22,288 Shares in Hudson Technologies, Inc. (NASDAQ:HDSN) Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP purchased a new stake in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 22,288 shares of the industrial products company’s stock, valued at approximately $186,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its stake in shares of Hudson Technologies by 240,800.0% during the 1st quarter. Russell Investments Group Ltd. now owns 57,816 shares of the industrial products company’s stock worth $637,000 after buying an additional 57,792 shares during the last quarter. Vanguard Group Inc. lifted its position in Hudson Technologies by 1.7% during the first quarter. Vanguard Group Inc. now owns 2,280,462 shares of the industrial products company’s stock worth $25,108,000 after acquiring an additional 37,158 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in Hudson Technologies during the 1st quarter worth approximately $4,549,000. Virtu Financial LLC acquired a new stake in Hudson Technologies during the 1st quarter worth approximately $114,000. Finally, Swedbank AB bought a new stake in Hudson Technologies in the 1st quarter valued at $1,652,000. 71.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Canaccord Genuity Group dropped their target price on Hudson Technologies from $8.75 to $8.00 and set a “hold” rating for the company in a report on Tuesday, November 5th. Roth Mkm downgraded shares of Hudson Technologies from a “buy” rating to a “neutral” rating and cut their price objective for the company from $12.00 to $7.00 in a report on Tuesday, November 5th. Craig Hallum cut shares of Hudson Technologies from a “buy” rating to a “hold” rating and lowered their target price for the stock from $10.00 to $7.00 in a report on Tuesday, November 5th. B. Riley reiterated a “neutral” rating and issued a $7.25 price target (down from $8.50) on shares of Hudson Technologies in a research report on Tuesday, November 5th. Finally, Roth Capital downgraded Hudson Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Hudson Technologies has a consensus rating of “Hold” and a consensus target price of $7.85.

Hudson Technologies Trading Down 0.3 %

Shares of NASDAQ:HDSN opened at $6.01 on Monday. The firm has a 50 day moving average of $7.41 and a 200-day moving average of $8.21. Hudson Technologies, Inc. has a 12 month low of $5.35 and a 12 month high of $15.24. The stock has a market capitalization of $271.65 million, a PE ratio of 9.25, a PEG ratio of 0.35 and a beta of 1.22.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. The business had revenue of $61.94 million during the quarter, compared to the consensus estimate of $64.92 million. Hudson Technologies had a net margin of 12.49% and a return on equity of 12.74%. During the same period in the previous year, the business earned $0.34 earnings per share. On average, research analysts predict that Hudson Technologies, Inc. will post 0.57 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.