Tealwood Asset Management Inc. decreased its stake in Hudson Technologies, Inc. (NASDAQ:HDSN) by 18.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 185,964 shares of the industrial products company’s stock after selling 41,476 shares during the period. Tealwood Asset Management Inc. owned 0.44% of Hudson Technologies worth $1,129,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. West Face Capital Inc. boosted its holdings in shares of Hudson Technologies by 8.3% in the 2nd quarter. West Face Capital Inc. now owns 2,620,580 shares of the industrial products company’s stock valued at $22,144,000 after buying an additional 200,000 shares in the last quarter. Parthenon LLC boosted its holdings in shares of Hudson Technologies by 72.5% in the 3rd quarter. Parthenon LLC now owns 48,296 shares of the industrial products company’s stock valued at $377,000 after buying an additional 20,296 shares in the last quarter. Teachers Advisors LLC acquired a new stake in Hudson Technologies during the 2nd quarter worth $551,000. Schwab Charles Investment Management Inc. acquired a new stake in Hudson Technologies during the 2nd quarter worth $505,000. Finally, OxFORD Asset Management LLP acquired a new stake in Hudson Technologies during the 3rd quarter worth $3,866,000. Institutional investors and hedge funds own 76.04% of the company’s stock.
A number of analysts recently weighed in on the stock. ValuEngine cut shares of Hudson Technologies from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research upgraded shares of Hudson Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. B. Riley reiterated a “hold” rating and set a $7.50 price target on shares of Hudson Technologies in a research note on Tuesday, November 7th. Finally, Roth Capital set a $11.00 price target on shares of Hudson Technologies and gave the stock a “buy” rating in a research note on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Hudson Technologies presently has an average rating of “Hold” and a consensus target price of $9.25.
Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) traded up $0.10 during trading hours on Friday, reaching $6.30. 201,403 shares of the company were exchanged, compared to its average volume of 345,377. The firm has a market cap of $264.85, a PE ratio of 19.69, a P/E/G ratio of 0.60 and a beta of 1.06. Hudson Technologies, Inc. has a 12-month low of $5.40 and a 12-month high of $10.40.
Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.02. The firm had revenue of $24.70 million during the quarter, compared to analysts’ expectations of $25.00 million. Hudson Technologies had a net margin of 11.69% and a return on equity of 12.58%. Hudson Technologies’s quarterly revenue was down 29.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.14 EPS. sell-side analysts predict that Hudson Technologies, Inc. will post 0.3 EPS for the current year.
In other Hudson Technologies news, Director Richard Parrillo purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was purchased at an average price of $5.80 per share, for a total transaction of $58,000.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 18.00% of the stock is owned by corporate insiders.
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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