KBC Group NV Makes New $843,000 Investment in Hudson Technologies, Inc. $HDSN

KBC Group NV acquired a new position in Hudson Technologies, Inc. (NASDAQ:HDSN) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 123,001 shares of the industrial products company’s stock, valued at approximately $843,000.

Other institutional investors have also added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new position in Hudson Technologies in the fourth quarter worth $28,000. Nkcfo LLC bought a new position in Hudson Technologies in the third quarter worth $47,000. Quarry LP raised its holdings in Hudson Technologies by 51.9% in the third quarter. Quarry LP now owns 5,281 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 1,805 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Hudson Technologies by 88.3% in the third quarter. BNP Paribas Financial Markets now owns 7,530 shares of the industrial products company’s stock worth $75,000 after purchasing an additional 3,532 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in Hudson Technologies by 177.6% in the second quarter. Tower Research Capital LLC TRC now owns 8,715 shares of the industrial products company’s stock worth $71,000 after purchasing an additional 5,576 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Canaccord Genuity Group decreased their price objective on Hudson Technologies from $10.00 to $9.50 and set a “buy” rating for the company in a report on Friday, March 6th. Wall Street Zen downgraded Hudson Technologies from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. B. Riley Financial decreased their price objective on Hudson Technologies from $10.50 to $9.50 and set a “buy” rating for the company in a report on Thursday, March 5th. Weiss Ratings downgraded Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, March 2nd. Finally, Roth Mkm decreased their price objective on Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Friday, March 6th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $9.00.

Hudson Technologies Trading Up 0.8%

Hudson Technologies stock opened at $6.39 on Tuesday. The firm has a market cap of $271.38 million, a price-to-earnings ratio of 17.75 and a beta of 0.99. The stock has a fifty day simple moving average of $6.44 and a two-hundred day simple moving average of $7.21. Hudson Technologies, Inc. has a 12 month low of $5.14 and a 12 month high of $10.52.

Hudson Technologies (NASDAQ:HDSN) last posted its earnings results on Wednesday, March 4th. The industrial products company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.04). The business had revenue of $44.41 million during the quarter, compared to the consensus estimate of $38.12 million. Hudson Technologies had a return on equity of 7.88% and a net margin of 6.76%. On average, equities research analysts forecast that Hudson Technologies, Inc. will post 0.41 EPS for the current fiscal year.

About Hudson Technologies

Hudson Technologies, Inc is a U.S.-based provider of refrigerant management and sustainability solutions, specializing in the recovery, reclamation and recycling of refrigerant gases. The company’s core business centers on collecting used refrigerants—such as CFCs, HCFCs and HFCs—from industrial, commercial and institutional customers, processing them in certified reclamation facilities and returning material that meets industry purity standards.

Headquartered in Purchase, New York, Hudson Technologies operates a network of reclamation centers across the continental United States.