Lazard Asset Management LLC Sells 105,854 Shares of Hudson Technologies, Inc. $HDSN

Lazard Asset Management LLC decreased its holdings in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) by 24.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 325,915 shares of the industrial products company’s stock after selling 105,854 shares during the quarter. Lazard Asset Management LLC owned approximately 0.77% of Hudson Technologies worth $1,916,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Westerly Capital Management LLC boosted its holdings in Hudson Technologies by 63.3% in the second quarter. Westerly Capital Management LLC now owns 2,000,000 shares of the industrial products company’s stock worth $16,240,000 after purchasing an additional 775,000 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Hudson Technologies by 270.4% during the 4th quarter. Marshall Wace LLP now owns 465,130 shares of the industrial products company’s stock worth $3,186,000 after acquiring an additional 339,543 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Hudson Technologies by 53,751.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 269,256 shares of the industrial products company’s stock worth $1,844,000 after acquiring an additional 268,756 shares in the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of Hudson Technologies during the 3rd quarter valued at about $2,058,000. Finally, Segall Bryant & Hamill LLC acquired a new position in shares of Hudson Technologies during the 4th quarter valued at about $1,235,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analysts Set New Price Targets

HDSN has been the subject of several analyst reports. Canaccord Genuity Group reduced their target price on Hudson Technologies from $9.50 to $9.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Weiss Ratings raised shares of Hudson Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 23rd. Finally, Wall Street Zen cut shares of Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Hudson Technologies has an average rating of “Hold” and an average target price of $8.88.

Insider Buying and Selling

In related news, major shareholder Hartree Partners, Lp bought 288,111 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was purchased at an average cost of $5.88 per share, for a total transaction of $1,694,092.68. Following the purchase, the insider directly owned 4,700,000 shares in the company, valued at $27,636,000. This trade represents a 6.53% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey R. Feeler acquired 5,100 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were bought at an average price of $4.92 per share, for a total transaction of $25,092.00. Following the acquisition, the director owned 9,165 shares in the company, valued at approximately $45,091.80. This trade represents a 125.46% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have purchased 919,940 shares of company stock valued at $5,374,186. 1.90% of the stock is owned by company insiders.

Hudson Technologies Stock Up 3.1%

Shares of NASDAQ:HDSN opened at $6.23 on Tuesday. The business has a 50 day moving average price of $5.83 and a 200 day moving average price of $6.21. Hudson Technologies, Inc. has a twelve month low of $4.64 and a twelve month high of $10.52. The company has a market cap of $262.09 million, a price-to-earnings ratio of 20.10 and a beta of 0.78.

Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.04). Hudson Technologies had a return on equity of 6.98% and a net margin of 5.66%.The business had revenue of $60.15 million during the quarter, compared to the consensus estimate of $57.15 million. Analysts anticipate that Hudson Technologies, Inc. will post 0.34 EPS for the current year.

About Hudson Technologies

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.