Hudson Technologies, Inc. $HDSN Shares Sold by Jump Financial LLC

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 decreased its stake in shares of Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) by 69.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,586 shares of the industrial products company's stock after selling 49,742 shares during the quarter. 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 hedge funds have also bought and sold shares of HDSN. GAMMA Investing LLC increased its stake in Hudson Technologies by 111.8% during the 1st quarter. GAMMA Investing LLC now owns 4,970 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 2,624 shares in the last quarter. State of Wyoming acquired a new position in Hudson Technologies during the 4th quarter valued at approximately $53,000. ProShare Advisors LLC acquired a new position in Hudson Technologies during the 4th quarter valued at approximately $70,000. EP Wealth Advisors LLC acquired a new position in Hudson Technologies during the 4th quarter valued at approximately $71,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Hudson Technologies during the 1st quarter valued at approximately $79,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Analysts Set New Price Targets

HDSN has been the topic of a number of recent analyst reports. Canaccord Genuity Group upgraded shares of Hudson Technologies from a "hold" rating to a "buy" rating and upped their price target for the company from $6.75 to $10.50 in a research note on Thursday, July 31st. B. Riley upgraded shares of Hudson Technologies from a "neutral" rating to a "buy" rating and upped their price target for the company from $7.50 to $9.00 in a research note on Monday, June 16th. Finally, Wall Street Zen raised shares of Hudson Technologies from a "buy" rating to a "strong-buy" rating in a report on Monday. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $8.63.

Hudson Technologies Stock Up 0.6%

Shares of NASDAQ HDSN traded up $0.06 during midday trading on Wednesday, reaching $10.11. 197,240 shares of the stock were exchanged, compared to its average volume of 346,716. The firm has a market cap of $441.50 million, a price-to-earnings ratio of 25.28 and a beta of 0.97. The firm has a 50-day simple moving average of $9.23 and a two-hundred day simple moving average of $7.51. Hudson Technologies, Inc. has a twelve month low of $5.11 and a twelve month high of $10.45.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.08. The firm had revenue of $72.85 million for the quarter, compared to the consensus estimate of $71.67 million. Hudson Technologies had a net margin of 8.08% and a return on equity of 7.26%. Research analysts expect that Hudson Technologies, Inc. will post 0.55 EPS 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.