Wealth Enhancement Advisory Services LLC Takes Position in Hudson Technologies, Inc. (NASDAQ:HDSN)

Wealth Enhancement Advisory Services LLC purchased a new stake in Hudson Technologies, Inc. (NASDAQ:HDSN) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 12,853 shares of the industrial products company’s stock, valued at approximately $79,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC increased its stake in Hudson Technologies by 111.8% during the 1st quarter. GAMMA Investing LLC now owns 4,970 shares of the industrial products company’s stock worth $31,000 after buying an additional 2,624 shares during the period. Quarry LP increased its stake in Hudson Technologies by 89.1% during the 4th quarter. Quarry LP now owns 8,840 shares of the industrial products company’s stock worth $49,000 after buying an additional 4,165 shares during the period. State of Wyoming purchased a new stake in Hudson Technologies during the 4th quarter worth approximately $53,000. RPO LLC purchased a new stake in Hudson Technologies during the 4th quarter worth approximately $62,000. Finally, ProShare Advisors LLC purchased a new stake in Hudson Technologies during the 4th quarter worth approximately $70,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Hudson Technologies Trading Up 1.0%

NASDAQ:HDSN opened at $8.40 on Friday. The firm has a 50-day moving average price of $7.57 and a two-hundred day moving average price of $6.42. Hudson Technologies, Inc. has a twelve month low of $5.11 and a twelve month high of $9.28. The company has a market capitalization of $365.23 million, a P/E ratio of 22.70, a price-to-earnings-growth ratio of 0.76 and a beta of 0.94.

Hudson Technologies (NASDAQ:HDSN) last posted its earnings results on Wednesday, May 7th. The industrial products company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.05. Hudson Technologies had a net margin of 7.74% and a return on equity of 7.07%. The firm had revenue of $55.34 million during the quarter, compared to the consensus estimate of $52.23 million. On average, equities research analysts predict that Hudson Technologies, Inc. will post 0.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

HDSN has been the topic of a number of recent analyst reports. B. Riley raised shares of Hudson Technologies from a “neutral” rating to a “buy” rating and increased their price objective for the company from $7.50 to $9.00 in a research report on Monday, June 16th. Canaccord Genuity Group increased 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. Finally, Craig Hallum raised shares of Hudson Technologies from a “hold” rating to a “buy” rating and set a $8.00 price objective on the stock in a research report on Thursday, May 8th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $7.69.

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.