Dimensional Fund Advisors LP reduced its holdings in Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,051,672 shares of the industrial products company's stock after selling 81,592 shares during the quarter. Dimensional Fund Advisors LP owned about 4.54% of Hudson Technologies worth $11,448,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of HDSN. First Trust Advisors LP bought a new stake in shares of Hudson Technologies during the fourth quarter valued at approximately $129,000. Jump Financial LLC increased its position in shares of Hudson Technologies by 98.6% during the 4th quarter. Jump Financial LLC now owns 71,328 shares of the industrial products company's stock worth $398,000 after purchasing an additional 35,420 shares during the last quarter. XTX Topco Ltd grew its position in shares of Hudson Technologies by 148.3% during the fourth quarter. XTX Topco Ltd now owns 103,229 shares of the industrial products company's stock worth $576,000 after buying an additional 61,651 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Hudson Technologies in the fourth quarter valued at approximately $249,000. Finally, Renaissance Technologies LLC raised its position in Hudson Technologies by 19.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,502,150 shares of the industrial products company's stock worth $8,382,000 after acquiring an additional 246,000 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.
Hudson Technologies Stock Down 1.4%
Shares of NASDAQ:HDSN traded down $0.11 during trading on Tuesday, reaching $7.61. 481,757 shares of the company traded hands, compared to its average volume of 506,125. The firm has a fifty day simple moving average of $6.05 and a 200 day simple moving average of $5.96. Hudson Technologies, Inc. has a 1-year low of $5.11 and a 1-year high of $10.04. The firm has a market cap of $334.66 million, a P/E ratio of 11.71, a price-to-earnings-growth ratio of 0.49 and a beta of 0.92.
Hudson Technologies (NASDAQ:HDSN - Get Free Report) last posted 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. Hudson Technologies had a net margin of 12.49% and a return on equity of 12.74%. The firm had revenue of $55.34 million during the quarter, compared to the consensus estimate of $52.23 million. As a group, research analysts anticipate that Hudson Technologies, Inc. will post 0.55 EPS for the current year.
Analysts Set New Price Targets
HDSN has been the subject of a number of analyst reports. Canaccord Genuity Group boosted their price target on Hudson Technologies from $6.25 to $6.75 and gave the stock a "hold" rating in a research report on Thursday, May 8th. Craig Hallum upgraded Hudson Technologies from a "hold" rating to a "buy" rating and set a $8.00 target price for the company in a research note on Thursday, May 8th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Hudson Technologies presently has a consensus rating of "Hold" and a consensus price target of $7.25.
View Our Latest Stock Report on HDSN
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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