Paloma Partners Management Co bought a new stake in Hudson Technologies, Inc. (NASDAQ:HDSN) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 180,399 shares of the industrial products company’s stock, valued at approximately $363,000.
Other hedge funds also recently bought and sold shares of the company. Thompson Investment Management Inc. bought a new stake in Hudson Technologies in the second quarter valued at $131,000. Millennium Management LLC bought a new stake in Hudson Technologies in the first quarter valued at $149,000. LMR Partners LLP bought a new stake in Hudson Technologies in the second quarter valued at $211,000. Alps Advisors Inc. bought a new stake in Hudson Technologies in the second quarter valued at $290,000. Finally, Kaizen Advisory LLC lifted its stake in Hudson Technologies by 303.7% in the second quarter. Kaizen Advisory LLC now owns 185,330 shares of the industrial products company’s stock valued at $373,000 after buying an additional 139,426 shares during the last quarter. Institutional investors own 77.03% of the company’s stock.
A number of research firms have issued reports on HDSN. ValuEngine upgraded Hudson Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd. William Blair cut Hudson Technologies from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 19th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $6.50.
HDSN stock opened at $1.30 on Thursday. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.09 and a quick ratio of 0.41. Hudson Technologies, Inc. has a 1 year low of $1.22 and a 1 year high of $8.25.
Hudson Technologies (NASDAQ:HDSN) last posted its earnings results on Wednesday, August 8th. The industrial products company reported ($0.67) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.72). The company had revenue of $58.08 million during the quarter, compared to the consensus estimate of $66.03 million. Hudson Technologies had a negative net margin of 23.19% and a negative return on equity of 0.96%. research analysts predict that Hudson Technologies, Inc. will post -0.05 earnings per share for the current year.
Hudson Technologies Company Profile
Hudson Technologies Inc operates as a refrigerant services company in the United States and internationally. It sells reclaimed and virgin refrigerants, and industrial gases; provides refrigerant management services, such as reclamation of refrigerants and laboratory testing, as well as re-usable cylinder refurbishment and hydrostatic testing.
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