Squarepoint Ops LLC Has $310,000 Stake in Hudson Technologies, Inc. (NASDAQ:HDSN)

Squarepoint Ops LLC cut its holdings in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) by 46.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,254 shares of the industrial products company’s stock after selling 30,048 shares during the quarter. Squarepoint Ops LLC’s holdings in Hudson Technologies were worth $310,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in HDSN. Point72 DIFC Ltd bought a new position in Hudson Technologies during the second quarter worth $55,000. Quest Partners LLC lifted its stake in shares of Hudson Technologies by 121.5% during the 2nd quarter. Quest Partners LLC now owns 7,905 shares of the industrial products company’s stock worth $69,000 after buying an additional 4,336 shares during the last quarter. Legato Capital Management LLC bought a new stake in shares of Hudson Technologies during the 2nd quarter worth about $109,000. Virtu Financial LLC acquired a new position in Hudson Technologies in the 1st quarter valued at about $114,000. Finally, Sequoia Financial Advisors LLC raised its holdings in Hudson Technologies by 20.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 13,700 shares of the industrial products company’s stock valued at $120,000 after acquiring an additional 2,300 shares during the period. Institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on HDSN shares. Craig Hallum reduced their price objective on Hudson Technologies from $13.00 to $10.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. B. Riley reduced their price target 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. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $10.60.

Hudson Technologies Stock Up 2.7 %

NASDAQ HDSN opened at $7.90 on Friday. The firm has a 50-day moving average price of $7.99 and a two-hundred day moving average price of $8.96. Hudson Technologies, Inc. has a 12-month low of $6.94 and a 12-month high of $15.24. The company has a market capitalization of $359.54 million, a P/E ratio of 8.06, a P/E/G ratio of 0.44 and a beta of 1.20.

Hudson Technologies (NASDAQ:HDSN) last issued 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). The company had revenue of $75.28 million during the quarter, compared to the consensus estimate of $78.63 million. Hudson Technologies had a net margin of 14.00% and a return on equity of 16.65%. During the same quarter last year, the firm posted $0.41 earnings per share. Equities analysts expect that Hudson Technologies, Inc. will post 0.58 EPS 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.