Forest Hill Capital LLC purchased a new position in shares of Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 100,000 shares of the industrial products company's stock, valued at approximately $558,000. Forest Hill Capital LLC owned approximately 0.22% of Hudson Technologies as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in the stock. Renaissance Technologies LLC boosted its position in Hudson Technologies by 19.6% during the fourth quarter. Renaissance Technologies LLC now owns 1,502,150 shares of the industrial products company's stock worth $8,382,000 after purchasing an additional 246,000 shares during the period. D. E. Shaw & Co. Inc. boosted its holdings in shares of Hudson Technologies by 282.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,345,553 shares of the industrial products company's stock worth $7,508,000 after buying an additional 993,833 shares during the period. Westerly Capital Management LLC grew its stake in Hudson Technologies by 25.6% in the 4th quarter. Westerly Capital Management LLC now owns 1,017,580 shares of the industrial products company's stock valued at $5,678,000 after buying an additional 207,580 shares during the last quarter. Geode Capital Management LLC raised its holdings in Hudson Technologies by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 995,729 shares of the industrial products company's stock worth $5,558,000 after acquiring an additional 4,873 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Hudson Technologies by 152.0% in the 4th quarter. JPMorgan Chase & Co. now owns 853,252 shares of the industrial products company's stock worth $4,761,000 after acquiring an additional 514,645 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the company. Canaccord Genuity Group raised their price target on Hudson Technologies from $6.25 to $6.75 and gave the company a "hold" rating in a research report on Thursday, May 8th. Craig Hallum raised Hudson Technologies from a "hold" rating to a "buy" rating and set a $8.00 target price on the stock in a report on Thursday, May 8th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $7.25.
View Our Latest Stock Analysis on HDSN
Hudson Technologies Price Performance
Shares of NASDAQ HDSN traded up $0.28 during mid-day trading on Thursday, hitting $7.87. The company had a trading volume of 435,617 shares, compared to its average volume of 508,203. The business's 50-day simple moving average is $6.12 and its 200-day simple moving average is $5.98. The firm has a market cap of $345.92 million, a P/E ratio of 12.12, a PEG ratio of 0.49 and a beta of 0.92. Hudson Technologies, Inc. has a 12 month low of $5.11 and a 12 month high of $10.04.
Hudson Technologies (NASDAQ:HDSN - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.05. The business had revenue of $55.34 million for the quarter, compared to analysts' expectations of $52.23 million. Hudson Technologies had a return on equity of 12.74% and a net margin of 12.49%. As a group, sell-side analysts predict that Hudson Technologies, Inc. will post 0.55 EPS for the current year.
Hudson Technologies Company Profile
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Free Report)
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.
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