Hudson Technologies, Inc. (NASDAQ:HDSN) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its holdings in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) by 120.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 29,849 shares of the industrial products company’s stock after acquiring an additional 16,312 shares during the period. BNP Paribas Financial Markets owned approximately 0.07% of Hudson Technologies worth $249,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of HDSN. FMR LLC grew its holdings in Hudson Technologies by 299.8% in the third quarter. FMR LLC now owns 4,670 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 3,502 shares during the period. West Tower Group LLC purchased a new position in shares of Hudson Technologies during the 3rd quarter valued at approximately $28,000. Truvestments Capital LLC grew its stake in Hudson Technologies by 25.1% in the 3rd quarter. Truvestments Capital LLC now owns 46,822 shares of the industrial products company’s stock valued at $390,000 after acquiring an additional 9,392 shares during the period. Intech Investment Management LLC purchased a new stake in Hudson Technologies in the 3rd quarter worth $88,000. Finally, Quest Partners LLC increased its holdings in Hudson Technologies by 516.8% in the 3rd quarter. Quest Partners LLC now owns 48,758 shares of the industrial products company’s stock worth $407,000 after acquiring an additional 40,853 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Hudson Technologies Price Performance

Shares of Hudson Technologies stock opened at $5.44 on Tuesday. The stock’s 50 day simple moving average is $6.70 and its 200-day simple moving average is $7.81. The stock has a market cap of $245.88 million, a P/E ratio of 8.37, a P/E/G ratio of 0.36 and a beta of 1.13. Hudson Technologies, Inc. has a 1-year low of $5.29 and a 1-year high of $15.24.

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, topping analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $61.94 million for the quarter, compared to the consensus estimate of $64.92 million. Hudson Technologies had a return on equity of 12.74% and a net margin of 12.49%. During the same quarter last year, the business posted $0.34 earnings per share. As a group, research analysts expect that Hudson Technologies, Inc. will post 0.55 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.