Portolan Capital Management LLC Sells 107,056 Shares of Hudson Technologies, Inc. (NASDAQ:HDSN)

Portolan Capital Management LLC cut its stake in Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) by 24.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 335,840 shares of the industrial products company's stock after selling 107,056 shares during the quarter. Portolan Capital Management LLC owned 0.74% of Hudson Technologies worth $2,801,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sixth Street Partners Management Company L.P. lifted its holdings in Hudson Technologies by 30.0% in the second quarter. Sixth Street Partners Management Company L.P. now owns 1,300,000 shares of the industrial products company's stock valued at $11,427,000 after acquiring an additional 300,000 shares during the period. Commonwealth Equity Services LLC purchased a new position in shares of Hudson Technologies in the second quarter worth approximately $687,000. Dimensional Fund Advisors LP grew its position 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 buying an additional 364,117 shares during the period. Foundry Partners LLC grew its position in Hudson Technologies by 39.3% during the second quarter. Foundry Partners LLC now owns 941,923 shares of the industrial products company's stock valued at $8,280,000 after buying an additional 265,825 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Hudson Technologies by 1.7% during the first 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. Institutional investors own 71.34% of the company's stock.

Hudson Technologies Trading Down 2.2 %

HDSN traded down $0.13 on Thursday, hitting $5.91. 431,898 shares of the company's stock traded hands, compared to its average volume of 509,752. The company's 50 day simple moving average is $7.00 and its 200-day simple moving average is $8.02. Hudson Technologies, Inc. has a one year low of $5.35 and a one year high of $15.24. The firm has a market cap of $267.13 million, a price-to-earnings ratio of 9.09, a P/E/G ratio of 0.35 and a beta of 1.13.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last released its earnings results on Monday, November 4th. The industrial products company reported $0.17 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $64.92 million. During the same quarter in the previous year, the firm earned $0.34 earnings per share. As a group, equities analysts anticipate that Hudson Technologies, Inc. will post 0.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Roth Mkm cut shares of Hudson Technologies from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $12.00 to $7.00 in a research note on Tuesday, November 5th. Canaccord Genuity Group reduced their price target on Hudson Technologies from $8.75 to $8.00 and set a "hold" rating for the company in a research report on Tuesday, November 5th. B. Riley reaffirmed a "neutral" rating and issued a $7.25 price objective (down previously from $8.50) on shares of Hudson Technologies in a research note on Tuesday, November 5th. Craig Hallum lowered shares of Hudson Technologies from a "buy" rating to a "hold" rating and reduced their target price for the stock from $10.00 to $7.00 in a report on Tuesday, November 5th. Finally, Roth Capital cut shares of Hudson Technologies from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, November 5th. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $7.85.

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.