3,348 Shares in Hudson Technologies, Inc. (NASDAQ:HDSN) Purchased by West Tower Group LLC

West Tower Group LLC bought a new position in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 3,348 shares of the industrial products company’s stock, valued at approximately $28,000.

A number of other large investors have also modified their holdings of the business. Koss Olinger Consulting LLC boosted its holdings in Hudson Technologies by 3.6% during the third quarter. Koss Olinger Consulting LLC now owns 44,003 shares of the industrial products company’s stock worth $367,000 after buying an additional 1,513 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Hudson Technologies by 2.6% in the 2nd quarter. Rhumbline Advisers now owns 70,982 shares of the industrial products company’s stock worth $624,000 after acquiring an additional 1,770 shares during the period. Sequoia Financial Advisors LLC increased its stake in Hudson Technologies by 20.2% in 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 in the last quarter. ClariVest Asset Management LLC raised its holdings in Hudson Technologies by 2.8% during the second quarter. ClariVest Asset Management LLC now owns 93,584 shares of the industrial products company’s stock worth $823,000 after purchasing an additional 2,555 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in Hudson Technologies by 10.3% during the second quarter. Principal Financial Group Inc. now owns 28,736 shares of the industrial products company’s stock worth $253,000 after purchasing an additional 2,673 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Hudson Technologies Trading Up 0.3 %

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

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

Wall Street Analyst Weigh In

Several research firms recently commented on HDSN. Canaccord Genuity Group decreased their price objective on shares of Hudson Technologies from $8.75 to $8.00 and set a “hold” rating on the stock in a research report on Tuesday, November 5th. Roth Mkm lowered shares of Hudson Technologies from a “buy” rating to a “neutral” rating and lowered their price target for the company from $12.00 to $7.00 in a research report on Tuesday, November 5th. Craig Hallum downgraded Hudson Technologies from a “buy” rating to a “hold” rating and cut their price objective for the stock from $10.00 to $7.00 in a research report on Tuesday, November 5th. B. Riley reissued a “neutral” rating and set a $7.25 price target (down previously from $8.50) on shares of Hudson Technologies in a research report on Tuesday, November 5th. Finally, Roth Capital downgraded shares of Hudson Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 5th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $7.85.

About Hudson Technologies

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.