JB Capital Partners LP acquired a new stake in shares of Hudson Technologies, Inc. (NASDAQ:HDSN – Free Report) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 306,200 shares of the industrial products company’s stock, valued at approximately $1,757,588,000.
A number of other institutional investors and hedge funds have also made changes to their positions in HDSN. State of Alaska Department of Revenue acquired a new position in Hudson Technologies in the fourth quarter valued at $28,000. Quarry LP grew its position in Hudson Technologies by 51.9% during the third quarter. Quarry LP now owns 5,281 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 1,805 shares during the period. BNP Paribas Financial Markets increased its stake in Hudson Technologies by 88.3% during the third quarter. BNP Paribas Financial Markets now owns 7,530 shares of the industrial products company’s stock worth $75,000 after acquiring an additional 3,532 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Hudson Technologies by 177.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,715 shares of the industrial products company’s stock worth $71,000 after purchasing an additional 5,576 shares during the period. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of Hudson Technologies in the 4th quarter worth about $62,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms have recently weighed in on HDSN. Canaccord Genuity Group reduced their price objective on Hudson Technologies from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Wall Street Zen cut Hudson Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Finally, Weiss Ratings downgraded shares of Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $8.62.
Insider Buying and Selling at Hudson Technologies
In other Hudson Technologies news, major shareholder Hartree Partners, Lp acquired 5,198 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The shares were purchased at an average price of $5.50 per share, for a total transaction of $28,589.00. Following the completion of the purchase, the insider directly owned 5,099,388 shares in the company, valued at $28,046,634. The trade was a 0.10% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Over the last ninety days, insiders have bought 892,288 shares of company stock worth $5,241,655. 1.90% of the stock is owned by corporate insiders.
Hudson Technologies Price Performance
Shares of HDSN stock opened at $5.63 on Friday. The firm has a market cap of $236.96 million, a P/E ratio of 28.15 and a beta of 0.78. Hudson Technologies, Inc. has a 1-year low of $4.64 and a 1-year high of $10.52. The firm has a fifty day moving average of $5.93 and a two-hundred day moving average of $6.06.
Hudson Technologies (NASDAQ:HDSN – Get Free Report) last released its earnings results on Wednesday, August 5th. The industrial products company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.06). The business had revenue of $78.35 million for the quarter, compared to the consensus estimate of $74.20 million. Hudson Technologies had a net margin of 3.51% and a return on equity of 4.95%. On average, sell-side analysts expect that Hudson Technologies, Inc. will post 0.17 EPS for the current year.
About Hudson Technologies
Hudson Technologies, Inc is a U.S.-based provider of refrigerant management and sustainability solutions, specializing in the recovery, reclamation and recycling of refrigerant gases. The company’s core business centers on collecting used refrigerants—such as CFCs, HCFCs and HFCs—from industrial, commercial and institutional customers, processing them in certified reclamation facilities and returning material that meets industry purity standards.
Headquartered in Purchase, New York, Hudson Technologies operates a network of reclamation centers across the continental United States.
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