4.95% and a net margin of 3.51%.The company had revenue of $78.35 million during the quarter, compared to analyst estimates of $74.20 million. As a group, equities analysts predict that Hudson Technologies, Inc. will post 0.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Weiss Ratings lowered Hudson Technologies from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, August 11th. Wall Street Zen downgraded Hudson Technologies from a "hold" rating to a "sell" rating in a report on Saturday, May 16th. Finally, Canaccord Genuity Group dropped their price target on shares of Hudson Technologies from $9.00 to $8.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $8.62.

Insider Buying and Selling

In other news, major shareholder Hartree Partners, Lp acquired 288,111 shares of Hudson Technologies stock in a transaction on Wednesday, July 1st. The stock was bought at an average price of $5.88 per share, for a total transaction of $1,694,092.68. Following the transaction, the insider owned 4,700,000 shares of the company's stock, valued at $27,636,000. The trade was a 6.53% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders purchased 992,900 shares of company stock valued at $5,795,021. Corporate insiders own 1.90% of the company's stock.

Hudson Technologies Company Profile

Hudson Technologies, Inc is a U.S.-based provider of refrigerant management and sustainability solutions, specializing in the recovery, reclamation and recycling of refrigerant gases. The company's core business centers on collecting used refrigerants—such as CFCs, HCFCs and HFCs—from industrial, commercial and institutional customers, processing them in certified reclamation facilities and returning material that meets industry purity standards.

Headquartered in Purchase, New York, Hudson Technologies operates a network of reclamation centers across the continental United States.

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