Ameriprise Financial Inc. Purchases Shares of 107,452 Hudson Technologies, Inc. (NASDAQ:HDSN)

Ameriprise Financial Inc. purchased a new stake in Hudson Technologies, Inc. (NASDAQ:HDSN) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 107,452 shares of the industrial products company’s stock, valued at approximately $600,000. Ameriprise Financial Inc. owned approximately 0.24% of Hudson Technologies at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HDSN. Quarry LP raised its position in Hudson Technologies by 89.1% in the 4th quarter. Quarry LP now owns 8,840 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 4,165 shares in the last quarter. RPO LLC purchased a new stake in Hudson Technologies during the fourth quarter worth approximately $62,000. DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in Hudson Technologies during the fourth quarter worth approximately $72,000. Ieq Capital LLC purchased a new stake in Hudson Technologies during the fourth quarter worth approximately $91,000. Finally, Aquatic Capital Management LLC lifted its stake in Hudson Technologies by 278.4% during the fourth quarter. Aquatic Capital Management LLC now owns 17,029 shares of the industrial products company’s stock worth $95,000 after purchasing an additional 12,529 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Hudson Technologies Stock Performance

HDSN opened at $7.25 on Wednesday. The firm has a 50 day moving average price of $6.47 and a 200 day moving average price of $6.04. Hudson Technologies, Inc. has a 1 year low of $5.11 and a 1 year high of $9.58. The company has a market cap of $315.24 million, a PE ratio of 11.15, a price-to-earnings-growth ratio of 0.49 and a beta of 0.92.

Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.05. Hudson Technologies had a net margin of 12.49% and a return on equity of 12.74%. The company had revenue of $55.34 million during the quarter, compared to the consensus estimate of $52.23 million. On average, sell-side analysts predict that Hudson Technologies, Inc. will post 0.55 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Craig Hallum upgraded Hudson Technologies from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a research note on Thursday, May 8th. Canaccord Genuity Group lifted their price objective on shares of Hudson Technologies from $6.25 to $6.75 and gave the company a “hold” rating in a research report on Thursday, May 8th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Hudson Technologies currently has a consensus rating of “Hold” and a consensus price target of $7.25.

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.