Hudson Technologies, Inc. (NASDAQ:HDSN) Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC boosted its position in Hudson Technologies, Inc. (NASDAQ:HDSN) by 50.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,682 shares of the industrial products company’s stock after purchasing an additional 18,344 shares during the period. Exchange Traded Concepts LLC owned about 0.12% of Hudson Technologies worth $305,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its holdings in shares of 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 valued at $17,747,000 after purchasing an additional 364,117 shares in the last quarter. Wedge Capital Management L L P NC acquired a new position in Hudson Technologies during the fourth quarter worth about $1,612,000. JPMorgan Chase & Co. increased its holdings in Hudson Technologies by 69.7% in the third quarter. JPMorgan Chase & Co. now owns 338,607 shares of the industrial products company’s stock valued at $2,824,000 after buying an additional 139,042 shares in the last quarter. Barclays PLC increased its holdings in Hudson Technologies by 314.0% in the third quarter. Barclays PLC now owns 68,191 shares of the industrial products company’s stock valued at $569,000 after buying an additional 51,719 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Hudson Technologies during the 3rd quarter valued at approximately $373,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analysts Set New Price Targets

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

Hudson Technologies Trading Up 0.9 %

Shares of HDSN stock opened at $5.80 on Friday. The company has a market capitalization of $262.16 million, a price-to-earnings ratio of 8.92, a PEG ratio of 0.47 and a beta of 1.11. The firm has a 50-day moving average price of $5.76 and a 200 day moving average price of $7.09. Hudson Technologies, Inc. has a twelve month low of $5.17 and a twelve month high of $15.24.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. Hudson Technologies had a net margin of 12.49% and a return on equity of 12.74%. The business had revenue of $61.94 million during the quarter, compared to analyst estimates of $64.92 million. During the same quarter in the previous year, the business posted $0.34 earnings per share. As a group, research analysts predict that Hudson Technologies, Inc. will post 0.55 earnings per share for the current 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.