Jump Financial LLC Sells 49,742 Shares of Hudson Technologies, Inc. $HDSN

Key Points

• Jump Financial LLC reduced its holdings in Hudson Technologies, Inc. by 69.7%, owning 21,586 shares valued at $133,000 after selling 49,742 shares.
• Hudson Technologies reported a quarterly earnings per share of $0.23, surpassing the consensus estimate of $0.15, with a revenue of $72.85 million.
• Brokerages have recently upgraded their ratings on Hudson Technologies, with Craig Hallum rating it as a "buy" and setting a price target of $8.00.

Jump Financial LLC trimmed its position in shares of Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) by 69.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,586 shares of the industrial products company's stock after selling 49,742 shares during the period. Jump Financial LLC's holdings in Hudson Technologies were worth $133,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its stake in shares of 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 during the last quarter. State of Wyoming acquired a new position in shares of Hudson Technologies during the 4th quarter worth about $53,000. ProShare Advisors LLC acquired a new stake in Hudson Technologies in the 4th quarter worth $70,000. EP Wealth Advisors LLC bought a new stake in shares of Hudson Technologies in the fourth quarter valued at about $71,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Hudson Technologies during the first quarter valued at about $79,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wall Street Zen lowered Hudson Technologies from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 31st. B. Riley upgraded shares of Hudson Technologies from a "neutral" rating to a "buy" rating and increased their price objective for the company from $7.50 to $9.00 in a research note on Monday, June 16th. Finally, Canaccord Genuity Group raised shares of Hudson Technologies from a "hold" rating to a "buy" rating and raised their price objective for the stock from $6.75 to $10.50 in a report on Thursday, July 31st. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $8.63.

Hudson Technologies Stock Performance

Shares of NASDAQ:HDSN traded down $0.16 on Friday, hitting $10.20. The stock had a trading volume of 248,994 shares, compared to its average volume of 360,130. Hudson Technologies, Inc. has a twelve month low of $5.11 and a twelve month high of $10.45. The firm's 50 day moving average price is $9.11 and its 200-day moving average price is $7.43. The company has a market capitalization of $445.43 million, a price-to-earnings ratio of 25.50 and a beta of 0.97.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last issued its earnings results on Wednesday, July 30th. The industrial products company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.15 by $0.08. Hudson Technologies had a net margin of 8.08% and a return on equity of 7.26%. The company had revenue of $72.85 million for the quarter, compared to the consensus estimate of $71.67 million. As a group, sell-side analysts predict that Hudson Technologies, Inc. will post 0.55 EPS for the current year.

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.