Hudson Technologies, Inc. (NASDAQ:HDSN) Stock Position Lowered by Denali Advisors LLC

Denali Advisors LLC reduced its position in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) by 13.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,474 shares of the industrial products company’s stock after selling 4,600 shares during the period. Denali Advisors LLC owned approximately 0.07% of Hudson Technologies worth $336,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of HDSN. Tower Research Capital LLC TRC boosted its position in shares of Hudson Technologies by 417.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,954 shares of the industrial products company’s stock valued at $94,000 after purchasing an additional 5,610 shares in the last quarter. Arizona State Retirement System bought a new stake in Hudson Technologies during the fourth quarter worth approximately $154,000. Paradice Investment Management LLC bought a new stake in Hudson Technologies during the fourth quarter worth approximately $154,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Hudson Technologies in the fourth quarter worth approximately $163,000. Finally, Saxon Interests Inc. bought a new position in shares of Hudson Technologies in the first quarter valued at $163,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Hudson Technologies Stock Performance

Shares of HDSN opened at $8.47 on Thursday. The company has a market capitalization of $385.47 million, a PE ratio of 8.64, a PEG ratio of 0.38 and a beta of 1.25. The company’s 50 day moving average price is $9.25 and its 200 day moving average price is $11.42. Hudson Technologies, Inc. has a 52 week low of $7.90 and a 52 week high of $15.24.

Hudson Technologies (NASDAQ:HDSN) last issued its earnings results on Wednesday, May 1st. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Hudson Technologies had a net margin of 16.70% and a return on equity of 21.59%. The company had revenue of $65.25 million during the quarter, compared to analyst estimates of $63.04 million. During the same quarter last year, the business posted $0.33 EPS. On average, equities analysts forecast that Hudson Technologies, Inc. will post 0.74 earnings per share for the current fiscal year.

Insider Activity at Hudson Technologies

In other Hudson Technologies news, Director Vincent P. Abbatecola sold 10,000 shares of the company’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $9.20, for a total value of $92,000.00. Following the transaction, the director now directly owns 159,341 shares of the company’s stock, valued at approximately $1,465,937.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 8.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Craig Hallum reduced their price objective on Hudson Technologies from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Canaccord Genuity Group lowered Hudson Technologies from a “buy” rating to a “hold” rating and cut their target price for the stock from $15.00 to $10.00 in a research report on Thursday, May 2nd. Roth Mkm cut their target price on Hudson Technologies from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. B. Riley cut their target price on Hudson Technologies from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and set a $10.00 target price (down from $15.00) on shares of Hudson Technologies in a research report on Thursday, May 2nd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $12.40.

Hudson Technologies Company 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.