Isthmus Partners LLC acquired a new position in Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 30,290 shares of the industrial products company's stock, valued at approximately $187,000. Isthmus Partners LLC owned 0.07% of Hudson Technologies at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of HDSN. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Hudson Technologies during the first quarter worth about $79,000. Sequoia Financial Advisors LLC lifted its holdings in shares of Hudson Technologies by 24.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 16,525 shares of the industrial products company's stock worth $102,000 after acquiring an additional 3,225 shares during the last quarter. GAMMA Investing LLC grew its position 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 worth $31,000 after acquiring an additional 2,624 shares in the last quarter. New South Capital Management Inc. increased its stake in Hudson Technologies by 12.3% in the first quarter. New South Capital Management Inc. now owns 1,483,719 shares of the industrial products company's stock valued at $9,155,000 after acquiring an additional 162,002 shares during the last quarter. Finally, Two Sigma Advisers LP increased its stake in Hudson Technologies by 147.8% in the fourth quarter. Two Sigma Advisers LP now owns 234,400 shares of the industrial products company's stock valued at $1,308,000 after acquiring an additional 139,800 shares during the last quarter. 71.34% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the company. Canaccord Genuity Group upped 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. B. Riley upgraded Hudson Technologies from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $7.50 to $9.00 in a research report on Monday, June 16th. Finally, 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 research report on Thursday, May 8th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $7.69.
Get Our Latest Report on HDSN
Hudson Technologies Trading Down 2.2%
Shares of NASDAQ:HDSN traded down $0.18 on Monday, reaching $8.12. 233,071 shares of the company traded hands, compared to its average volume of 455,536. Hudson Technologies, Inc. has a 52 week low of $5.11 and a 52 week high of $9.28. The business's 50-day simple moving average is $7.61 and its 200 day simple moving average is $6.46. The stock has a market capitalization of $353.07 million, a P/E ratio of 21.95, a price-to-earnings-growth ratio of 0.76 and a beta of 0.94.
Hudson Technologies (NASDAQ:HDSN - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $0.06 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 business had revenue of $55.34 million for the quarter, compared to analysts' expectations of $52.23 million. Sell-side analysts expect that Hudson Technologies, Inc. will post 0.55 EPS for the current fiscal year.
Hudson Technologies Company Profile
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Free Report)
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.
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