Marathon Capital Management Has $3.55 Million Holdings in Hudson Technologies, Inc. (NASDAQ:HDSN)

Marathon Capital Management trimmed its stake in shares of Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) by 32.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 404,050 shares of the industrial products company's stock after selling 196,100 shares during the period. Hudson Technologies comprises about 0.9% of Marathon Capital Management's portfolio, making the stock its 29th largest position. Marathon Capital Management owned about 0.89% of Hudson Technologies worth $3,552,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in HDSN. Swiss National Bank acquired a new stake in shares of Hudson Technologies during the fourth quarter worth $1,087,000. Dimensional Fund Advisors LP increased its stake in Hudson Technologies by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,574,769 shares of the industrial products company's stock valued at $21,243,000 after buying an additional 30,217 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Hudson Technologies by 17.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 61,104 shares of the industrial products company's stock valued at $824,000 after buying an additional 9,297 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in Hudson Technologies in the 4th quarter valued at $1,387,000. Finally, RK Capital Management LLC increased its stake in Hudson Technologies by 3.8% in the 4th quarter. RK Capital Management LLC now owns 498,300 shares of the industrial products company's stock valued at $6,722,000 after buying an additional 18,400 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. B. Riley lowered their price target on shares of Hudson Technologies from $13.00 to $10.00 and set a "buy" rating on the stock in a research note on Wednesday, August 7th. Craig Hallum dropped their target price on shares of Hudson Technologies from $13.00 to $10.00 and set a "buy" rating on the stock in a report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $10.60.

Hudson Technologies Trading Up 1.5 %

Shares of NASDAQ:HDSN traded up $0.12 on Friday, reaching $8.38. 82,393 shares of the company's stock were exchanged, compared to its average volume of 461,799. The company has a fifty day moving average of $8.18 and a 200-day moving average of $9.25. Hudson Technologies, Inc. has a twelve month low of $6.94 and a twelve month high of $15.24. The company has a market capitalization of $381.38 million, a price-to-earnings ratio of 8.51, a PEG ratio of 0.46 and a beta of 1.21.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last announced its earnings results on Tuesday, August 6th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.05). Hudson Technologies had a return on equity of 16.65% and a net margin of 14.00%. The business had revenue of $75.28 million for the quarter, compared to analyst estimates of $78.63 million. During the same quarter in the previous year, the company earned $0.41 EPS. As a group, equities research analysts forecast that Hudson Technologies, Inc. will post 0.58 EPS for the current fiscal year.

About Hudson Technologies

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.