Essex Investment Management Co. LLC lowered its position in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) by 63.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 112,683 shares of the industrial products company’s stock after selling 191,888 shares during the period. Essex Investment Management Co. LLC’s holdings in Hudson Technologies were worth $684,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Gotham Asset Management LLC lifted its stake in Hudson Technologies by 25.0% in the second quarter. Gotham Asset Management LLC now owns 14,956 shares of the industrial products company’s stock valued at $126,000 after buying an additional 2,994 shares in the last quarter. Voya Investment Management LLC bought a new position in Hudson Technologies in the second quarter valued at approximately $131,000. Ameriprise Financial Inc. lifted its stake in Hudson Technologies by 13.2% in the second quarter. Ameriprise Financial Inc. now owns 17,325 shares of the industrial products company’s stock valued at $146,000 after buying an additional 2,025 shares in the last quarter. Boothbay Fund Management LLC bought a new position in Hudson Technologies in the third quarter valued at approximately $144,000. Finally, Nationwide Fund Advisors bought a new position in Hudson Technologies in the second quarter valued at approximately $234,000. Hedge funds and other institutional investors own 80.16% of the company’s stock.

Hudson Technologies, Inc. (NASDAQ HDSN) opened at $5.93 on Thursday. Hudson Technologies, Inc. has a one year low of $5.40 and a one year high of $10.40. The firm has a market cap of $247.61, a P/E ratio of 16.83, a price-to-earnings-growth ratio of 0.57 and a beta of 1.05.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.05 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.02. The business had revenue of $24.70 million for the quarter, compared to analyst estimates of $25.00 million. Hudson Technologies had a net margin of 11.69% and a return on equity of 12.58%. The firm’s revenue for the quarter was down 29.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 earnings per share. equities analysts predict that Hudson Technologies, Inc. will post 0.3 earnings per share for the current fiscal year.

A number of brokerages have weighed in on HDSN. BidaskClub lowered shares of Hudson Technologies from a “sell” rating to a “strong sell” rating in a research note on Saturday, February 3rd. Zacks Investment Research raised shares of Hudson Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. ValuEngine lowered shares of Hudson Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, B. Riley reaffirmed a “hold” rating and issued a $7.50 price target on shares of Hudson Technologies in a research note on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $9.25.

In other Hudson Technologies news, Director Richard Parrillo acquired 10,000 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were acquired at an average price of $5.80 per share, with a total value of $58,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 18.00% of the company’s stock.

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Hudson Technologies Company Profile

Hudson Technologies, Inc is a refrigerant services company. The Company’s products and services are primarily used in commercial air conditioning, industrial processing and refrigeration systems, and include refrigerant and industrial gas sales, refrigerant management services consisting primarily of reclamation of refrigerants and RefrigerantSide Services performed at a customer’s site, consisting of system decontamination to remove moisture, oils and other contaminants.

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

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