107,452 Shares in Hudson Technologies, Inc. (NASDAQ:HDSN) Acquired by Ameriprise Financial Inc.

Ameriprise Financial Inc. acquired a new position in shares of Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 107,452 shares of the industrial products company's stock, valued at approximately $600,000. Ameriprise Financial Inc. owned about 0.24% of Hudson Technologies at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. SG Americas Securities LLC raised its stake in Hudson Technologies by 48.1% in the fourth quarter. SG Americas Securities LLC now owns 28,681 shares of the industrial products company's stock valued at $160,000 after buying an additional 9,319 shares during the last quarter. Rhumbline Advisers raised its stake in Hudson Technologies by 3.9% in the fourth quarter. Rhumbline Advisers now owns 69,541 shares of the industrial products company's stock valued at $388,000 after buying an additional 2,601 shares during the last quarter. Ieq Capital LLC purchased a new stake in Hudson Technologies in the fourth quarter valued at about $91,000. DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in Hudson Technologies in the fourth quarter valued at about $72,000. Finally, Y Intercept Hong Kong Ltd raised its stake in Hudson Technologies by 61.1% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 59,731 shares of the industrial products company's stock valued at $333,000 after buying an additional 22,661 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Hudson Technologies Stock Down 0.6%

Shares of NASDAQ HDSN traded down $0.04 during midday trading on Thursday, hitting $7.17. The stock had a trading volume of 308,448 shares, compared to its average volume of 497,590. The company has a market capitalization of $311.76 million, a PE ratio of 11.03, a P/E/G ratio of 0.49 and a beta of 0.92. The stock has a 50 day simple moving average of $6.49 and a 200-day simple moving average of $6.05. Hudson Technologies, Inc. has a 1 year low of $5.11 and a 1 year high of $9.58.

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, 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 company had revenue of $55.34 million for the quarter, compared to the consensus estimate of $52.23 million. As a group, analysts expect that Hudson Technologies, Inc. will post 0.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on HDSN shares. Canaccord Genuity Group increased their price objective on Hudson Technologies from $6.25 to $6.75 and gave the company a "hold" rating in a report on Thursday, May 8th. Craig Hallum raised Hudson Technologies from a "hold" rating to a "buy" rating and set a $8.00 target price on the stock in a report on Thursday, May 8th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Hudson Technologies has a consensus rating of "Hold" and an average target price of $7.25.

Hudson Technologies 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.