Bank of New York Mellon Corp cut its stake in Hudson Technologies, Inc. (NASDAQ:HDSN) by 47.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 109,068 shares of the industrial products company’s stock after selling 97,060 shares during the period. Bank of New York Mellon Corp owned approximately 0.26% of Hudson Technologies worth $852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. Optimum Investment Advisors grew its position in Hudson Technologies by 14.8% in the second quarter. Optimum Investment Advisors now owns 15,500 shares of the industrial products company’s stock worth $131,000 after acquiring an additional 2,000 shares during the period. Ameriprise Financial Inc. grew its position in Hudson Technologies by 13.2% in the second quarter. Ameriprise Financial Inc. now owns 17,325 shares of the industrial products company’s stock worth $146,000 after acquiring an additional 2,025 shares during the period. Gotham Asset Management LLC grew its position in Hudson Technologies by 25.0% in the second quarter. Gotham Asset Management LLC now owns 14,956 shares of the industrial products company’s stock worth $126,000 after acquiring an additional 2,994 shares during the period. Wolverine Trading LLC grew its position in Hudson Technologies by 131.7% in the second quarter. Wolverine Trading LLC now owns 17,512 shares of the industrial products company’s stock worth $147,000 after acquiring an additional 9,955 shares during the period. Finally, SG Americas Securities LLC purchased a new position in Hudson Technologies in the second quarter worth approximately $107,000. Institutional investors and hedge funds own 76.04% of the company’s stock.
Hudson Technologies, Inc. (NASDAQ HDSN) opened at $6.37 on Friday. Hudson Technologies, Inc. has a 52 week low of $5.40 and a 52 week high of $10.40. The company has a market capitalization of $270.31, a price-to-earnings ratio of 19.30, a price-to-earnings-growth ratio of 0.62 and a beta of 1.07.
Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. Hudson Technologies had a return on equity of 12.58% and a net margin of 11.69%. The company had revenue of $24.70 million for the quarter, compared to analysts’ expectations of $25.00 million. During the same period in the prior year, the firm earned $0.14 earnings per share. The firm’s revenue was down 29.2% compared to the same quarter last year. research analysts forecast that Hudson Technologies, Inc. will post 0.3 EPS for the current fiscal year.
In other news, Director Richard Parrillo purchased 10,000 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were bought at an average cost of $5.80 per share, for a total transaction of $58,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 18.00% of the stock is owned by corporate insiders.
HDSN has been the subject of several analyst reports. B. Riley set a $8.00 price objective on Hudson Technologies and gave the stock a “hold” rating in a research report on Wednesday, October 11th. Roth Capital set a $11.00 price objective on Hudson Technologies and gave the stock a “buy” rating in a research report on Thursday, October 5th. Zacks Investment Research lowered Hudson Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Finally, ValuEngine upgraded Hudson Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, December 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $9.25.
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Hudson Technologies Company 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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