Alps Advisors Inc. bought a new position in Hudson Technologies, Inc. (NASDAQ:HDSN) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 47,744 shares of the industrial products company’s stock, valued at approximately $290,000. Alps Advisors Inc. owned approximately 0.11% of Hudson Technologies as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Schwab Charles Investment Management Inc. increased its holdings in Hudson Technologies by 32.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 78,900 shares of the industrial products company’s stock worth $390,000 after purchasing an additional 19,200 shares in the last quarter. Millennium Management LLC acquired a new position in Hudson Technologies in the 1st quarter worth about $149,000. Dimensional Fund Advisors LP increased its holdings in Hudson Technologies by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,394,232 shares of the industrial products company’s stock worth $11,828,000 after purchasing an additional 39,208 shares in the last quarter. Thompson Investment Management Inc. acquired a new position in Hudson Technologies in the 2nd quarter worth about $131,000. Finally, RMB Capital Management LLC grew its position in shares of Hudson Technologies by 14.7% in the 1st quarter. RMB Capital Management LLC now owns 679,104 shares of the industrial products company’s stock valued at $3,355,000 after buying an additional 87,240 shares during the last quarter. 77.07% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have commented on HDSN shares. ValuEngine lowered Hudson Technologies from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. William Blair lowered Hudson Technologies from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 19th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $6.50.

NASDAQ HDSN opened at $1.54 on Thursday. Hudson Technologies, Inc. has a 12 month low of $1.50 and a 12 month high of $9.80. The stock has a market capitalization of $75.48 million, a price-to-earnings ratio of 3.38 and a beta of 1.16. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.41 and a current ratio of 2.09.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings results on Wednesday, August 8th. The industrial products company reported ($0.67) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.72). Hudson Technologies had a negative net margin of 23.19% and a negative return on equity of 0.96%. The company had revenue of $58.08 million during the quarter, compared to the consensus estimate of $66.03 million. equities research analysts expect that Hudson Technologies, Inc. will post -0.05 EPS for the current year.

About Hudson Technologies

Hudson Technologies Inc operates as a refrigerant services company in the United States and internationally. It sells reclaimed and virgin refrigerants, and industrial gases; provides refrigerant management services, such as reclamation of refrigerants and laboratory testing, as well as re-usable cylinder refurbishment and hydrostatic testing.

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Institutional Ownership by Quarter for Hudson Technologies (NASDAQ:HDSN)

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