Sanctuary Advisors LLC Purchases New Position in Hudson Technologies, Inc. (NASDAQ:HDSN)

Sanctuary Advisors LLC purchased a new stake in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 44,777 shares of the industrial products company’s stock, valued at approximately $373,000. Sanctuary Advisors LLC owned approximately 0.10% of Hudson Technologies at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of HDSN. New South Capital Management Inc. purchased a new stake in Hudson Technologies in the 2nd quarter worth approximately $11,564,000. Dimensional Fund Advisors LP lifted its stake in Hudson Technologies by 22.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,019,067 shares of the industrial products company’s stock worth $17,747,000 after purchasing an additional 364,117 shares in the last quarter. Sixth Street Partners Management Company L.P. lifted its stake in Hudson Technologies by 30.0% in the 2nd quarter. Sixth Street Partners Management Company L.P. now owns 1,300,000 shares of the industrial products company’s stock worth $11,427,000 after purchasing an additional 300,000 shares in the last quarter. Foundry Partners LLC lifted its stake in Hudson Technologies by 39.3% in the 2nd quarter. Foundry Partners LLC now owns 941,923 shares of the industrial products company’s stock worth $8,280,000 after purchasing an additional 265,825 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in Hudson Technologies in the 2nd quarter worth approximately $1,537,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Hudson Technologies Price Performance

Shares of NASDAQ:HDSN opened at $5.40 on Friday. The company’s fifty day moving average price is $6.29 and its 200-day moving average price is $7.62. The firm has a market capitalization of $244.07 million, a price-to-earnings ratio of 8.31, a PEG ratio of 0.36 and a beta of 1.13. Hudson Technologies, Inc. has a one year low of $5.17 and a one year high of $15.24.

Hudson Technologies (NASDAQ:HDSN) last released its earnings results 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. Hudson Technologies had a net margin of 12.49% and a return on equity of 12.74%. The company had revenue of $61.94 million for the quarter, compared to analyst estimates of $64.92 million. During the same quarter last year, the firm earned $0.34 EPS. As a group, equities research analysts expect that Hudson Technologies, Inc. will post 0.55 EPS for the current year.

Wall Street Analysts Forecast Growth

HDSN has been the topic of several recent analyst reports. Roth Mkm cut shares of Hudson Technologies from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $12.00 to $7.00 in a research note on Tuesday, November 5th. Canaccord Genuity Group lowered their target price on shares of Hudson Technologies from $8.75 to $8.00 and set a “hold” rating on the stock in a research note on Tuesday, November 5th. Roth Capital lowered shares of Hudson Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 5th. Craig Hallum lowered shares of Hudson Technologies from a “buy” rating to a “hold” rating and decreased their price target for the stock from $10.00 to $7.00 in a report on Tuesday, November 5th. Finally, B. Riley reissued a “neutral” rating and issued a $7.25 price target (down previously from $8.50) on shares of Hudson Technologies in a report on Tuesday, November 5th. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $7.85.

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.