Zurcher Kantonalbank Zurich Cantonalbank Sells 2,712 Shares of Hudson Technologies, Inc. (NASDAQ:HDSN)

Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) by 22.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,342 shares of the industrial products company’s stock after selling 2,712 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Hudson Technologies were worth $82,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of HDSN. Virtu Financial LLC acquired a new stake in shares of Hudson Technologies in the first quarter valued at about $114,000. Paradice Investment Management LLC acquired a new stake in shares of Hudson Technologies in the fourth quarter valued at about $154,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Hudson Technologies in the first quarter valued at about $126,000. Legato Capital Management LLC acquired a new stake in shares of Hudson Technologies in the second quarter valued at about $109,000. Finally, Saxon Interests Inc. acquired a new stake in shares of Hudson Technologies in the first quarter valued at about $163,000. 71.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HDSN. B. Riley decreased their target price 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. Craig Hallum decreased their target price 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. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.60.

Insiders Place Their Bets

In other Hudson Technologies news, Director Vincent P. Abbatecola sold 10,000 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $9.20, for a total value of $92,000.00. Following the completion of the sale, the director now directly owns 159,341 shares of the company’s stock, valued at $1,465,937.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 8.20% of the company’s stock.

Hudson Technologies Stock Up 1.5 %

HDSN stock opened at $7.87 on Wednesday. Hudson Technologies, Inc. has a twelve month low of $6.94 and a twelve month high of $15.24. The stock’s 50 day moving average is $8.30 and its 200-day moving average is $9.68. The firm has a market capitalization of $358.24 million, a PE ratio of 8.03, a P/E/G ratio of 0.44 and a beta of 1.21.

Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.05). The business had revenue of $75.28 million for the quarter, compared to analysts’ expectations of $78.63 million. Hudson Technologies had a net margin of 14.00% and a return on equity of 16.65%. During the same period in the previous year, the business posted $0.41 earnings per share. On average, equities research analysts anticipate that Hudson Technologies, Inc. will post 0.58 earnings per share for the current fiscal year.

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.