Hudson Technologies, Inc. (NASDAQ:HDSN) Shares Acquired by Graham Capital Management L.P.

Graham Capital Management L.P. lifted its stake in shares of Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) by 125.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 80,945 shares of the industrial products company's stock after acquiring an additional 45,083 shares during the quarter. Graham Capital Management L.P. owned 0.18% of Hudson Technologies worth $452,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Quarry LP boosted its position in shares of Hudson Technologies by 89.1% during the 4th quarter. Quarry LP now owns 8,840 shares of the industrial products company's stock worth $49,000 after acquiring an additional 4,165 shares in the last quarter. RPO LLC purchased a new position in Hudson Technologies in the fourth quarter valued at approximately $62,000. EP Wealth Advisors LLC purchased a new position in Hudson Technologies in the fourth quarter valued at approximately $71,000. DORCHESTER WEALTH MANAGEMENT Co acquired a new stake in Hudson Technologies during the fourth quarter worth approximately $72,000. Finally, Ieq Capital LLC acquired a new stake in Hudson Technologies during the fourth quarter worth approximately $91,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Hudson Technologies Trading Down 1.5%

NASDAQ:HDSN traded down $0.12 during trading hours on Wednesday, hitting $7.58. The stock had a trading volume of 46,989 shares, compared to its average volume of 512,240. The business has a 50 day simple moving average of $6.27 and a two-hundred day simple moving average of $5.97. Hudson Technologies, Inc. has a 1-year low of $5.11 and a 1-year high of $10.04. The company has a market cap of $329.76 million, a PE ratio of 11.65, a price-to-earnings-growth ratio of 0.49 and a beta of 0.92.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.05. The firm had revenue of $55.34 million for the quarter, compared to the consensus estimate of $52.23 million. Hudson Technologies had a net margin of 12.49% and a return on equity of 12.74%. Research analysts expect that Hudson Technologies, Inc. will post 0.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on HDSN shares. Craig Hallum upgraded shares of Hudson Technologies from a "hold" rating to a "buy" rating and set a $8.00 target price for the company in a report on Thursday, May 8th. Canaccord Genuity Group upped their price objective on shares of Hudson Technologies from $6.25 to $6.75 and gave the company a "hold" rating in a research note on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $7.25.

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.