Royce & Associates LP Has $7.24 Million Holdings in Hudson Technologies, Inc. (NASDAQ:HDSN)

Royce & Associates LP decreased its holdings in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) by 24.3% in the 3rd quarter, Holdings Channel reports. The fund owned 867,697 shares of the industrial products company’s stock after selling 278,770 shares during the period. Royce & Associates LP’s holdings in Hudson Technologies were worth $7,237,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets increased its stake in shares of Hudson Technologies by 37.3% in the first quarter. BNP Paribas Financial Markets now owns 21,704 shares of the industrial products company’s stock valued at $239,000 after buying an additional 5,894 shares during the period. Russell Investments Group Ltd. boosted its holdings in Hudson Technologies by 240,800.0% in the first quarter. Russell Investments Group Ltd. now owns 57,816 shares of the industrial products company’s stock valued at $637,000 after acquiring an additional 57,792 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Hudson Technologies by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 2,280,462 shares of the industrial products company’s stock worth $25,108,000 after buying an additional 37,158 shares in the last quarter. Senator Investment Group LP bought a new position in shares of Hudson Technologies during the 1st quarter worth approximately $1,101,000. Finally, Truvestments Capital LLC boosted its holdings in shares of Hudson Technologies by 1,662.7% during the 1st quarter. Truvestments Capital LLC now owns 31,729 shares of the industrial products company’s stock worth $349,000 after buying an additional 29,929 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Hudson Technologies Stock Performance

HDSN stock opened at $5.95 on Monday. The company has a market capitalization of $268.94 million, a price-to-earnings ratio of 9.15, a PEG ratio of 0.34 and a beta of 1.22. Hudson Technologies, Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $15.24. The stock has a fifty day moving average of $7.60 and a 200-day moving average of $8.33.

Hudson Technologies (NASDAQ:HDSN) last issued its earnings results on Monday, November 4th. The industrial products company reported $0.17 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $64.92 million. During the same quarter last year, the company earned $0.34 EPS. Equities analysts predict that Hudson Technologies, Inc. will post 0.57 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on HDSN shares. B. Riley reiterated a “neutral” rating and issued a $7.25 target price (down from $8.50) on shares of Hudson Technologies in a report on Tuesday, November 5th. Roth Capital lowered Hudson Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Craig Hallum lowered Hudson Technologies from a “buy” rating to a “hold” rating and decreased their target price for the company from $10.00 to $7.00 in a research report on Tuesday, November 5th. Roth Mkm lowered Hudson Technologies from a “buy” rating to a “neutral” rating and decreased their target price for the company from $12.00 to $7.00 in a research report on Tuesday, November 5th. Finally, Canaccord Genuity Group decreased their target price 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. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.