Creative Planning Invests $106,000 in Hudson Technologies, Inc. (NASDAQ:HDSN)

Creative Planning purchased a new stake in Hudson Technologies, Inc. (NASDAQ:HDSN) in the third quarter, HoldingsChannel reports. The firm purchased 12,705 shares of the industrial products company’s stock, valued at approximately $106,000.

Other institutional investors have also recently bought and sold shares of the company. Point72 DIFC Ltd acquired a new stake in shares of Hudson Technologies in the 2nd quarter valued at $55,000. Quest Partners LLC increased its position in Hudson Technologies by 121.5% in the second quarter. Quest Partners LLC now owns 7,905 shares of the industrial products company’s stock worth $69,000 after purchasing an additional 4,336 shares during the period. Legato Capital Management LLC bought a new stake in Hudson Technologies during the 2nd quarter worth about $109,000. Virtu Financial LLC bought a new stake in Hudson Technologies during the 1st quarter worth about $114,000. Finally, Sequoia Financial Advisors LLC lifted its position in Hudson Technologies by 20.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 13,700 shares of the industrial products company’s stock valued at $120,000 after purchasing an additional 2,300 shares during the period. Institutional investors own 71.34% of the company’s stock.

Hudson Technologies Stock Performance

Shares of HDSN stock opened at $5.98 on Wednesday. Hudson Technologies, Inc. has a 52 week low of $5.35 and a 52 week high of $15.24. The company’s 50 day moving average price is $7.71 and its two-hundred day moving average price is $8.41. The company has a market capitalization of $272.22 million, a P/E ratio of 9.20, a price-to-earnings-growth ratio of 0.34 and a beta of 1.22.

Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings data 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. The business had revenue of $61.94 million for the quarter, compared to analyst estimates of $64.92 million. Hudson Technologies had a net margin of 12.49% and a return on equity of 12.94%. During the same period last year, the business posted $0.34 earnings per share. Analysts forecast that Hudson Technologies, Inc. will post 0.57 earnings per share for the current year.

Analyst Ratings Changes

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

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.