Victory Capital Management Inc. Has $337,000 Holdings in Hudson Technologies, Inc. (NASDAQ:HDSN)

Victory Capital Management Inc. decreased its holdings in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) by 46.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,381 shares of the industrial products company’s stock after selling 35,547 shares during the quarter. Victory Capital Management Inc. owned approximately 0.09% of Hudson Technologies worth $337,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in HDSN. nVerses Capital LLC acquired a new stake in Hudson Technologies during the 3rd quarter valued at $28,000. Point72 DIFC Ltd acquired a new stake in Hudson Technologies during the 2nd quarter valued at $55,000. Quest Partners LLC lifted its holdings in Hudson Technologies by 121.5% during the 2nd quarter. Quest Partners LLC now owns 7,905 shares of the industrial products company’s stock valued at $69,000 after purchasing an additional 4,336 shares during the last quarter. Bleakley Financial Group LLC acquired a new stake in Hudson Technologies during the 3rd quarter valued at $96,000. Finally, Creative Planning acquired a new stake in Hudson Technologies during the 3rd quarter valued at $106,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Hudson Technologies Price Performance

HDSN stock opened at $5.94 on Friday. Hudson Technologies, Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $15.24. The stock has a market capitalization of $268.48 million, a price-to-earnings ratio of 9.14, a PEG ratio of 0.34 and a beta of 1.22. The business’s fifty day moving average price is $7.22 and its two-hundred day moving average price is $8.13.

Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Hudson Technologies had a return on equity of 12.74% and a net margin of 12.49%. The company had revenue of $61.94 million for the quarter, compared to analysts’ expectations of $64.92 million. During the same quarter last year, the business earned $0.34 earnings per share. Research analysts expect that Hudson Technologies, Inc. will post 0.57 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on HDSN shares. Roth Mkm downgraded Hudson Technologies from a “buy” rating to a “neutral” rating and cut their price target for the company from $12.00 to $7.00 in a report on Tuesday, November 5th. Craig Hallum downgraded Hudson Technologies from a “buy” rating to a “hold” rating and cut their price target for the company from $10.00 to $7.00 in a report on Tuesday, November 5th. Canaccord Genuity Group lowered their price objective on Hudson Technologies from $8.75 to $8.00 and set a “hold” rating on the stock in a research report on Tuesday, November 5th. Roth Capital cut Hudson Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Finally, B. Riley reiterated a “neutral” rating and set a $7.25 price objective (down previously from $8.50) on shares of Hudson Technologies in a research report on Tuesday, November 5th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $7.85.

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.