New York State Common Retirement Fund lowered its stake in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) by 93.9% in the third quarter, Holdings Channel reports. The firm owned 39,000 shares of the industrial products company’s stock after selling 602,725 shares during the period. New York State Common Retirement Fund’s holdings in Hudson Technologies were worth $305,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in HDSN. SG Americas Securities LLC acquired a new position in Hudson Technologies during the 2nd quarter valued at about $107,000. Sheaff Brock Investment Advisors LLC boosted its stake in Hudson Technologies by 20.8% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 14,500 shares of the industrial products company’s stock valued at $123,000 after purchasing an additional 2,500 shares during the last quarter. Gotham Asset Management LLC boosted its stake in Hudson Technologies by 25.0% during the 2nd quarter. Gotham Asset Management LLC now owns 14,956 shares of the industrial products company’s stock valued at $126,000 after purchasing an additional 2,994 shares during the last quarter. Optimum Investment Advisors boosted its stake in Hudson Technologies by 14.8% during the 2nd quarter. Optimum Investment Advisors now owns 15,500 shares of the industrial products company’s stock valued at $131,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Voya Investment Management LLC acquired a new position in Hudson Technologies during the 2nd quarter valued at about $131,000. Institutional investors and hedge funds own 76.04% of the company’s stock.
In other news, Director Richard Parrillo bought 10,000 shares of the company’s stock in a transaction on Friday, December 15th. The shares were purchased at an average price of $5.80 per share, with a total value of $58,000.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 18.00% of the stock is owned by company insiders.
Hudson Technologies (NASDAQ:HDSN) last posted its earnings results on Wednesday, November 8th. The industrial products company reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.02. Hudson Technologies had a net margin of 11.69% and a return on equity of 12.58%. The firm had revenue of $24.70 million for the quarter, compared to analysts’ expectations of $25.00 million. During the same quarter last year, the firm earned $0.14 EPS. The company’s quarterly revenue was down 29.2% compared to the same quarter last year. equities analysts anticipate that Hudson Technologies, Inc. will post 0.3 earnings per share for the current year.
Several research firms have commented on HDSN. ValuEngine cut shares of Hudson Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. B. Riley reissued a “hold” rating and set a $7.50 target price on shares of Hudson Technologies in a research report on Tuesday, November 7th. Zacks Investment Research cut shares of Hudson Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Finally, Roth Capital set a $11.00 target price on shares of Hudson Technologies and gave the stock a “buy” rating in a research report on Thursday, October 5th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. Hudson Technologies currently has a consensus rating of “Hold” and a consensus price target of $9.25.
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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