Sequoia Financial Advisors LLC Acquires Shares of 11,400 Hudson Technologies, Inc. (NASDAQ:HDSN)

Sequoia Financial Advisors LLC acquired a new stake in shares of Hudson Technologies, Inc. (NASDAQ:HDSNFree Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 11,400 shares of the industrial products company’s stock, valued at approximately $126,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its stake in Hudson Technologies by 39.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 355,918 shares of the industrial products company’s stock valued at $3,919,000 after acquiring an additional 100,613 shares during the period. Navellier & Associates Inc. lifted its stake in Hudson Technologies by 59.0% during the 4th quarter. Navellier & Associates Inc. now owns 114,099 shares of the industrial products company’s stock valued at $1,539,000 after acquiring an additional 42,330 shares during the period. Victory Capital Management Inc. lifted its stake in Hudson Technologies by 364.8% during the 4th quarter. Victory Capital Management Inc. now owns 48,314 shares of the industrial products company’s stock valued at $652,000 after acquiring an additional 37,919 shares during the period. Pacific Ridge Capital Partners LLC lifted its stake in Hudson Technologies by 117.9% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 63,130 shares of the industrial products company’s stock valued at $852,000 after acquiring an additional 34,164 shares during the period. Finally, Swiss National Bank acquired a new stake in Hudson Technologies during the 4th quarter valued at approximately $1,087,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Vincent P. Abbatecola sold 10,000 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $9.20, for a total transaction of $92,000.00. Following the completion of the sale, the director now owns 159,341 shares of the company’s stock, valued at $1,465,937.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 8.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

HDSN has been the subject of several recent research reports. Canaccord Genuity Group reaffirmed a “hold” rating and set a $10.00 target price (down from $15.00) on shares of Hudson Technologies in a report on Thursday, May 2nd. Canaccord Genuity Group lowered shares of Hudson Technologies from a “buy” rating to a “hold” rating and cut their target price for the company from $15.00 to $10.00 in a report on Thursday, May 2nd. Craig Hallum cut their target price on shares of Hudson Technologies from $16.00 to $13.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Finally, Roth Mkm cut their target price on shares of Hudson Technologies from $14.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Hudson Technologies presently has an average rating of “Moderate Buy” and an average price target of $12.40.

View Our Latest Report on Hudson Technologies

Hudson Technologies Stock Performance

Shares of NASDAQ HDSN opened at $8.32 on Thursday. The firm has a market cap of $378.64 million, a PE ratio of 8.49, a PEG ratio of 0.37 and a beta of 1.25. The firm has a fifty day moving average of $9.06 and a 200 day moving average of $11.26. Hudson Technologies, Inc. has a one year low of $7.90 and a one year high of $15.24.

Hudson Technologies (NASDAQ:HDSNGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. The company had revenue of $65.25 million during the quarter, compared to analyst estimates of $63.04 million. Hudson Technologies had a net margin of 16.70% and a return on equity of 21.59%. During the same quarter in the previous year, the firm earned $0.33 EPS. On average, equities analysts predict that Hudson Technologies, Inc. will post 0.74 EPS for the current fiscal year.

Hudson Technologies Company Profile

(Free Report)

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

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