Ancora Advisors LLC Makes New $1.74 Million Investment in Hudson Technologies, Inc. $HDSN

Key Points

• Ancora Advisors acquired 303,380 Hudson Technologies shares worth approximately $1.74 million, representing a 0.72% stake. Institutional investors collectively own 71.34% of the company.
• Hudson Technologies reported quarterly EPS of $0.12, missing the $0.18 consensus estimate, while revenue of $78.35 million exceeded expectations of $74.20 million.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $8.62; HDSN recently traded at $5.12, well below its 52-week high of $10.52.

Ancora Advisors LLC bought a new position in Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 303,380 shares of the industrial products company's stock, valued at approximately $1,741,000. Ancora Advisors LLC owned 0.72% of Hudson Technologies as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in HDSN. BlackRock Inc. purchased a new position in Hudson Technologies during the second quarter valued at approximately $16,303,000. Westerly Capital Management LLC lifted its stake in Hudson Technologies by 34.9% in the 4th quarter. Westerly Capital Management LLC now owns 2,550,000 shares of the industrial products company's stock worth $17,468,000 after purchasing an additional 660,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Hudson Technologies by 5.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,148,311 shares of the industrial products company's stock valued at $12,631,000 after purchasing an additional 105,160 shares during the period. Segall Bryant & Hamill LLC boosted its holdings in Hudson Technologies by 248.4% in the 1st quarter. Segall Bryant & Hamill LLC now owns 628,341 shares of the industrial products company's stock valued at $3,695,000 after purchasing an additional 447,987 shares during the period. Finally, AQR Capital Management LLC grew its position in shares of Hudson Technologies by 7.2% during the 1st quarter. AQR Capital Management LLC now owns 591,645 shares of the industrial products company's stock valued at $3,650,000 after purchasing an additional 39,654 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Hudson Technologies Price Performance

Shares of NASDAQ HDSN opened at $5.12 on Thursday. Hudson Technologies, Inc. has a one year low of $4.64 and a one year high of $10.52. The firm's 50 day simple moving average is $5.87 and its two-hundred day simple moving average is $5.94. The stock has a market capitalization of $215.50 million, a P/E ratio of 25.60 and a beta of 0.77.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $0.12 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 business had revenue of $78.35 million for the quarter, compared to analysts' expectations of $74.20 million. As a group, equities analysts expect that Hudson Technologies, Inc. will post 0.17 earnings per share for the current fiscal year.

Insider Transactions at Hudson Technologies

In other Hudson Technologies news, major shareholder Hartree Partners, Lp purchased 91,166 shares of the business's stock in a transaction on Tuesday, August 25th. The stock was acquired at an average cost of $5.50 per share, for a total transaction of $501,413.00. Following the completion of the transaction, the insider directly owned 5,200,000 shares in the company, valued at approximately $28,600,000. This represents a 1.78% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have bought 992,900 shares of company stock worth $5,795,021 in the last ninety days. Corporate insiders own 1.90% of the company's stock.

Analyst Ratings Changes

HDSN has been the topic of several research analyst reports. Wall Street Zen cut shares of Hudson Technologies from a "hold" rating to a "sell" rating in a report on Saturday, May 16th. Canaccord Genuity Group reduced their target price on Hudson Technologies from $9.00 to $8.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. Finally, Weiss Ratings cut Hudson Technologies from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, August 11th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $8.62.

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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