Ameriprise Financial Inc. Takes Position in Hudson Technologies, Inc. (NASDAQ:HDSN)

Ameriprise Financial Inc. acquired a new position in Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 107,452 shares of the industrial products company's stock, valued at approximately $600,000. Ameriprise Financial Inc. owned 0.24% of Hudson Technologies as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Renaissance Technologies LLC boosted its stake in shares of Hudson Technologies by 19.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,502,150 shares of the industrial products company's stock worth $8,382,000 after acquiring an additional 246,000 shares during the period. Westerly Capital Management LLC boosted its stake in shares of Hudson Technologies by 25.6% in the fourth quarter. Westerly Capital Management LLC now owns 1,017,580 shares of the industrial products company's stock worth $5,678,000 after acquiring an additional 207,580 shares during the period. Geode Capital Management LLC boosted its stake in shares of Hudson Technologies by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 995,729 shares of the industrial products company's stock worth $5,558,000 after acquiring an additional 4,873 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Hudson Technologies by 152.0% in the fourth quarter. JPMorgan Chase & Co. now owns 853,252 shares of the industrial products company's stock worth $4,761,000 after acquiring an additional 514,645 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of Hudson Technologies by 13.0% in the fourth quarter. American Century Companies Inc. now owns 790,472 shares of the industrial products company's stock worth $4,411,000 after acquiring an additional 90,921 shares during the period. Institutional investors own 71.34% of the company's stock.

Hudson Technologies Stock Performance

HDSN stock traded down $0.02 during midday trading on Friday, reaching $7.15. 174,161 shares of the company traded hands, compared to its average volume of 497,273. Hudson Technologies, Inc. has a 52-week low of $5.11 and a 52-week high of $9.58. The business has a 50 day moving average of $6.53 and a 200-day moving average of $6.07. The firm has a market capitalization of $310.89 million, a price-to-earnings ratio of 11.00, a P/E/G ratio of 0.49 and a beta of 0.93.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last issued 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. Hudson Technologies had a return on equity of 12.74% and a net margin of 12.49%. The business had revenue of $55.34 million for the quarter, compared to the consensus estimate of $52.23 million. Research analysts anticipate that Hudson Technologies, Inc. will post 0.55 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on HDSN shares. Canaccord Genuity Group boosted their target price on Hudson Technologies from $6.25 to $6.75 and gave the stock a "hold" rating in a research report on Thursday, May 8th. Craig Hallum upgraded Hudson Technologies from a "hold" rating to a "buy" rating and set a $8.00 target price on the stock in a research report on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target 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.