Cambridge Investment Research Advisors Inc. Invests $109,000 in Hudson Technologies, Inc. (NASDAQ:HDSN)

Cambridge Investment Research Advisors Inc. acquired a new position in shares of Hudson Technologies, Inc. (NASDAQ:HDSNGet Rating) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 14,762 shares of the industrial products company’s stock, valued at approximately $109,000.

Several other hedge funds and other institutional investors have also made changes to their positions in HDSN. Prairiewood Capital LLC acquired a new stake in Hudson Technologies in the third quarter worth approximately $260,000. Legal & General Group Plc acquired a new stake in Hudson Technologies in the second quarter worth approximately $35,000. Goldman Sachs Group Inc. lifted its position in Hudson Technologies by 101.8% in the second quarter. Goldman Sachs Group Inc. now owns 133,944 shares of the industrial products company’s stock worth $1,005,000 after purchasing an additional 67,559 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Hudson Technologies by 127.6% in the second quarter. Price T Rowe Associates Inc. MD now owns 84,137 shares of the industrial products company’s stock worth $632,000 after purchasing an additional 47,177 shares during the period. Finally, Occudo Quantitative Strategies LP lifted its position in Hudson Technologies by 75.3% in the second quarter. Occudo Quantitative Strategies LP now owns 104,188 shares of the industrial products company’s stock worth $782,000 after purchasing an additional 44,740 shares during the period. 62.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Hudson Technologies

In other Hudson Technologies news, CFO Nat Krishnamurti sold 45,000 shares of the business’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $10.66, for a total transaction of $479,700.00. Following the sale, the chief financial officer now directly owns 71,401 shares of the company’s stock, valued at approximately $761,134.66. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, VP Kenneth Gaglione sold 19,000 shares of the company’s stock in a transaction on Monday, December 12th. The shares were sold at an average price of $11.53, for a total value of $219,070.00. Following the transaction, the vice president now directly owns 3,207 shares of the company’s stock, valued at $36,976.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Nat Krishnamurti sold 45,000 shares of the company’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $10.66, for a total transaction of $479,700.00. Following the completion of the transaction, the chief financial officer now directly owns 71,401 shares in the company, valued at $761,134.66. The disclosure for this sale can be found here. Company insiders own 10.00% of the company’s stock.

Hudson Technologies Price Performance

Shares of NASDAQ:HDSN opened at $10.98 on Tuesday. The company’s fifty day moving average is $10.62 and its two-hundred day moving average is $9.18. The company has a quick ratio of 1.23, a current ratio of 3.26 and a debt-to-equity ratio of 0.29. Hudson Technologies, Inc. has a 12-month low of $3.11 and a 12-month high of $12.46. The company has a market cap of $494.93 million, a P/E ratio of 4.95, a price-to-earnings-growth ratio of 0.24 and a beta of 1.49.

Hudson Technologies (NASDAQ:HDSNGet Rating) last announced its earnings results on Wednesday, November 2nd. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.27. Hudson Technologies had a net margin of 33.25% and a return on equity of 74.90%. The company had revenue of $89.50 million for the quarter, compared to the consensus estimate of $78.00 million. Equities analysts expect that Hudson Technologies, Inc. will post 1.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HDSN has been the subject of a number of research analyst reports. EF Hutton Acquisition Co. I upped their target price on Hudson Technologies from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Thursday, November 3rd. StockNews.com began coverage on Hudson Technologies in a research report on Wednesday, October 12th. They set a “hold” rating for the company.

About Hudson Technologies

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Hudson Technologies, Inc a refrigerant services company, provides solutions to recurring problems within the refrigeration industry primarily in the United States. The company's products and services include refrigerant and industrial gas sales; refrigerant management services consisting primarily of reclamation of refrigerants, re-usable cylinder refurbishment, and hydrostatic testing services; and RefrigerantSide services comprising system decontamination to remove moisture, oils, and other contaminants.

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Institutional Ownership by Quarter for Hudson Technologies (NASDAQ:HDSN)

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