Forest Hill Capital LLC Purchases Shares of 100,000 Hudson Technologies, Inc. (NASDAQ:HDSN)

Forest Hill Capital LLC bought a new stake in Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 100,000 shares of the industrial products company's stock, valued at approximately $558,000. Forest Hill Capital LLC owned 0.22% of Hudson Technologies at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in HDSN. Deutsche Bank AG lifted its stake in shares of Hudson Technologies by 36.9% in the 4th quarter. Deutsche Bank AG now owns 70,995 shares of the industrial products company's stock worth $396,000 after acquiring an additional 19,146 shares during the period. D. E. Shaw & Co. Inc. increased its stake in shares of Hudson Technologies by 282.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,345,553 shares of the industrial products company's stock valued at $7,508,000 after acquiring an additional 993,833 shares during the period. EP Wealth Advisors LLC bought a new stake in Hudson Technologies during the fourth quarter worth approximately $71,000. Cubist Systematic Strategies LLC lifted its position in Hudson Technologies by 91.5% in the fourth quarter. Cubist Systematic Strategies LLC now owns 196,580 shares of the industrial products company's stock worth $1,097,000 after purchasing an additional 93,944 shares during the period. Finally, Bridgeway Capital Management LLC bought a new position in Hudson Technologies during the 4th quarter valued at $1,091,000. Institutional investors own 71.34% of the company's stock.

Hudson Technologies Stock Down 4.6 %

Shares of Hudson Technologies stock opened at $7.44 on Friday. Hudson Technologies, Inc. has a 12-month low of $5.11 and a 12-month high of $10.04. The firm has a market capitalization of $327.18 million, a PE ratio of 11.45, a price-to-earnings-growth ratio of 0.49 and a beta of 0.92. The stock's fifty day moving average is $6.01 and its 200-day moving average is $5.99.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $0.06 earnings per share 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 firm had revenue of $55.34 million for the quarter, compared to analysts' expectations of $52.23 million. Analysts expect that Hudson Technologies, Inc. will post 0.55 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on HDSN shares. Canaccord Genuity Group lifted their target price on Hudson Technologies from $6.25 to $6.75 and gave the stock a "hold" rating in a report on Thursday. Craig Hallum upgraded shares of Hudson Technologies from a "hold" rating to a "buy" rating and set a $8.00 price objective for the company in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Hudson Technologies currently has an average rating of "Hold" and a consensus price target of $7.25.

Hudson Technologies 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.

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