Victory Capital Management Inc. Makes New $100,000 Investment in Hudson Technologies, Inc. (NASDAQ:HDSN)

Victory Capital Management Inc. bought a new position in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,395 shares of the industrial products company’s stock, valued at approximately $100,000.

Several other hedge funds also recently bought and sold shares of HDSN. ArrowMark Colorado Holdings LLC lifted its position in shares of Hudson Technologies by 60.6% during the first quarter. ArrowMark Colorado Holdings LLC now owns 3,358,614 shares of the industrial products company’s stock worth $29,321,000 after purchasing an additional 1,266,687 shares in the last quarter. Millennium Management LLC lifted its position in shares of Hudson Technologies by 382.1% during the second quarter. Millennium Management LLC now owns 1,397,116 shares of the industrial products company’s stock worth $10,492,000 after purchasing an additional 1,107,307 shares in the last quarter. Cooper Creek Partners Management LLC lifted its position in shares of Hudson Technologies by 28.9% during the first quarter. Cooper Creek Partners Management LLC now owns 3,085,140 shares of the industrial products company’s stock worth $26,933,000 after purchasing an additional 691,774 shares in the last quarter. State Street Corp lifted its position in shares of Hudson Technologies by 426.3% during the second quarter. State Street Corp now owns 635,457 shares of the industrial products company’s stock worth $4,772,000 after purchasing an additional 514,719 shares in the last quarter. Finally, Invesco Ltd. acquired a new stake in shares of Hudson Technologies during the first quarter worth about $3,190,000. Hedge funds and other institutional investors own 63.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on HDSN shares. Canaccord Genuity Group started coverage on shares of Hudson Technologies in a research report on Monday, September 25th. They set a “buy” rating and a $15.00 price target on the stock. Canaccord Genuity Group initiated coverage on shares of Hudson Technologies in a research report on Monday, September 25th. They set a “buy” rating and a $15.00 price target on the stock. Finally, StockNews.com initiated coverage on shares of Hudson Technologies in a report on Thursday, October 5th. They issued a “hold” rating on the stock.

Hudson Technologies Stock Up 0.5 %

Shares of NASDAQ:HDSN opened at $12.37 on Monday. The firm’s 50 day moving average price is $12.75 and its 200 day moving average price is $10.48. The stock has a market cap of $561.60 million, a price-to-earnings ratio of 10.85, a price-to-earnings-growth ratio of 0.35 and a beta of 1.22. Hudson Technologies, Inc. has a fifty-two week low of $7.21 and a fifty-two week high of $14.14. The company has a quick ratio of 1.32, a current ratio of 3.83 and a debt-to-equity ratio of 0.12.

Hudson Technologies Profile

Hudson Technologies, Inc a refrigerant services company, provides solutions to recurring problems within the refrigeration industry 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.