40,040 Shares in Hudson Technologies, Inc. (NASDAQ:HDSN) Bought by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. acquired a new position in shares of Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 40,040 shares of the industrial products company's stock, valued at approximately $223,000. Balyasny Asset Management L.P. owned about 0.09% of Hudson Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HDSN. Quarry LP lifted its stake in shares of Hudson Technologies by 89.1% in the 4th quarter. Quarry LP now owns 8,840 shares of the industrial products company's stock valued at $49,000 after purchasing an additional 4,165 shares during the last quarter. RPO LLC acquired a new position in shares of Hudson Technologies in the 4th quarter valued at $62,000. DORCHESTER WEALTH MANAGEMENT Co acquired a new position in shares of Hudson Technologies in the 4th quarter valued at $72,000. Ieq Capital LLC acquired a new position in shares of Hudson Technologies in the 4th quarter valued at $91,000. Finally, Aquatic Capital Management LLC lifted its stake in shares of Hudson Technologies by 278.4% in the 4th quarter. Aquatic Capital Management LLC now owns 17,029 shares of the industrial products company's stock valued at $95,000 after purchasing an additional 12,529 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on HDSN shares. 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 research note on Thursday, May 8th. Canaccord Genuity Group upped their price target on Hudson Technologies from $6.25 to $6.75 and gave the stock a "hold" rating in a report on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $7.25.

Hudson Technologies Trading Down 1.4%

Shares of NASDAQ HDSN traded down $0.10 during trading hours on Friday, reaching $7.08. The stock had a trading volume of 333,154 shares, compared to its average volume of 514,408. The firm has a market cap of $307.85 million, a price-to-earnings ratio of 10.89, a PEG ratio of 0.49 and a beta of 0.92. Hudson Technologies, Inc. has a fifty-two week low of $5.11 and a fifty-two week high of $9.70. The firm has a 50-day moving average of $6.34 and a 200-day moving average of $5.98.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last announced its earnings results 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 firm had revenue of $55.34 million during the quarter, compared to analysts' expectations of $52.23 million. On average, equities analysts predict that Hudson Technologies, Inc. will post 0.55 EPS for the current year.

About Hudson Technologies

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.