Quest Partners LLC Boosts Stock Holdings in Hudson Technologies, Inc. (NASDAQ:HDSN)

Quest Partners LLC increased its position in Hudson Technologies, Inc. (NASDAQ:HDSN) by 516.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 48,758 shares of the industrial products company’s stock after acquiring an additional 40,853 shares during the period. Quest Partners LLC’s holdings in Hudson Technologies were worth $407,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Seizert Capital Partners LLC raised its stake in shares of Hudson Technologies by 56.1% in the third quarter. Seizert Capital Partners LLC now owns 40,122 shares of the industrial products company’s stock worth $335,000 after purchasing an additional 14,422 shares during the last quarter. Aigen Investment Management LP bought a new stake in Hudson Technologies in the 3rd quarter worth about $132,000. New South Capital Management Inc. raised its position in Hudson Technologies by 2.1% in the 3rd quarter. New South Capital Management Inc. now owns 1,343,172 shares of the industrial products company’s stock worth $11,202,000 after buying an additional 27,576 shares during the last quarter. GSA Capital Partners LLP bought a new position in Hudson Technologies during the 3rd quarter valued at about $186,000. Finally, Atria Investments Inc boosted its holdings in shares of Hudson Technologies by 24.1% during the 3rd quarter. Atria Investments Inc now owns 29,951 shares of the industrial products company’s stock valued at $250,000 after acquiring an additional 5,823 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Hudson Technologies Price Performance

NASDAQ:HDSN opened at $6.01 on Monday. Hudson Technologies, Inc. has a one year low of $5.35 and a one year high of $15.24. The business has a fifty day moving average price of $7.41 and a 200-day moving average price of $8.21. The firm has a market capitalization of $271.65 million, a price-to-earnings ratio of 9.25, a price-to-earnings-growth ratio of 0.35 and a beta of 1.22.

Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings results 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. Hudson Technologies had a return on equity of 12.74% and a net margin of 12.49%. The business had revenue of $61.94 million during the quarter, compared to analysts’ expectations of $64.92 million. During the same quarter in the prior year, the business posted $0.34 earnings per share. On average, equities research analysts expect that Hudson Technologies, Inc. will post 0.57 earnings per share for the current fiscal year.

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.