Royce & Associates LP Decreases Stock Position in Hudson Technologies, Inc. (NASDAQ:HDSN)

Royce & Associates LP lessened its holdings in Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) by 24.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 867,697 shares of the industrial products company's stock after selling 278,770 shares during the quarter. Royce & Associates LP owned 1.91% of Hudson Technologies worth $7,237,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in HDSN. Swedbank AB bought a new position in Hudson Technologies in the 1st quarter valued at approximately $1,652,000. Russell Investments Group Ltd. raised its position in shares of Hudson Technologies by 240,800.0% in the 1st quarter. Russell Investments Group Ltd. now owns 57,816 shares of the industrial products company's stock worth $637,000 after acquiring an additional 57,792 shares in the last quarter. Sixth Street Partners Management Company L.P. boosted its stake 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 acquiring an additional 300,000 shares in the last quarter. Commonwealth Equity Services LLC acquired a new stake in shares of Hudson Technologies in the 2nd quarter valued at about $687,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Hudson Technologies by 22.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,019,067 shares of the industrial products company's stock worth $17,747,000 after acquiring an additional 364,117 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Analyst Upgrades and Downgrades

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

Hudson Technologies Stock Performance

Shares of HDSN stock traded down $0.06 on Monday, hitting $5.89. 420,271 shares of the company's stock traded hands, compared to its average volume of 502,546. The stock has a market capitalization of $266.23 million, a price-to-earnings ratio of 9.15, a P/E/G ratio of 0.34 and a beta of 1.22. The company's fifty day simple moving average is $7.60 and its 200 day simple moving average is $8.33. Hudson Technologies, Inc. has a one year low of $5.35 and a one year high of $15.24.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.17 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $64.92 million. During the same period in the prior year, the firm posted $0.34 earnings per share. As a group, sell-side analysts anticipate that Hudson Technologies, Inc. will post 0.57 earnings per share 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.