Ballentine Partners LLC Makes New $247,000 Investment in Hudson Technologies, Inc. (NASDAQ:HDSN)

Ballentine Partners LLC purchased a new position in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 29,649 shares of the industrial products company’s stock, valued at approximately $247,000. Ballentine Partners LLC owned about 0.07% of Hudson Technologies at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HDSN. nVerses Capital LLC acquired a new stake in shares of Hudson Technologies during the third quarter worth about $28,000. Point72 DIFC Ltd acquired a new stake in shares of Hudson Technologies during the second quarter worth about $55,000. Quest Partners LLC increased its position in shares of Hudson Technologies by 121.5% during the second quarter. Quest Partners LLC now owns 7,905 shares of the industrial products company’s stock worth $69,000 after purchasing an additional 4,336 shares in the last quarter. Bleakley Financial Group LLC acquired a new stake in shares of Hudson Technologies during the third quarter worth about $96,000. Finally, Creative Planning acquired a new stake in shares of Hudson Technologies during the third quarter worth about $106,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Hudson Technologies Stock Down 4.0 %

Shares of HDSN stock opened at $7.96 on Wednesday. The stock has a market capitalization of $362.27 million, a PE ratio of 8.12, a price-to-earnings-growth ratio of 0.46 and a beta of 1.20. Hudson Technologies, Inc. has a 52-week low of $6.94 and a 52-week high of $15.24. The stock’s 50-day moving average price is $8.03 and its 200 day moving average price is $8.69.

Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.05). The company had revenue of $75.28 million during the quarter, compared to analyst estimates of $78.63 million. Hudson Technologies had a net margin of 14.00% and a return on equity of 16.65%. During the same quarter last year, the firm earned $0.41 EPS. Analysts expect that Hudson Technologies, Inc. will post 0.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HDSN has been the topic of a number of research analyst reports. Craig Hallum cut their target price on Hudson Technologies from $13.00 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. B. Riley cut their target price on Hudson Technologies from $13.00 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $10.60.

About Hudson Technologies

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.