Quest Partners LLC Boosts Holdings in Hudson Technologies, Inc. (NASDAQ:HDSN)

Quest Partners LLC increased its holdings in Hudson Technologies, Inc. (NASDAQ:HDSN) by 516.8% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 48,758 shares of the industrial products company’s stock after purchasing an additional 40,853 shares during the period. Quest Partners LLC owned approximately 0.11% of Hudson Technologies worth $407,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. nVerses Capital LLC bought a new stake in Hudson Technologies in the third quarter worth $28,000. Point72 DIFC Ltd bought a new stake in shares of Hudson Technologies in the 2nd quarter valued at about $55,000. Bleakley Financial Group LLC purchased a new stake in Hudson Technologies during the 3rd quarter valued at about $96,000. Creative Planning bought a new position in Hudson Technologies during the 3rd quarter worth approximately $106,000. Finally, Legato Capital Management LLC purchased a new position in Hudson Technologies in the 2nd quarter worth approximately $109,000. Institutional investors own 71.34% of the company’s stock.

Hudson Technologies Trading Down 0.3 %

Shares of NASDAQ HDSN opened at $6.01 on Monday. The firm has a fifty day simple moving average of $7.41 and a two-hundred day simple moving average of $8.21. Hudson Technologies, Inc. has a 12 month low of $5.35 and a 12 month high of $15.24. The firm has a market capitalization of $271.65 million, a PE ratio of 9.25, a price-to-earnings-growth ratio of 0.35 and a beta of 1.22.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $61.94 million during the quarter, compared to the consensus estimate of $64.92 million. Hudson Technologies had a net margin of 12.49% and a return on equity of 12.74%. During the same period in the prior year, the firm earned $0.34 earnings per share. On average, sell-side analysts predict that Hudson Technologies, Inc. will post 0.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on HDSN shares. B. Riley reissued a “neutral” rating and set a $7.25 price objective (down previously from $8.50) on shares of Hudson Technologies in a research note on Tuesday, November 5th. Roth Mkm lowered shares of Hudson Technologies from a “buy” rating to a “neutral” rating and cut their price target for the stock from $12.00 to $7.00 in a report on Tuesday, November 5th. Roth Capital cut shares of Hudson Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Canaccord Genuity Group dropped their target price on shares of Hudson Technologies from $8.75 to $8.00 and set a “hold” rating for the company in a report on Tuesday, November 5th. Finally, Craig Hallum downgraded Hudson Technologies from a “buy” rating to a “hold” rating and reduced their price target for the company from $10.00 to $7.00 in a report on Tuesday, November 5th. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $7.85.

Hudson Technologies Profile

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.