Optimum Investment Advisors Raises Position in Hudson Technologies, Inc. (HDSN)
Optimum Investment Advisors boosted its holdings in Hudson Technologies, Inc. (NASDAQ:HDSN) by 14.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,500 shares of the industrial products company’s stock after buying an additional 2,000 shares during the quarter. Optimum Investment Advisors’ holdings in Hudson Technologies were worth $131,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of HDSN. Gradient Investments LLC acquired a new stake in Hudson Technologies during the 2nd quarter worth approximately $314,000. Systematic Financial Management LP grew its holdings in Hudson Technologies by 42.2% during the 2nd quarter. Systematic Financial Management LP now owns 1,270,735 shares of the industrial products company’s stock worth $10,738,000 after acquiring an additional 376,940 shares during the last quarter. AXA bought a new stake in Hudson Technologies during the 1st quarter worth approximately $106,000. Parthenon LLC bought a new stake in Hudson Technologies during the 2nd quarter worth approximately $237,000. Finally, Paloma Partners Management Co bought a new stake in Hudson Technologies during the 1st quarter worth approximately $194,000. Institutional investors and hedge funds own 75.66% of the company’s stock.
Shares of Hudson Technologies, Inc. (HDSN) traded down 0.38% during midday trading on Wednesday, hitting $7.80. The stock had a trading volume of 122,274 shares. Hudson Technologies, Inc. has a 1-year low of $5.55 and a 1-year high of $10.40. The stock has a market cap of $324.77 million, a price-to-earnings ratio of 18.27 and a beta of 1.11. The firm’s 50-day moving average price is $8.66 and its 200-day moving average price is $8.03.
Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.06. Hudson Technologies had a net margin of 12.80% and a return on equity of 16.99%. The company had revenue of $52.23 million during the quarter, compared to analysts’ expectations of $46.34 million. Analysts forecast that Hudson Technologies, Inc. will post $0.40 earnings per share for the current year.
Several equities analysts have issued reports on HDSN shares. B. Riley cut shares of Hudson Technologies from a “buy” rating to a “neutral” rating and upped their price target for the company from $8.50 to $10.00 in a research report on Wednesday, August 9th. ValuEngine downgraded shares of Hudson Technologies from a “buy” rating to a “hold” rating in a research note on Monday. Zacks Investment Research upgraded shares of Hudson Technologies from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Roth Capital set a $10.00 price target on shares of Hudson Technologies and gave the stock a “buy” rating in a report on Saturday, June 17th. Finally, BidaskClub cut shares of Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Hudson Technologies currently has an average rating of “Hold” and an average price target of $9.50.
Hudson Technologies 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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