New South Capital Management Inc. Increases Holdings in Hudson Technologies, Inc. (NASDAQ:HDSN)

New South Capital Management Inc. raised its stake in Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) by 12.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,483,719 shares of the industrial products company's stock after purchasing an additional 162,002 shares during the quarter. New South Capital Management Inc. owned 3.37% of Hudson Technologies worth $9,155,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HDSN. GAMMA Investing LLC boosted its holdings in shares of Hudson Technologies by 111.8% during the first quarter. GAMMA Investing LLC now owns 4,970 shares of the industrial products company's stock worth $31,000 after purchasing an additional 2,624 shares during the period. Quarry LP lifted its position in Hudson Technologies by 89.1% during the 4th quarter. Quarry LP now owns 8,840 shares of the industrial products company's stock valued at $49,000 after acquiring an additional 4,165 shares during the period. State of Wyoming bought a new stake in shares of Hudson Technologies in the 4th quarter worth approximately $53,000. RPO LLC purchased a new stake in shares of Hudson Technologies in the fourth quarter worth $62,000. Finally, ProShare Advisors LLC bought a new stake in Hudson Technologies during the 4th quarter valued at about $70,000. Institutional investors own 71.34% of the company's stock.

Hudson Technologies Trading Down 1.7%

HDSN traded down $0.14 during trading hours on Friday, hitting $8.06. The company's stock had a trading volume of 177,927 shares, compared to its average volume of 496,431. The business's 50-day moving average price is $7.44 and its 200-day moving average price is $6.34. The stock has a market cap of $350.45 million, a price-to-earnings ratio of 21.78, a P/E/G ratio of 0.76 and a beta of 0.94. Hudson Technologies, Inc. has a 12 month low of $5.11 and a 12 month high of $9.28.

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, topping analysts' consensus estimates of $0.01 by $0.05. Hudson Technologies had a return on equity of 7.07% and a net margin of 7.74%. The company had revenue of $55.34 million during the quarter, compared to the consensus estimate of $52.23 million. On average, analysts forecast that Hudson Technologies, Inc. will post 0.55 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HDSN. Craig Hallum upgraded shares of Hudson Technologies from a "hold" rating to a "buy" rating and set a $8.00 price objective on the stock in a research report on Thursday, May 8th. Canaccord Genuity Group raised their price objective on shares of Hudson Technologies from $6.25 to $6.75 and gave the company a "hold" rating in a research report on Thursday, May 8th. Finally, 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. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $7.69.

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.