MetLife Investment Management LLC Purchases 4,900 Shares of Hudson Technologies, Inc. $HDSN

MetLife Investment Management LLC lifted its position in Hudson Technologies, Inc. (NASDAQ:HDSN) by 25.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,316 shares of the industrial products company’s stock after buying an additional 4,900 shares during the quarter. MetLife Investment Management LLC owned about 0.06% of Hudson Technologies worth $150,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in HDSN. Price T Rowe Associates Inc. MD grew its stake in shares of Hudson Technologies by 20.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 39,192 shares of the industrial products company’s stock valued at $219,000 after buying an additional 6,673 shares in the last quarter. Voya Investment Management LLC grew its stake in shares of Hudson Technologies by 22.4% in the fourth quarter. Voya Investment Management LLC now owns 37,435 shares of the industrial products company’s stock valued at $209,000 after buying an additional 6,839 shares in the last quarter. Northern Trust Corp grew its stake in shares of Hudson Technologies by 5.6% in the fourth quarter. Northern Trust Corp now owns 378,569 shares of the industrial products company’s stock valued at $2,112,000 after buying an additional 20,142 shares in the last quarter. Comerica Bank grew its stake in shares of Hudson Technologies by 6,954.8% in the fourth quarter. Comerica Bank now owns 102,435 shares of the industrial products company’s stock valued at $572,000 after buying an additional 100,983 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in shares of Hudson Technologies by 7.8% in the fourth quarter. Jane Street Group LLC now owns 86,131 shares of the industrial products company’s stock valued at $481,000 after buying an additional 6,263 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on HDSN shares. B. Riley raised shares of Hudson Technologies from a “neutral” rating to a “buy” rating and raised their target price for the company from $7.50 to $9.00 in a research note on Monday, June 16th. Wall Street Zen raised Hudson Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday. Finally, Canaccord Genuity Group raised Hudson Technologies from a “hold” rating to a “buy” rating and raised their price target for the company from $6.75 to $10.50 in a report on Thursday, July 31st. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $8.63.

Hudson Technologies Stock Performance

HDSN opened at $10.05 on Wednesday. Hudson Technologies, Inc. has a fifty-two week low of $5.11 and a fifty-two week high of $10.45. The company has a market capitalization of $438.88 million, a P/E ratio of 25.13 and a beta of 0.97. The stock has a fifty day moving average of $9.19 and a 200-day moving average of $7.49.

Hudson Technologies (NASDAQ:HDSN) last posted its earnings results on Wednesday, July 30th. The industrial products company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. Hudson Technologies had a return on equity of 7.26% and a net margin of 8.08%.The company had revenue of $72.85 million during the quarter, compared to the consensus estimate of $71.67 million. On average, equities research analysts predict that Hudson Technologies, Inc. will post 0.55 earnings per share for the current fiscal year.

About Hudson Technologies

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.