142,767 Shares in Hudson Technologies, Inc. (NASDAQ:HDSN) Acquired by Man Group plc

Man Group plc bought a new stake in Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 142,767 shares of the industrial products company's stock, valued at approximately $797,000. Man Group plc owned about 0.32% of Hudson Technologies at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Quarry LP raised its position in Hudson Technologies by 89.1% in the fourth quarter. Quarry LP now owns 8,840 shares of the industrial products company's stock valued at $49,000 after purchasing an additional 4,165 shares during the last quarter. RPO LLC bought a new position in Hudson Technologies in the fourth quarter valued at about $62,000. EP Wealth Advisors LLC bought a new position in Hudson Technologies in the fourth quarter valued at about $71,000. DORCHESTER WEALTH MANAGEMENT Co bought a new position in Hudson Technologies in the fourth quarter valued at about $72,000. Finally, Ieq Capital LLC bought a new position in Hudson Technologies in the fourth quarter valued at about $91,000. 71.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Craig Hallum upgraded Hudson Technologies from a "hold" rating to a "buy" rating and set a $8.00 target price for the company in a research report on Thursday, May 8th. Canaccord Genuity Group raised their price objective 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 issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $7.25.

Hudson Technologies Stock Performance

Shares of HDSN traded down $0.12 during mid-day trading on Thursday, reaching $6.98. 54,564 shares of the company were exchanged, compared to its average volume of 511,575. Hudson Technologies, Inc. has a 52 week low of $5.11 and a 52 week high of $9.58. The stock has a market capitalization of $303.28 million, a PE ratio of 10.73, a PEG ratio of 0.49 and a beta of 0.92. The business has a 50 day simple moving average of $6.41 and a two-hundred day simple moving average of $6.01.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.06 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $52.23 million. On average, analysts predict that Hudson Technologies, Inc. will post 0.55 EPS for the current 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.