GSA Capital Partners LLP Acquires New Stake in Hudson Technologies, Inc. (NASDAQ:HDSN)

GSA Capital Partners LLP bought a new position in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 22,288 shares of the industrial products company’s stock, valued at approximately $186,000.

A number of other institutional investors have also recently made changes to their positions in HDSN. New South Capital Management Inc. bought a new stake in Hudson Technologies in the second quarter valued at approximately $11,564,000. Lazard Asset Management LLC bought a new position in Hudson Technologies during the first quarter worth $4,549,000. Dimensional Fund Advisors LP lifted its holdings in Hudson Technologies by 22.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,019,067 shares of the industrial products company’s stock valued at $17,747,000 after buying an additional 364,117 shares during the period. Sixth Street Partners Management Company L.P. boosted its position in Hudson Technologies by 30.0% during the second quarter. Sixth Street Partners Management Company L.P. now owns 1,300,000 shares of the industrial products company’s stock valued at $11,427,000 after acquiring an additional 300,000 shares during the last quarter. Finally, Foundry Partners LLC grew its holdings in Hudson Technologies by 39.3% during the 2nd quarter. Foundry Partners LLC now owns 941,923 shares of the industrial products company’s stock worth $8,280,000 after acquiring an additional 265,825 shares during the period. Institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Hudson Technologies Price Performance

NASDAQ:HDSN opened at $6.01 on Monday. Hudson Technologies, Inc. has a 1 year low of $5.35 and a 1 year high of $15.24. The stock’s fifty day moving average price is $7.41 and its two-hundred day moving average price is $8.21. The company has a market cap of $271.65 million, a P/E ratio of 9.25, a P/E/G ratio of 0.35 and a beta of 1.22.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. The firm 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 last year, the firm earned $0.34 EPS. On average, analysts expect that Hudson Technologies, Inc. will post 0.57 earnings per share for the current fiscal year.

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.