Quest Partners LLC Has $69,000 Stake in Hudson Technologies, Inc. (NASDAQ:HDSN)

Quest Partners LLC grew its position in Hudson Technologies, Inc. (NASDAQ:HDSN) by 121.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 7,905 shares of the industrial products company’s stock after purchasing an additional 4,336 shares during the quarter. Quest Partners LLC’s holdings in Hudson Technologies were worth $69,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in HDSN. New South Capital Management Inc. bought a new position in Hudson Technologies in the second quarter valued at approximately $11,564,000. Lazard Asset Management LLC acquired a new position in shares of Hudson Technologies during the 1st quarter worth $4,549,000. Foundry Partners LLC raised its holdings in shares of Hudson Technologies by 81.0% during the 1st quarter. Foundry Partners LLC now owns 676,098 shares of the industrial products company’s stock worth $7,444,000 after buying an additional 302,529 shares in the last quarter. Swedbank AB bought a new stake in shares of Hudson Technologies during the 1st quarter worth $1,652,000. Finally, Zazove Associates LLC acquired a new stake in Hudson Technologies in the first quarter valued at about $1,376,000. Institutional investors own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

HDSN has been the subject of several research analyst reports. B. Riley lowered 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 lowered their price objective on shares of Hudson Technologies from $13.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $10.60.

Hudson Technologies Trading Up 7.1 %

Hudson Technologies stock opened at $8.47 on Wednesday. The company has a market capitalization of $385.48 million, a PE ratio of 8.70, a P/E/G ratio of 0.45 and a beta of 1.21. The stock has a 50-day moving average price of $8.26 and a two-hundred day moving average price of $9.48. Hudson Technologies, Inc. has a 12 month low of $6.94 and a 12 month high of $15.24.

Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $78.63 million. During the same quarter last year, the business earned $0.41 EPS. As a group, analysts predict that Hudson Technologies, Inc. will post 0.58 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.