Rhumbline Advisers Sells 2,257 Shares of Hudson Technologies, Inc. $HDSN

Rhumbline Advisers cut its holdings in Hudson Technologies, Inc. (NASDAQ:HDSN) by 3.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 67,284 shares of the industrial products company’s stock after selling 2,257 shares during the period. Rhumbline Advisers owned about 0.15% of Hudson Technologies worth $415,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in HDSN. GAMMA Investing LLC increased its holdings in shares of Hudson Technologies by 111.8% in 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 last quarter. State of Wyoming bought a new stake in shares of Hudson Technologies in the 4th quarter worth about $53,000. ProShare Advisors LLC bought a new stake in shares of Hudson Technologies in the 4th quarter worth about $70,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Hudson Technologies in the 1st quarter worth about $79,000. Finally, CWM LLC increased its holdings in shares of Hudson Technologies by 186.9% in the 1st quarter. CWM LLC now owns 14,102 shares of the industrial products company’s stock worth $87,000 after buying an additional 9,187 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Hudson Technologies Price Performance

Shares of HDSN stock opened at $9.91 on Thursday. The company’s 50-day simple moving average is $9.62 and its two-hundred day simple moving average is $7.82. Hudson Technologies, Inc. has a one year low of $5.11 and a one year high of $10.52. The company has a market capitalization of $432.77 million, a P/E ratio of 24.78 and a beta of 0.97.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on HDSN shares. Canaccord Genuity Group upgraded shares of Hudson Technologies from a “hold” rating to a “buy” rating and upped their price target for the company from $6.75 to $10.50 in a report on Thursday, July 31st. B. Riley upgraded shares of Hudson Technologies from a “neutral” rating to a “buy” rating and upped their price target for the company from $7.50 to $9.00 in a report on Monday, June 16th. Finally, Wall Street Zen upgraded shares of Hudson Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, September 8th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Hudson Technologies presently has an average rating of “Moderate Buy” and an average target price of $8.63.

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.