Granahan Investment Management Inc. MA acquired a new position in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 51,985 shares of the industrial products company’s stock, valued at approximately $406,000. Granahan Investment Management Inc. MA owned 0.12% of Hudson Technologies at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Boothbay Fund Management LLC acquired a new stake in Hudson Technologies during the 3rd quarter worth $144,000. Allianz Asset Management GmbH raised its stake in shares of Hudson Technologies by 3.0% in the 3rd quarter. Allianz Asset Management GmbH now owns 421,177 shares of the industrial products company’s stock valued at $3,289,000 after purchasing an additional 12,415 shares during the period. OxFORD Asset Management LLP acquired a new stake in shares of Hudson Technologies in the 3rd quarter valued at about $3,866,000. Elk Creek Partners LLC raised its stake in shares of Hudson Technologies by 21.7% in the 3rd quarter. Elk Creek Partners LLC now owns 827,293 shares of the industrial products company’s stock valued at $6,461,000 after purchasing an additional 147,439 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Hudson Technologies by 19.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,051,235 shares of the industrial products company’s stock valued at $16,020,000 after purchasing an additional 340,455 shares during the period. 76.08% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have issued reports on the company. ValuEngine raised Hudson Technologies from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. B. Riley downgraded Hudson Technologies to a “neutral” rating and set a $10.00 price target on the stock. in a research note on Wednesday, August 16th. Roth Capital set a $11.00 price target on Hudson Technologies and gave the company a “buy” rating in a research note on Thursday, October 5th. Finally, Zacks Investment Research downgraded Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Hudson Technologies has an average rating of “Hold” and an average price target of $9.25.

Shares of Hudson Technologies, Inc. (NASDAQ HDSN) opened at $5.91 on Thursday. Hudson Technologies, Inc. has a 12 month low of $5.40 and a 12 month high of $10.40. The stock has a market capitalization of $235.42, a PE ratio of 16.00, a price-to-earnings-growth ratio of 0.76 and a beta of 1.06.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. Hudson Technologies had a return on equity of 12.58% and a net margin of 11.69%. The firm had revenue of $24.70 million for the quarter, compared to the consensus estimate of $25.00 million. During the same quarter last year, the business posted $0.14 EPS. The company’s revenue for the quarter was down 29.2% on a year-over-year basis. equities research analysts anticipate that Hudson Technologies, Inc. will post 0.3 earnings per share for the current year.

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Hudson Technologies Company Profile

Hudson Technologies, Inc is a refrigerant services company. The Company’s products and services are primarily used in commercial air conditioning, industrial processing and refrigeration systems, and include refrigerant and industrial gas sales, refrigerant management services consisting primarily of reclamation of refrigerants and RefrigerantSide Services performed at a customer’s site, consisting of system decontamination to remove moisture, oils and other contaminants.

Institutional Ownership by Quarter for Hudson Technologies (NASDAQ:HDSN)

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