Foundry Partners LLC Cuts Stock Position in Hudson Technologies, Inc. (NASDAQ:HDSN)

Foundry Partners LLC lowered its stake in shares of Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) by 41.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 548,330 shares of the industrial products company's stock after selling 393,593 shares during the quarter. Foundry Partners LLC owned approximately 1.20% of Hudson Technologies worth $4,573,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Hudson Technologies by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 2,280,462 shares of the industrial products company's stock valued at $25,108,000 after buying an additional 37,158 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Hudson Technologies by 22.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,019,067 shares of the industrial products company's stock valued at $17,747,000 after purchasing an additional 364,117 shares during the last quarter. New South Capital Management Inc. lifted its holdings in Hudson Technologies by 2.1% during the third quarter. New South Capital Management Inc. now owns 1,343,172 shares of the industrial products company's stock valued at $11,202,000 after purchasing an additional 27,576 shares during the last quarter. Sixth Street Partners Management Company L.P. boosted its position in Hudson Technologies by 30.0% during the second quarter. Sixth Street Partners Management Company L.P. now owns 1,300,000 shares of the industrial products company's stock worth $11,427,000 after purchasing an additional 300,000 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of Hudson Technologies by 11.1% in the second quarter. American Century Companies Inc. now owns 649,711 shares of the industrial products company's stock worth $5,711,000 after purchasing an additional 65,174 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Hudson Technologies Stock Performance

HDSN stock traded down $0.02 on Friday, reaching $6.01. The company's stock had a trading volume of 574,715 shares, compared to its average volume of 504,867. The firm has a market cap of $271.65 million, a PE ratio of 9.22, a PEG ratio of 0.33 and a beta of 1.22. The business has a fifty day simple moving average of $7.45 and a two-hundred day simple moving average of $8.25. Hudson Technologies, Inc. has a 12-month low of $5.35 and a 12-month high of $15.24.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last announced its earnings results on Monday, November 4th. The industrial products company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.01. Hudson Technologies had a net margin of 12.49% and a return on equity of 12.74%. The firm had revenue of $61.94 million for the quarter, compared to analyst estimates of $64.92 million. During the same quarter in the previous year, the firm posted $0.34 EPS. As a group, research analysts anticipate that Hudson Technologies, Inc. will post 0.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

HDSN has been the topic of a number of analyst reports. Roth Capital lowered shares of Hudson Technologies from a "strong-buy" rating to a "hold" rating in a report on Tuesday, November 5th. Craig Hallum downgraded Hudson Technologies from a "buy" rating to a "hold" rating and dropped their target price for the stock from $10.00 to $7.00 in a research report on Tuesday, November 5th. Roth Mkm cut Hudson Technologies from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $12.00 to $7.00 in a research note on Tuesday, November 5th. B. Riley reaffirmed a "neutral" rating and issued a $7.25 target price (down from $8.50) on shares of Hudson Technologies in a research note on Tuesday, November 5th. Finally, Canaccord Genuity Group dropped their price target on shares of Hudson Technologies from $8.75 to $8.00 and set a "hold" rating for the company in a research report on Tuesday, November 5th. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $7.85.

Hudson Technologies Company Profile

Hudson Technologies, Inc, through its subsidiary, Hudson Technologies Company, engages in the provision of solutions to recurring problems within the refrigeration industry in the United States. The company engages in the sale of refrigerant and industrial gas; provision of refrigerant management services consisting primarily of reclamation of refrigerants, re-usable cylinder refurbishment, and hydrostatic testing services; and RefrigerantSide services comprising system decontamination and recovery to remove moisture, oils, and other contaminants.