GAMMA Investing LLC Increases Holdings in Hudson Technologies, Inc. $HDSN

GAMMA Investing LLC grew its holdings in Hudson Technologies, Inc. (NASDAQ:HDSN) by 30.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,487 shares of the industrial products company’s stock after acquiring an additional 1,517 shares during the period. GAMMA Investing LLC’s holdings in Hudson Technologies were worth $53,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC purchased a new position in Hudson Technologies in the 1st quarter worth approximately $79,000. CWM LLC lifted its holdings in 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 purchasing an additional 9,187 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Hudson Technologies in the first quarter worth $97,000. EP Wealth Advisors LLC lifted its holdings in shares of Hudson Technologies by 29.7% in the first quarter. EP Wealth Advisors LLC now owns 16,519 shares of the industrial products company’s stock worth $102,000 after buying an additional 3,785 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of Hudson Technologies by 24.2% in the first quarter. Sequoia Financial Advisors LLC now owns 16,525 shares of the industrial products company’s stock worth $102,000 after buying an additional 3,225 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Hudson Technologies Stock Down 0.5%

Shares of HDSN stock opened at $9.45 on Friday. Hudson Technologies, Inc. has a 52-week low of $5.11 and a 52-week high of $10.52. The company’s 50 day moving average is $9.82 and its 200 day moving average is $8.01. The firm has a market cap of $412.68 million, a price-to-earnings ratio of 23.63 and a beta of 0.96.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, beating 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 business had revenue of $72.85 million for the quarter, compared to the consensus estimate of $71.67 million. Analysts anticipate that Hudson Technologies, Inc. will post 0.55 EPS for the current fiscal year.

Analyst Ratings Changes

HDSN has been the topic of several research analyst reports. Canaccord Genuity Group upgraded shares of Hudson Technologies from a “hold” rating to a “buy” rating and boosted their price target for the stock from $6.75 to $10.50 in a research note on Thursday, July 31st. Wall Street Zen upgraded shares of Hudson Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, September 8th. B. Riley upgraded Hudson Technologies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $7.50 to $9.00 in a research report on Monday, June 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hudson Technologies in a research report on Saturday, September 27th. Finally, Zacks Research downgraded Hudson Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Hudson Technologies presently has a consensus rating of “Hold” and an average price target of $8.63.

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.