Cubist Systematic Strategies LLC Invests $1.54 Million in Hudson Technologies, Inc. (NASDAQ:HDSN)

Cubist Systematic Strategies LLC acquired a new position in Hudson Technologies, Inc. (NASDAQ:HDSN) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 174,813 shares of the industrial products company’s stock, valued at approximately $1,537,000. Cubist Systematic Strategies LLC owned approximately 0.38% of Hudson Technologies at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in HDSN. Dimensional Fund Advisors LP boosted its position in shares of Hudson Technologies by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,574,769 shares of the industrial products company’s stock worth $21,243,000 after purchasing an additional 30,217 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Hudson Technologies in the 4th quarter worth $1,387,000. Soviero Asset Management LP boosted its position in shares of Hudson Technologies by 4.1% in the 4th quarter. Soviero Asset Management LP now owns 380,000 shares of the industrial products company’s stock worth $5,126,000 after purchasing an additional 14,900 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Hudson Technologies by 39.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 355,918 shares of the industrial products company’s stock worth $3,919,000 after purchasing an additional 100,613 shares in the last quarter. Finally, Saxon Interests Inc. acquired a new stake in shares of Hudson Technologies in the 1st quarter worth $163,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Hudson Technologies Stock Performance

NASDAQ HDSN opened at $7.99 on Wednesday. Hudson Technologies, Inc. has a fifty-two week low of $6.94 and a fifty-two week high of $15.24. The stock has a 50-day simple moving average of $8.16 and a two-hundred day simple moving average of $9.17. The firm has a market capitalization of $363.63 million, a P/E ratio of 8.15, a PEG ratio of 0.46 and a beta of 1.21.

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

Analysts Set New Price Targets

A number of analysts have commented on the company. Craig Hallum lowered their price target on Hudson Technologies from $13.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. B. Riley lowered their price target on Hudson Technologies from $13.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Hudson Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $10.60.

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.