Victory Capital Management Inc. Grows Stock Holdings in Hudson Technologies, Inc. (NASDAQ:HDSN)

Victory Capital Management Inc. boosted its stake in shares of Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) by 41.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,308 shares of the industrial products company's stock after purchasing an additional 29,756 shares during the period. Victory Capital Management Inc. owned about 0.23% of Hudson Technologies worth $631,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. SummerHaven Investment Management LLC boosted its stake in shares of Hudson Technologies by 2.7% in the 1st quarter. SummerHaven Investment Management LLC now owns 94,287 shares of the industrial products company's stock worth $582,000 after buying an additional 2,479 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Hudson Technologies by 111.8% in the first quarter. GAMMA Investing LLC now owns 4,970 shares of the industrial products company's stock valued at $31,000 after acquiring an additional 2,624 shares during the period. Sequoia Financial Advisors LLC boosted its position in Hudson Technologies by 24.2% in the first quarter. Sequoia Financial Advisors LLC now owns 16,525 shares of the industrial products company's stock worth $102,000 after purchasing an additional 3,225 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Hudson Technologies by 4.8% during the 4th quarter. Franklin Resources Inc. now owns 73,104 shares of the industrial products company's stock valued at $408,000 after purchasing an additional 3,335 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in shares of Hudson Technologies by 3.7% during the 4th quarter. Russell Investments Group Ltd. now owns 110,727 shares of the industrial products company's stock valued at $618,000 after purchasing an additional 3,990 shares during the period. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Hudson Technologies Trading Up 1.7%

Hudson Technologies stock opened at $9.55 on Friday. Hudson Technologies, Inc. has a 12-month low of $5.11 and a 12-month high of $9.70. The firm has a market capitalization of $415.23 million, a price-to-earnings ratio of 23.88, a P/E/G ratio of 0.67 and a beta of 0.96. The firm has a 50 day moving average of $7.92 and a 200 day moving average of $6.72.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $71.67 million. Hudson Technologies had a net margin of 8.08% and a return on equity of 7.30%. On average, analysts predict that Hudson Technologies, Inc. will post 0.55 EPS for the current year.

Wall Street Analysts Forecast Growth

HDSN has been the topic of several recent research reports. Craig Hallum upgraded shares of Hudson Technologies from a "hold" rating to a "buy" rating and set a $8.00 price objective on the stock in a research note on Thursday, May 8th. Wall Street Zen upgraded shares of Hudson Technologies from a "hold" rating to a "buy" rating in a research report on Saturday. Canaccord Genuity Group raised shares of Hudson Technologies from a "hold" rating to a "buy" rating and boosted their price objective for the company from $6.75 to $10.50 in a research report on Thursday. Finally, B. Riley raised Hudson Technologies from a "neutral" rating to a "buy" rating and raised their target price for the stock from $7.50 to $9.00 in a report on Monday, June 16th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.

Want to see what other hedge funds are holding HDSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.