Allspring Global Investments Holdings LLC Has $635,000 Stock Holdings in Hudson Technologies, Inc. (NASDAQ:HDSN)

Allspring Global Investments Holdings LLC reduced its position in Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) by 68.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 76,122 shares of the industrial products company's stock after selling 167,307 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.17% of Hudson Technologies worth $635,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Principal Financial Group Inc. bought a new position in Hudson Technologies during the first quarter worth about $287,000. Sequoia Financial Advisors LLC bought a new stake in Hudson Technologies in the first quarter valued at $126,000. BNP Paribas Financial Markets raised its stake in Hudson Technologies by 37.3% during the first quarter. BNP Paribas Financial Markets now owns 21,704 shares of the industrial products company's stock worth $239,000 after acquiring an additional 5,894 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Hudson Technologies by 22.5% during the first quarter. Janney Montgomery Scott LLC now owns 74,836 shares of the industrial products company's stock valued at $824,000 after acquiring an additional 13,732 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in shares of Hudson Technologies in the 1st quarter valued at $819,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Hudson Technologies Price Performance

Shares of HDSN stock traded down $0.25 during trading hours on Friday, reaching $7.42. The company had a trading volume of 510,906 shares, compared to its average volume of 455,475. Hudson Technologies, Inc. has a 1-year low of $6.94 and a 1-year high of $15.24. The firm has a market cap of $337.76 million, a price-to-earnings ratio of 9.64, a P/E/G ratio of 0.43 and a beta of 1.20. The company has a 50 day moving average of $8.00 and a 200 day moving average of $8.65.

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Craig Hallum cut their target price on shares of Hudson Technologies from $13.00 to $10.00 and set a "buy" rating for the company in a research note on Wednesday, August 7th. B. Riley downgraded Hudson Technologies from a "buy" rating to a "neutral" rating and cut their price objective for the company from $10.00 to $8.50 in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $10.30.

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.