Allspring Global Investments Holdings LLC Has $635,000 Position in Hudson Technologies, Inc. (NASDAQ:HDSN)

Allspring Global Investments Holdings LLC lowered its stake in Hudson Technologies, Inc. (NASDAQ:HDSN) by 68.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,122 shares of the industrial products company’s stock after selling 167,307 shares during the period. Allspring Global Investments Holdings LLC owned 0.17% of Hudson Technologies worth $635,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Swedbank AB acquired a new stake in Hudson Technologies during the 1st quarter worth $1,652,000. Russell Investments Group Ltd. grew its holdings in 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 acquiring an additional 57,792 shares during the period. Sixth Street Partners Management Company L.P. boosted its position in shares of Hudson Technologies by 30.0% during the second 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. Commonwealth Equity Services LLC bought a new position in shares of Hudson Technologies during the second quarter worth $687,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Hudson Technologies by 22.0% during the second 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. Institutional investors and hedge funds own 71.34% of the company’s stock.

Hudson Technologies Stock Performance

Shares of NASDAQ HDSN opened at $7.42 on Friday. Hudson Technologies, Inc. has a 52-week low of $6.94 and a 52-week high of $15.24. The firm has a 50 day moving average price of $8.01 and a two-hundred day moving average price of $8.67. The stock has a market cap of $337.76 million, a P/E ratio of 9.64, a price-to-earnings-growth ratio of 0.43 and a beta of 1.20.

Hudson Technologies (NASDAQ:HDSN) last announced 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 quarter last year, the company posted $0.41 earnings per share. Analysts predict that Hudson Technologies, Inc. will post 0.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HDSN has been the topic of a number of recent analyst reports. B. Riley cut shares of Hudson Technologies from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $10.00 to $8.50 in a research report on Wednesday. Craig Hallum cut their price objective on shares of Hudson Technologies from $13.00 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $10.30.

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.