BNP Paribas Financial Markets Has $1.06 Million Position in Hudson Technologies, Inc. (NASDAQ:HDSN)

BNP Paribas Financial Markets raised its stake in Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) by 538.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 190,623 shares of the industrial products company's stock after acquiring an additional 160,774 shares during the quarter. BNP Paribas Financial Markets owned about 0.42% of Hudson Technologies worth $1,064,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP boosted 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 bought a new position in Hudson Technologies in the fourth quarter valued at approximately $62,000. DORCHESTER WEALTH MANAGEMENT Co acquired a new stake in shares of Hudson Technologies in the fourth quarter valued at approximately $72,000. Ieq Capital LLC acquired a new stake in shares of Hudson Technologies in the fourth quarter valued at approximately $91,000. Finally, Aquatic Capital Management LLC raised its holdings in shares of Hudson Technologies by 278.4% in the fourth 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.

Hudson Technologies Stock Down 1.4%

Shares of Hudson Technologies stock traded down $0.10 during trading on Friday, reaching $7.08. The company's stock had a trading volume of 333,154 shares, compared to its average volume of 513,199. Hudson Technologies, Inc. has a 52 week low of $5.11 and a 52 week high of $9.70. The business's 50-day moving average price is $6.34 and its 200-day moving average price is $5.98. The firm has a market cap of $307.85 million, a PE ratio of 10.89, a P/E/G ratio of 0.49 and a beta of 0.92.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.05. Hudson Technologies had a net margin of 12.49% and a return on equity of 12.74%. The business had revenue of $55.34 million during the quarter, compared to analysts' expectations of $52.23 million. Equities analysts predict that Hudson Technologies, Inc. will post 0.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Craig Hallum upgraded shares of 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. Canaccord Genuity Group lifted their price objective on shares of Hudson Technologies from $6.25 to $6.75 and gave the stock a "hold" rating in a research 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target 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.