Y Intercept Hong Kong Ltd Purchases New Shares in Hudson Technologies, Inc. $HDSN

Y Intercept Hong Kong Ltd purchased a new stake in Hudson Technologies, Inc. (NASDAQ:HDSN) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 135,222 shares of the industrial products company’s stock, valued at approximately $1,098,000. Y Intercept Hong Kong Ltd owned approximately 0.31% of Hudson Technologies as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in HDSN. GAMMA Investing LLC boosted its holdings in Hudson Technologies by 111.8% in the first quarter. GAMMA Investing LLC now owns 4,970 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 2,624 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Hudson Technologies during the 1st quarter valued at $79,000. CWM LLC boosted its holdings in Hudson Technologies by 186.9% in the first quarter. CWM LLC now owns 14,102 shares of the industrial products company’s stock worth $87,000 after acquiring an additional 9,187 shares in the last quarter. Isthmus Partners LLC bought a new position in Hudson Technologies in the 1st quarter worth about $187,000. Finally, Victory Capital Management Inc. boosted its stake in Hudson Technologies by 41.0% in the 1st quarter. Victory Capital Management Inc. now owns 102,308 shares of the industrial products company’s stock worth $631,000 after purchasing an additional 29,756 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Hudson Technologies Price Performance

Shares of HDSN opened at $9.06 on Tuesday. Hudson Technologies, Inc. has a 1 year low of $5.11 and a 1 year high of $10.52. The company has a 50 day simple moving average of $9.66 and a two-hundred day simple moving average of $8.53. The firm has a market cap of $395.63 million, a P/E ratio of 22.65 and a beta of 0.96.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Zacks Research cut shares of Hudson Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Canaccord Genuity Group upgraded shares of Hudson Technologies from a “hold” rating to a “buy” rating and increased their price objective for the stock from $6.75 to $10.50 in a research note on Thursday, July 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Hudson Technologies in a report on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of Hudson Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 25th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $8.63.

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.