Hudson Technologies, Inc. (NASDAQ:HDSN) Shares Bought by Truvestments Capital LLC

Truvestments Capital LLC grew its position in Hudson Technologies, Inc. (NASDAQ:HDSN) by 25.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 46,822 shares of the industrial products company’s stock after purchasing an additional 9,392 shares during the period. Truvestments Capital LLC owned approximately 0.10% of Hudson Technologies worth $390,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. New South Capital Management Inc. purchased a new stake in Hudson Technologies in the second quarter valued at approximately $11,564,000. Lazard Asset Management LLC purchased a new stake in shares of Hudson Technologies in the 1st quarter valued at $4,549,000. Dimensional Fund Advisors LP increased its stake in shares of Hudson Technologies by 22.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,019,067 shares of the industrial products company’s stock worth $17,747,000 after acquiring an additional 364,117 shares during the period. Sixth Street Partners Management Company L.P. increased its stake in shares of Hudson Technologies by 30.0% in the second quarter. Sixth Street Partners Management Company L.P. now owns 1,300,000 shares of the industrial products company’s stock worth $11,427,000 after acquiring an additional 300,000 shares during the period. Finally, Foundry Partners LLC raised its holdings in shares of Hudson Technologies by 39.3% during the second quarter. Foundry Partners LLC now owns 941,923 shares of the industrial products company’s stock worth $8,280,000 after purchasing an additional 265,825 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Hudson Technologies Trading Up 0.3 %

NASDAQ HDSN opened at $6.03 on Tuesday. The stock has a market capitalization of $272.55 million, a price-to-earnings ratio of 9.28, a PEG ratio of 0.35 and a beta of 1.22. The stock has a 50-day moving average of $7.41 and a 200 day moving average of $8.21. Hudson Technologies, Inc. has a twelve month low of $5.35 and a twelve month high of $15.24.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. Hudson Technologies had a return on equity of 12.74% and a net margin of 12.49%. The business had revenue of $61.94 million during the quarter, compared to analysts’ expectations of $64.92 million. During the same period in the previous year, the business earned $0.34 earnings per share. Equities analysts predict that Hudson Technologies, Inc. will post 0.57 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on HDSN shares. Craig Hallum downgraded Hudson Technologies from a “buy” rating to a “hold” rating and cut their price target for the stock from $10.00 to $7.00 in a research report 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. Canaccord Genuity Group reduced their price target on Hudson Technologies from $8.75 to $8.00 and set a “hold” rating for the company in a research report on Tuesday, November 5th. Roth Mkm lowered Hudson Technologies from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $12.00 to $7.00 in a research report on Tuesday, November 5th. Finally, B. Riley reaffirmed a “neutral” rating and set a $7.25 target price (down from $8.50) on shares of Hudson Technologies in a report on Tuesday, November 5th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Hudson Technologies presently has a consensus rating of “Hold” and a consensus price target 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.