Truvestments Capital LLC Has $273,000 Stock Position in Hudson Technologies, Inc. $HDSN

Key Points

• Truvestments Capital LLC sold 47.0% of its holdings in Hudson Technologies, reducing its ownership to 44,201 shares valued at approximately $273,000.
• Several institutional investors, including Hartree Partners LP and D. E. Shaw & Co. Inc., have significantly increased their stakes in Hudson Technologies in the first quarter of 2023.
• Hudson Technologies reported a $0.23 EPS for the quarter, exceeding analysts' expectations, and has an expected EPS of 0.55 for the current fiscal year.

Truvestments Capital LLC lowered its position in Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) by 47.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,201 shares of the industrial products company's stock after selling 39,243 shares during the quarter. Truvestments Capital LLC owned approximately 0.10% of Hudson Technologies worth $273,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in Hudson Technologies by 111.8% in the first quarter. GAMMA Investing LLC now owns 4,970 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 2,624 shares in the last quarter. Quarry LP grew its stake in Hudson Technologies by 89.1% in the fourth 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 in the last quarter. State of Wyoming purchased a new position in Hudson Technologies in the fourth quarter valued at about $53,000. ProShare Advisors LLC purchased a new position in Hudson Technologies in the fourth quarter valued at about $70,000. Finally, EP Wealth Advisors LLC bought a new stake in shares of Hudson Technologies during the 4th quarter worth about $71,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Hudson Technologies Trading Down 1.2%

NASDAQ:HDSN traded down $0.12 during mid-day trading on Friday, hitting $10.16. 314,419 shares of the company's stock traded hands, compared to its average volume of 466,686. The firm has a 50 day moving average of $8.89 and a two-hundred day moving average of $7.28. Hudson Technologies, Inc. has a 12 month low of $5.11 and a 12 month high of $10.34. The firm has a market capitalization of $443.69 million, a price-to-earnings ratio of 25.40, a price-to-earnings-growth ratio of 0.73 and a beta of 0.96.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last announced its earnings results on Wednesday, July 30th. The industrial products company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.08. Hudson Technologies had a return on equity of 7.26% and a net margin of 8.08%.The firm had revenue of $72.85 million during the quarter, compared to the consensus estimate of $71.67 million. As a group, equities research analysts expect that Hudson Technologies, Inc. will post 0.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HDSN. Wall Street Zen downgraded Hudson Technologies from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Craig Hallum upgraded Hudson Technologies from a "hold" rating to a "buy" rating and set a $8.00 price target for the company in a research note on Thursday, May 8th. B. Riley upgraded Hudson Technologies from a "neutral" rating to a "buy" rating and upped their price target for the stock from $7.50 to $9.00 in a research note on Monday, June 16th. Finally, Canaccord Genuity Group upgraded Hudson Technologies from a "hold" rating to a "buy" rating and upped their price target for the stock from $6.75 to $10.50 in a research note on Thursday, July 31st. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $8.63.

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.