Sherbrooke Park Advisers LLC Sells 79,661 Shares of Hudson Technologies, Inc. (NASDAQ:HDSN)

Sherbrooke Park Advisers LLC trimmed its stake in Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) by 59.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 53,497 shares of the industrial products company's stock after selling 79,661 shares during the quarter. Sherbrooke Park Advisers LLC owned approximately 0.12% of Hudson Technologies worth $299,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership acquired a new position in Hudson Technologies during the 4th quarter valued at about $1,733,000. Raymond James Financial Inc. purchased a new position in Hudson Technologies in the 4th quarter worth about $249,000. JPMorgan Chase & Co. raised its holdings in shares of Hudson Technologies by 69.7% during the third quarter. JPMorgan Chase & Co. now owns 338,607 shares of the industrial products company's stock valued at $2,824,000 after acquiring an additional 139,042 shares during the period. Bastion Asset Management Inc. purchased a new stake in shares of Hudson Technologies in the fourth quarter valued at $1,487,000. Finally, XTX Topco Ltd lifted its stake in Hudson Technologies by 148.3% in the 4th quarter. XTX Topco Ltd now owns 103,229 shares of the industrial products company's stock worth $576,000 after acquiring an additional 61,651 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Hudson Technologies Stock Down 3.4%

Hudson Technologies stock traded down $0.25 on Thursday, hitting $7.18. The company's stock had a trading volume of 397,932 shares, compared to its average volume of 513,366. The firm has a market cap of $312.19 million, a P/E ratio of 11.05, a price-to-earnings-growth ratio of 0.49 and a beta of 0.92. The company has a fifty day moving average price of $6.30 and a 200-day moving average price of $5.98. Hudson Technologies, Inc. has a one year low of $5.11 and a one year high of $10.04.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $52.23 million. Analysts anticipate that Hudson Technologies, Inc. will post 0.55 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on HDSN. Craig Hallum upgraded shares of Hudson Technologies from a "hold" rating to a "buy" rating and set a $8.00 price target on the stock in a report on Thursday, May 8th. Canaccord Genuity Group raised their target price on shares of Hudson Technologies from $6.25 to $6.75 and gave the company a "hold" rating in a research note on Thursday, May 8th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price 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.