Dimensional Fund Advisors LP Purchases 105,160 Shares of Hudson Technologies, Inc. $HDSN

Dimensional Fund Advisors LP grew its position in Hudson Technologies, Inc. (NASDAQ:HDSN) by 5.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,148,311 shares of the industrial products company’s stock after buying an additional 105,160 shares during the quarter. Dimensional Fund Advisors LP owned 0.05% of Hudson Technologies worth $12,631,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its stake in Hudson Technologies by 53,751.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 269,256 shares of the industrial products company’s stock valued at $1,844,000 after acquiring an additional 268,756 shares during the last quarter. Tudor Investment Corp ET AL bought a new stake in Hudson Technologies during the third quarter worth $2,058,000. KBC Group NV bought a new stake in Hudson Technologies during the fourth quarter worth $843,000. SG Americas Securities LLC boosted its holdings in shares of Hudson Technologies by 65.3% in the 4th quarter. SG Americas Securities LLC now owns 19,132 shares of the industrial products company’s stock valued at $131,000 after purchasing an additional 7,557 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC acquired a new stake in shares of Hudson Technologies in the 4th quarter valued at $81,000. Institutional investors own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HDSN. Canaccord Genuity Group decreased their price target on Hudson Technologies from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday. Wall Street Zen lowered Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings raised Hudson Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $8.62.

Insiders Place Their Bets

In other Hudson Technologies news, Director Alan Sheriff bought 5,200 shares of the stock in a transaction on Wednesday, May 13th. The stock was acquired at an average cost of $4.88 per share, for a total transaction of $25,376.00. Following the completion of the acquisition, the director owned 9,265 shares in the company, valued at $45,213.20. This trade represents a 127.92% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jeffrey R. Feeler purchased 5,100 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was acquired at an average cost of $4.92 per share, for a total transaction of $25,092.00. Following the completion of the purchase, the director owned 9,165 shares of the company’s stock, valued at approximately $45,091.80. This trade represents a 125.46% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders acquired 919,940 shares of company stock worth $5,374,186. Company insiders own 1.90% of the company’s stock.

Hudson Technologies Price Performance

Shares of NASDAQ HDSN opened at $5.59 on Friday. The company has a 50 day simple moving average of $5.88 and a 200 day simple moving average of $6.17. The firm has a market cap of $235.17 million, a PE ratio of 27.95 and a beta of 0.78. Hudson Technologies, Inc. has a 1 year low of $4.64 and a 1 year high of $10.52.

Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.06). Hudson Technologies had a return on equity of 4.93% and a net margin of 3.51%.The business had revenue of $78.35 million during the quarter, compared to the consensus estimate of $74.20 million. As a group, research analysts anticipate that Hudson Technologies, Inc. will post 0.17 earnings per share for the current fiscal year.

Hudson Technologies Company Profile

Hudson Technologies, Inc is a U.S.-based provider of refrigerant management and sustainability solutions, specializing in the recovery, reclamation and recycling of refrigerant gases. The company’s core business centers on collecting used refrigerants—such as CFCs, HCFCs and HFCs—from industrial, commercial and institutional customers, processing them in certified reclamation facilities and returning material that meets industry purity standards.

Headquartered in Purchase, New York, Hudson Technologies operates a network of reclamation centers across the continental United States.