Westwood Management Corp IL held its position in Hudson Technologies, Inc. (NASDAQ:HDSN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,000 shares of the industrial products company’s stock at the end of the second quarter. Westwood Management Corp IL’s holdings in Hudson Technologies were worth $169,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Gradient Investments LLC bought a new position in Hudson Technologies during the second quarter worth $314,000. AXA bought a new position in Hudson Technologies during the first quarter worth $106,000. Renaissance Technologies LLC raised its position in Hudson Technologies by 168.0% in the fourth quarter. Renaissance Technologies LLC now owns 263,400 shares of the industrial products company’s stock worth $2,110,000 after buying an additional 165,100 shares during the period. Dimensional Fund Advisors LP raised its position in Hudson Technologies by 51.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,079,572 shares of the industrial products company’s stock worth $8,647,000 after buying an additional 366,756 shares during the period. Finally, Parthenon LLC acquired a new stake in shares of Hudson Technologies during the second quarter valued at approximately $237,000. 74.39% of the stock is owned by institutional investors.
Hudson Technologies, Inc. (NASDAQ:HDSN) traded up 1.18% during trading on Friday, hitting $8.56. The stock had a trading volume of 388,062 shares. The company’s 50 day moving average is $8.60 and its 200 day moving average is $7.71. The firm has a market cap of $356.41 million, a PE ratio of 20.05 and a beta of 1.12. Hudson Technologies, Inc. has a 52-week low of $5.42 and a 52-week high of $10.40.
Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings results on Wednesday, August 9th. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. Hudson Technologies had a return on equity of 16.99% and a net margin of 12.80%. The business had revenue of $52.23 million for the quarter, compared to the consensus estimate of $46.34 million. Equities research analysts forecast that Hudson Technologies, Inc. will post $0.40 earnings per share for the current year.
Several brokerages have commented on HDSN. B. Riley reiterated a “buy” rating and set a $8.50 target price on shares of Hudson Technologies in a research note on Tuesday, May 9th. Roth Capital set a $10.00 target price on Hudson Technologies and gave the company a “buy” rating in a research note on Saturday, June 17th. Zacks Investment Research upgraded Hudson Technologies from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Finally, BidaskClub downgraded Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $9.50.
Hudson Technologies Company Profile
Hudson Technologies, Inc is a refrigerant services company. The Company’s products and services are primarily used in commercial air conditioning, industrial processing and refrigeration systems, and include refrigerant and industrial gas sales, refrigerant management services consisting primarily of reclamation of refrigerants and RefrigerantSide Services performed at a customer’s site, consisting of system decontamination to remove moisture, oils and other contaminants.
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