Nuveen LLC Makes New $713,000 Investment in Hudson Technologies, Inc. $HDSN

Key Points

• Nuveen LLC has made a new investment of approximately $713,000 in Hudson Technologies, acquiring 115,574 shares during the first quarter.
• A number of institutional investors, including Wells Fargo and Raymond James, have significantly increased their positions in Hudson Technologies, with institutional ownership now standing around 71.34%.
• Research analysts have upgraded Hudson Technologies' stock ratings, with B. Riley and Canaccord Genuity Group raising their target prices, reflecting a consensus rating of Moderate Buy with a target price of $8.63.

Nuveen LLC purchased a new position in shares of Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 115,574 shares of the industrial products company's stock, valued at approximately $713,000. Nuveen LLC owned 0.26% of Hudson Technologies as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC purchased a new stake in Hudson Technologies in the 1st quarter valued at about $79,000. Sequoia Financial Advisors LLC raised its stake in shares of Hudson Technologies by 24.2% during the first quarter. Sequoia Financial Advisors LLC now owns 16,525 shares of the industrial products company's stock valued at $102,000 after acquiring an additional 3,225 shares during the last quarter. GAMMA Investing LLC raised its holdings in Hudson Technologies by 111.8% in the 1st quarter. GAMMA Investing LLC now owns 4,970 shares of the industrial products company's stock worth $31,000 after purchasing an additional 2,624 shares in the last quarter. New South Capital Management Inc. raised its stake in Hudson Technologies by 12.3% in the first quarter. New South Capital Management Inc. now owns 1,483,719 shares of the industrial products company's stock worth $9,155,000 after buying an additional 162,002 shares in the last quarter. Finally, Two Sigma Advisers LP grew its holdings in shares of Hudson Technologies by 147.8% during the fourth quarter. Two Sigma Advisers LP now owns 234,400 shares of the industrial products company's stock valued at $1,308,000 after buying an additional 139,800 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Hudson Technologies Trading Up 0.4%

Shares of NASDAQ:HDSN traded up $0.05 during midday trading on Monday, hitting $10.25. The stock had a trading volume of 107,753 shares, compared to its average volume of 453,876. Hudson Technologies, Inc. has a 1 year low of $5.11 and a 1 year high of $10.45. The company has a market capitalization of $447.40 million, a PE ratio of 25.69 and a beta of 0.97. The stock has a 50 day moving average price of $9.11 and a two-hundred day moving average price of $7.44.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last posted 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 company 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%. As a group, equities analysts expect that Hudson Technologies, Inc. will post 0.55 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on HDSN shares. B. Riley upgraded shares of Hudson Technologies from a "neutral" rating to a "buy" rating and lifted their target price for the company from $7.50 to $9.00 in a research note on Monday, June 16th. Wall Street Zen raised shares of Hudson Technologies from a "buy" rating to a "strong-buy" rating in a research note on Monday. Finally, Canaccord Genuity Group upgraded shares of 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 note on Thursday, July 31st. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $8.63.

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.