Isthmus Partners LLC Invests $187,000 in Hudson Technologies, Inc. (NASDAQ:HDSN)

Isthmus Partners LLC acquired a new position in shares of Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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.

A number of other large investors have also modified their holdings of HDSN. GAMMA Investing LLC increased its holdings 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 valued at $31,000 after buying an additional 2,624 shares during the last quarter. Quarry LP increased its holdings in Hudson Technologies by 89.1% in the fourth quarter. Quarry LP now owns 8,840 shares of the industrial products company's stock valued at $49,000 after buying an additional 4,165 shares during the last quarter. State of Wyoming purchased a new position in Hudson Technologies in the fourth quarter valued at $53,000. RPO LLC purchased a new position in Hudson Technologies in the fourth quarter valued at $62,000. Finally, ProShare Advisors LLC purchased a new position in Hudson Technologies in the fourth quarter valued at $70,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HDSN. B. Riley raised Hudson Technologies from a "neutral" rating to a "buy" rating and increased their target price for the company from $7.50 to $9.00 in a report on Monday, June 16th. Canaccord Genuity Group increased their target price on Hudson Technologies from $6.25 to $6.75 and gave the company a "hold" rating in a report on Thursday, May 8th. Finally, Craig Hallum upgraded shares of Hudson Technologies from a "hold" rating to a "buy" rating and set a $8.00 price objective for the company in a research note on Thursday, May 8th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $7.69.

Hudson Technologies Stock Performance

NASDAQ HDSN traded up $0.33 during trading hours on Thursday, hitting $8.35. The company had a trading volume of 424,796 shares, compared to its average volume of 493,712. Hudson Technologies, Inc. has a 1-year low of $5.11 and a 1-year high of $9.23. The company has a market cap of $363.06 million, a PE ratio of 22.57, a price-to-earnings-growth ratio of 0.73 and a beta of 0.94. The business has a 50 day moving average of $7.70 and a 200-day moving average of $6.52.

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, beating the consensus estimate of $0.01 by $0.05. Hudson Technologies had a net margin of 7.74% and a return on equity of 7.07%. The company had revenue of $55.34 million during the quarter, compared to the consensus estimate of $52.23 million. Sell-side analysts expect that Hudson Technologies, Inc. will post 0.55 earnings per share for the current fiscal year.

About Hudson Technologies

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.