Kennedy Capital Management Inc. acquired a new stake in Hudson Technologies, Inc. (NASDAQ:HDSN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 50,201 shares of the industrial products company’s stock, valued at approximately $305,000. Kennedy Capital Management Inc. owned approximately 0.12% of Hudson Technologies at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its stake in shares of Hudson Technologies by 13.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 17,325 shares of the industrial products company’s stock valued at $146,000 after purchasing an additional 2,025 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in shares of Hudson Technologies by 3.0% in the 3rd quarter. Allianz Asset Management GmbH now owns 421,177 shares of the industrial products company’s stock valued at $3,289,000 after purchasing an additional 12,415 shares in the last quarter. Voya Investment Management LLC acquired a new position in shares of Hudson Technologies in the 2nd quarter valued at about $131,000. Thompson Davis & CO. Inc. lifted its stake in shares of Hudson Technologies by 48.2% in the 4th quarter. Thompson Davis & CO. Inc. now owns 48,391 shares of the industrial products company’s stock valued at $294,000 after purchasing an additional 15,730 shares in the last quarter. Finally, Boothbay Fund Management LLC acquired a new position in shares of Hudson Technologies in the 3rd quarter valued at about $144,000. 76.09% of the stock is currently owned by institutional investors and hedge funds.
Hudson Technologies stock traded down $0.22 during midday trading on Friday, hitting $4.67. 412,026 shares of the company were exchanged, compared to its average volume of 482,039. The firm has a market capitalization of $198.02, a PE ratio of 9.94, a price-to-earnings-growth ratio of 0.47 and a beta of 1.23. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.38 and a current ratio of 2.19. Hudson Technologies, Inc. has a fifty-two week low of $4.39 and a fifty-two week high of $10.40.
Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings data on Wednesday, March 7th. The industrial products company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.03. Hudson Technologies had a return on equity of 11.97% and a net margin of 7.95%. The company had revenue of $24.60 million for the quarter, compared to the consensus estimate of $17.02 million. During the same period in the previous year, the business earned ($0.05) EPS. Hudson Technologies’s revenue for the quarter was up 215.4% compared to the same quarter last year. analysts forecast that Hudson Technologies, Inc. will post 0.4 earnings per share for the current fiscal year.
In other Hudson Technologies news, CEO Kevin J. Zugibe acquired 5,000 shares of the company’s stock in a transaction on Thursday, March 15th. The shares were bought at an average cost of $5.51 per share, for a total transaction of $27,550.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have acquired a total of 8,000 shares of company stock worth $44,070 over the last 90 days. 18.00% of the stock is owned by company insiders.
Several equities analysts recently commented on the company. BidaskClub raised Hudson Technologies from a “strong sell” rating to a “sell” rating in a research report on Friday, January 26th. B. Riley reduced their price target on Hudson Technologies from $7.50 to $6.50 and set a “neutral” rating on the stock in a research report on Tuesday, March 6th. ValuEngine lowered Hudson Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, Zacks Investment Research raised Hudson Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $7.75.
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Hudson Technologies 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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