36,338 Shares in Hudson Technologies, Inc. (NASDAQ:HDSN) Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC bought a new stake in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 36,338 shares of the industrial products company’s stock, valued at approximately $303,000. Exchange Traded Concepts LLC owned approximately 0.08% of Hudson Technologies at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Rhumbline Advisers grew its stake in Hudson Technologies by 2.6% in the second quarter. Rhumbline Advisers now owns 70,982 shares of the industrial products company’s stock valued at $624,000 after purchasing an additional 1,770 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Hudson Technologies by 20.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 13,700 shares of the industrial products company’s stock valued at $120,000 after buying an additional 2,300 shares in the last quarter. ClariVest Asset Management LLC raised its position in Hudson Technologies by 2.8% during the second quarter. ClariVest Asset Management LLC now owns 93,584 shares of the industrial products company’s stock valued at $823,000 after acquiring an additional 2,555 shares in the last quarter. Principal Financial Group Inc. grew its position in Hudson Technologies by 10.3% in the second quarter. Principal Financial Group Inc. now owns 28,736 shares of the industrial products company’s stock worth $253,000 after acquiring an additional 2,673 shares in the last quarter. Finally, Quest Partners LLC increased its stake in shares of Hudson Technologies by 121.5% during the 2nd quarter. Quest Partners LLC now owns 7,905 shares of the industrial products company’s stock worth $69,000 after purchasing an additional 4,336 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Hudson Technologies Stock Performance

NASDAQ:HDSN opened at $8.12 on Monday. The firm has a market capitalization of $369.55 million, a PE ratio of 8.29, a PEG ratio of 0.44 and a beta of 1.20. Hudson Technologies, Inc. has a 1 year low of $6.94 and a 1 year high of $15.24. The firm’s fifty day simple moving average is $8.01 and its 200 day simple moving average is $8.83.

Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.20 earnings per share (EPS) 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 analyst estimates of $78.63 million. During the same period in the prior year, the business posted $0.41 earnings per share. As a group, analysts anticipate that Hudson Technologies, Inc. will post 0.58 EPS for the current fiscal year.

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.