Kingstone Capital Partners Texas LLC Purchases New Holdings in Hudson Technologies, Inc. $HDSN

Key Points

• Kingstone Capital Partners Texas LLC acquired a new stake in Hudson Technologies, purchasing 37,440 shares valued at approximately $304,000, bringing their total ownership to about 0.09% of the company.
• Hudson Technologies reported earnings per share of $0.23 for the last quarter, exceeding analysts' expectations of $0.15, with a revenue of $72.85 million.
• Several analysts upgraded Hudson Technologies' rating recently, with Wall Street Zen raising it to a "strong-buy" and B. Riley increasing their price target from $7.50 to $9.00.

Kingstone Capital Partners Texas LLC acquired a new stake in shares of Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 37,440 shares of the industrial products company's stock, valued at approximately $304,000. Kingstone Capital Partners Texas LLC owned 0.09% of Hudson Technologies at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in Hudson Technologies by 111.8% during 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 purchased a new stake in shares of Hudson Technologies in the 4th quarter valued at $53,000. ProShare Advisors LLC acquired a new stake in shares of Hudson Technologies during the 4th quarter valued at about $70,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Hudson Technologies in the first quarter valued at about $79,000. Finally, CWM LLC increased its holdings in shares of Hudson Technologies by 186.9% during the 1st quarter. CWM LLC now owns 14,102 shares of the industrial products company's stock worth $87,000 after buying an additional 9,187 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. B. Riley upgraded shares of Hudson Technologies from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $7.50 to $9.00 in a research report on Monday, June 16th. Wall Street Zen raised Hudson Technologies from a "buy" rating to a "strong-buy" rating in a report on Monday, September 8th. Finally, Canaccord Genuity Group upgraded Hudson Technologies from a "hold" rating to a "buy" rating and increased their price objective for the company from $6.75 to $10.50 in a research report on Thursday, July 31st. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $8.63.

Hudson Technologies Stock Performance

Shares of NASDAQ HDSN traded up $0.08 during midday trading on Monday, hitting $9.94. 212,038 shares of the company traded hands, compared to its average volume of 281,858. The stock has a 50-day moving average price of $9.54 and a 200 day moving average price of $7.79. Hudson Technologies, Inc. has a 12-month low of $5.11 and a 12-month high of $10.52. The firm has a market cap of $434.08 million, a P/E ratio of 24.85 and a beta of 0.97.

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

Hudson Technologies Company 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.