Jacobs Levy Equity Management Inc. Takes $791,000 Position in Hudson Technologies, Inc. (NASDAQ:HDSN)

Jacobs Levy Equity Management Inc. acquired a new position in Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 141,772 shares of the industrial products company's stock, valued at approximately $791,000. Jacobs Levy Equity Management Inc. owned 0.31% of Hudson Technologies at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its position in shares of Hudson Technologies by 19.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,502,150 shares of the industrial products company's stock valued at $8,382,000 after purchasing an additional 246,000 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its stake in Hudson Technologies by 282.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,345,553 shares of the industrial products company's stock valued at $7,508,000 after buying an additional 993,833 shares during the period. Westerly Capital Management LLC boosted its holdings in shares of Hudson Technologies by 25.6% during the 4th quarter. Westerly Capital Management LLC now owns 1,017,580 shares of the industrial products company's stock worth $5,678,000 after buying an additional 207,580 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Hudson Technologies by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 995,729 shares of the industrial products company's stock worth $5,558,000 after buying an additional 4,873 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Hudson Technologies by 152.0% during the 4th quarter. JPMorgan Chase & Co. now owns 853,252 shares of the industrial products company's stock worth $4,761,000 after buying an additional 514,645 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HDSN has been the subject of several research analyst reports. 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. Canaccord Genuity Group raised their price target on shares of Hudson Technologies from $6.25 to $6.75 and gave the stock a "hold" rating in a report on Thursday, May 8th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $7.25.

Hudson Technologies Stock Down 2.5%

NASDAQ:HDSN traded down $0.19 on Thursday, hitting $7.25. The stock had a trading volume of 235,965 shares, compared to its average volume of 512,766. Hudson Technologies, Inc. has a 52 week low of $5.11 and a 52 week high of $10.04. The business's fifty day moving average is $6.30 and its 200 day moving average is $5.98. The company has a market cap of $315.02 million, a PE ratio of 11.15, a P/E/G ratio of 0.49 and a beta of 0.92.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last issued its earnings results on Wednesday, May 7th. The industrial products company reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $52.23 million. Equities analysts predict 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.