Point72 DIFC Ltd Invests $55,000 in Hudson Technologies, Inc. (NASDAQ:HDSN)

Point72 DIFC Ltd bought a new stake in Hudson Technologies, Inc. (NASDAQ:HDSN) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,202 shares of the industrial products company’s stock, valued at approximately $55,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. New South Capital Management Inc. bought a new stake in Hudson Technologies in the 2nd quarter valued at $11,564,000. Lazard Asset Management LLC acquired a new stake in shares of Hudson Technologies during the 1st quarter valued at about $4,549,000. Dimensional Fund Advisors LP increased its stake in Hudson Technologies by 22.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,019,067 shares of the industrial products company’s stock valued at $17,747,000 after acquiring an additional 364,117 shares during the period. Foundry Partners LLC raised its position in Hudson Technologies by 81.0% in the first quarter. Foundry Partners LLC now owns 676,098 shares of the industrial products company’s stock worth $7,444,000 after purchasing an additional 302,529 shares in the last quarter. Finally, Sixth Street Partners Management Company L.P. lifted its stake in Hudson Technologies by 30.0% during the second quarter. Sixth Street Partners Management Company L.P. now owns 1,300,000 shares of the industrial products company’s stock worth $11,427,000 after purchasing an additional 300,000 shares during the period. 71.34% of the stock is owned by institutional investors.

Hudson Technologies Stock Performance

NASDAQ:HDSN opened at $8.26 on Friday. The stock has a market capitalization of $375.92 million, a P/E ratio of 8.43, a price-to-earnings-growth ratio of 0.46 and a beta of 1.21. Hudson Technologies, Inc. has a 1 year low of $6.94 and a 1 year high of $15.24. The firm has a 50 day moving average of $8.17 and a 200-day moving average of $9.21.

Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.05). The business had revenue of $75.28 million during the quarter, compared to the consensus estimate of $78.63 million. Hudson Technologies had a net margin of 14.00% and a return on equity of 16.65%. During the same quarter in the previous year, the firm posted $0.41 EPS. As a group, analysts forecast that Hudson Technologies, Inc. will post 0.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HDSN. Craig Hallum lowered their price objective on Hudson Technologies from $13.00 to $10.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. B. Riley dropped their price objective on Hudson Technologies from $13.00 to $10.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Hudson Technologies has an average rating of “Moderate Buy” and an average target price of $10.60.

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.