Arizona State Retirement System Takes $154,000 Position in Hudson Technologies, Inc. (NASDAQ:HDSN)

Arizona State Retirement System acquired a new position in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 11,421 shares of the industrial products company’s stock, valued at approximately $154,000.

Several other institutional investors have also recently added to or reduced their stakes in HDSN. SG Americas Securities LLC acquired a new position in Hudson Technologies during the third quarter worth $301,000. Bank of New York Mellon Corp lifted its stake in Hudson Technologies by 2.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 355,368 shares of the industrial products company’s stock worth $4,726,000 after acquiring an additional 7,175 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Hudson Technologies by 83.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 318,126 shares of the industrial products company’s stock valued at $4,231,000 after acquiring an additional 144,682 shares during the period. Brightline Capital Management LLC acquired a new position in Hudson Technologies in the 3rd quarter valued at about $1,862,000. Finally, Jump Financial LLC acquired a new position in Hudson Technologies in the 3rd quarter valued at about $262,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Hudson Technologies Price Performance

NASDAQ:HDSN opened at $10.53 on Tuesday. Hudson Technologies, Inc. has a 52 week low of $7.21 and a 52 week high of $15.24. The company has a fifty day simple moving average of $12.29 and a two-hundred day simple moving average of $12.71. The company has a market cap of $479.22 million, a price-to-earnings ratio of 9.49, a price-to-earnings-growth ratio of 0.36 and a beta of 0.91.

Hudson Technologies (NASDAQ:HDSN) last released its earnings results on Wednesday, March 6th. The industrial products company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. Hudson Technologies had a return on equity of 25.57% and a net margin of 18.08%. The firm had revenue of $44.86 million during the quarter, compared to analysts’ expectations of $39.72 million. On average, analysts expect that Hudson Technologies, Inc. will post 0.98 EPS for the current year.

Analysts Set New Price Targets

Separately, B. Riley reduced their price target on shares of Hudson Technologies from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th.

Hudson Technologies Company 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.