11,484 Shares in Hudson Technologies, Inc. (NASDAQ:HDSN) Bought by Bleakley Financial Group LLC

Bleakley Financial Group LLC purchased a new position in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,484 shares of the industrial products company’s stock, valued at approximately $96,000.

Several other institutional investors and hedge funds have also modified their holdings of HDSN. nVerses Capital LLC purchased a new stake in Hudson Technologies during the 3rd quarter worth approximately $28,000. Creative Planning acquired a new position in Hudson Technologies in the third quarter valued at approximately $106,000. Exchange Traded Concepts LLC acquired a new position in Hudson Technologies during the third quarter worth $303,000. SG Americas Securities LLC acquired a new stake in shares of Hudson Technologies in the third quarter valued at $161,000. Finally, Point72 DIFC Ltd acquired a new stake in shares of Hudson Technologies in the second quarter valued at $55,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Craig Hallum dropped their price objective on Hudson Technologies from $13.00 to $10.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. B. Riley lowered their price objective on Hudson Technologies from $13.00 to $10.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Hudson Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $10.60.

Hudson Technologies Price Performance

NASDAQ:HDSN opened at $7.79 on Friday. Hudson Technologies, Inc. has a 1-year low of $6.94 and a 1-year high of $15.24. The firm has a 50-day moving average of $8.02 and a two-hundred day moving average of $8.76. The stock has a market cap of $354.53 million, a P/E ratio of 7.95, a PEG ratio of 0.44 and a beta of 1.20.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.05). Hudson Technologies had a return on equity of 16.65% and a net margin of 14.00%. The business had revenue of $75.28 million for the quarter, compared to analyst estimates of $78.63 million. During the same quarter last year, the company earned $0.41 EPS. As a group, equities analysts expect that Hudson Technologies, Inc. will post 0.58 earnings per share for the current 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.