Allspring Global Investments Holdings LLC lowered its stake in Hudson Technologies, Inc. (NASDAQ:HDSN – Free Report) by 19.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 255,305 shares of the industrial products company’s stock after selling 62,821 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Hudson Technologies were worth $3,444,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Meeder Asset Management Inc. bought a new position in shares of Hudson Technologies in the fourth quarter valued at $26,000. Metropolitan Life Insurance Co NY increased its holdings in shares of Hudson Technologies by 140.1% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 2,677 shares of the industrial products company’s stock valued at $27,000 after buying an additional 1,562 shares in the last quarter. Quarry LP bought a new position in shares of Hudson Technologies in the first quarter valued at $31,000. Legal & General Group Plc bought a new position in shares of Hudson Technologies in the second quarter valued at $35,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Hudson Technologies by 230.8% in the second quarter. Tower Research Capital LLC TRC now owns 3,715 shares of the industrial products company’s stock valued at $36,000 after buying an additional 2,592 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.
Hudson Technologies Stock Up 0.3 %
Shares of NASDAQ:HDSN opened at $10.53 on Friday. The company’s fifty day moving average is $12.38 and its two-hundred day moving average is $12.73. Hudson Technologies, Inc. has a 12-month low of $7.21 and a 12-month high of $15.24. The company has a market cap of $479.22 million, a P/E ratio of 9.49, a price-to-earnings-growth ratio of 0.36 and a beta of 0.91.
Analyst Upgrades and Downgrades
Separately, B. Riley dropped their price target on Hudson Technologies from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, March 7th.
Read Our Latest Analysis on Hudson Technologies
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.
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