BNP Paribas Financial Markets Purchases 160,774 Shares of Hudson Technologies, Inc. (NASDAQ:HDSN)

BNP Paribas Financial Markets boosted its holdings in shares of Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) by 538.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 190,623 shares of the industrial products company's stock after buying an additional 160,774 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.42% of Hudson Technologies worth $1,064,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Ameriprise Financial Inc. acquired a new position in Hudson Technologies during the fourth quarter worth approximately $600,000. Algert Global LLC boosted its holdings in shares of Hudson Technologies by 31.6% during the fourth quarter. Algert Global LLC now owns 50,365 shares of the industrial products company's stock worth $281,000 after acquiring an additional 12,090 shares during the period. 683 Capital Management LLC boosted its holdings in shares of Hudson Technologies by 89.4% during the fourth quarter. 683 Capital Management LLC now owns 635,900 shares of the industrial products company's stock worth $3,548,000 after acquiring an additional 300,110 shares during the period. Jane Street Group LLC boosted its holdings in shares of Hudson Technologies by 7.8% during the fourth quarter. Jane Street Group LLC now owns 86,131 shares of the industrial products company's stock worth $481,000 after acquiring an additional 6,263 shares during the period. Finally, Westerly Capital Management LLC boosted its holdings in shares of Hudson Technologies by 25.6% during the fourth quarter. Westerly Capital Management LLC now owns 1,017,580 shares of the industrial products company's stock worth $5,678,000 after acquiring an additional 207,580 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Analyst Upgrades and Downgrades

HDSN has been the subject of a number of research analyst reports. Canaccord Genuity Group boosted their price objective on Hudson Technologies from $6.25 to $6.75 and gave the stock a "hold" rating in a report on Thursday, May 8th. Craig Hallum upgraded Hudson Technologies from a "hold" rating to a "buy" rating and set a $8.00 price objective for the company in a report on Thursday, May 8th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $7.25.

Hudson Technologies Stock Performance

Shares of HDSN stock traded down $0.10 during trading on Monday, hitting $7.08. The company had a trading volume of 333,154 shares, compared to its average volume of 514,408. The firm has a market capitalization of $307.85 million, a P/E ratio of 10.89, a price-to-earnings-growth ratio of 0.49 and a beta of 0.92. The stock's 50-day moving average price is $6.36 and its 200 day moving average price is $5.99. Hudson Technologies, Inc. has a one year low of $5.11 and a one year high of $9.70.

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

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.