Jacobs Levy Equity Management Inc. purchased a new stake in shares of Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 141,772 shares of the industrial products company's stock, valued at approximately $791,000. Jacobs Levy Equity Management Inc. owned approximately 0.31% of Hudson Technologies at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. increased its position in Hudson Technologies by 69.7% in the third quarter. JPMorgan Chase & Co. now owns 338,607 shares of the industrial products company's stock worth $2,824,000 after buying an additional 139,042 shares during the period. Wedge Capital Management L L P NC acquired a new stake in Hudson Technologies in the fourth quarter worth $1,612,000. SG Americas Securities LLC increased its position in Hudson Technologies by 48.1% in the fourth quarter. SG Americas Securities LLC now owns 28,681 shares of the industrial products company's stock worth $160,000 after buying an additional 9,319 shares during the period. Exchange Traded Concepts LLC increased its position in Hudson Technologies by 50.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 54,682 shares of the industrial products company's stock worth $305,000 after buying an additional 18,344 shares during the period. Finally, Rhumbline Advisers increased its position in Hudson Technologies by 3.9% in the fourth quarter. Rhumbline Advisers now owns 69,541 shares of the industrial products company's stock worth $388,000 after buying an additional 2,601 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities research analysts have weighed in on HDSN shares. Craig Hallum raised Hudson Technologies from a "hold" rating to a "buy" rating and set a $8.00 target price on the stock in a research report on Thursday, May 8th. Canaccord Genuity Group increased their target price on Hudson Technologies from $6.25 to $6.75 and gave the stock a "hold" rating in a research report on Thursday, May 8th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $7.25.
Get Our Latest Report on HDSN
Hudson Technologies Stock Performance
Shares of NASDAQ:HDSN traded down $0.10 on Friday, hitting $7.08. The company's stock had a trading volume of 333,154 shares, compared to its average volume of 513,199. Hudson Technologies, Inc. has a 12 month low of $5.11 and a 12 month high of $9.70. The company has a market capitalization of $307.85 million, a price-to-earnings 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 is $6.34 and its two-hundred day moving average is $5.98.
Hudson Technologies (NASDAQ:HDSN - Get Free Report) last released its quarterly earnings results 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 company had revenue of $55.34 million during the quarter, compared to analysts' expectations of $52.23 million. Equities analysts expect that Hudson Technologies, Inc. will post 0.55 earnings per share for the current fiscal year.
About Hudson Technologies
(
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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