Victory Capital Management Inc. Sells 9,113 Shares of Hudson Technologies, Inc. (NASDAQ:HDSN)

Victory Capital Management Inc. cut its holdings in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) by 10.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 75,928 shares of the industrial products company’s stock after selling 9,113 shares during the period. Victory Capital Management Inc. owned 0.17% of Hudson Technologies worth $667,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Swiss National Bank bought a new stake in Hudson Technologies during the 4th quarter valued at $1,087,000. Dimensional Fund Advisors LP grew its stake in Hudson Technologies by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,574,769 shares of the industrial products company’s stock valued at $21,243,000 after purchasing an additional 30,217 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Hudson Technologies by 17.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 61,104 shares of the industrial products company’s stock valued at $824,000 after buying an additional 9,297 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in shares of Hudson Technologies during the 4th quarter worth approximately $1,387,000. Finally, Pacific Ridge Capital Partners LLC lifted its position in Hudson Technologies by 117.9% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 63,130 shares of the industrial products company’s stock valued at $852,000 after acquiring an additional 34,164 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Hudson Technologies Price Performance

NASDAQ HDSN opened at $8.19 on Friday. The stock has a market capitalization of $372.74 million, a P/E ratio of 8.36, a PEG ratio of 0.45 and a beta of 1.21. The firm’s 50-day moving average is $8.25 and its two-hundred day moving average is $9.35. Hudson Technologies, Inc. has a 12 month low of $6.94 and a 12 month high of $15.24.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.05). The company had revenue of $75.28 million for the quarter, compared to analyst estimates of $78.63 million. Hudson Technologies had a return on equity of 16.65% and a net margin of 14.00%. During the same period in the prior year, the firm posted $0.41 earnings per share. As a group, analysts anticipate that Hudson Technologies, Inc. will post 0.58 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. B. Riley reduced their price target on Hudson Technologies from $13.00 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Craig Hallum cut their price target on shares of Hudson Technologies from $13.00 to $10.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Hudson Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.60.

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.