Segall Bryant & Hamill LLC Boosts Stake in Hudson Technologies, Inc. $HDSN

Segall Bryant & Hamill LLC increased its holdings in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) by 248.4% during the first quarter, HoldingsChannel reports. The fund owned 628,341 shares of the industrial products company’s stock after buying an additional 447,987 shares during the period. Segall Bryant & Hamill LLC’s holdings in Hudson Technologies were worth $3,695,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of HDSN. Quarry LP lifted 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 valued at $52,000 after acquiring an additional 1,805 shares during the period. First Trust Advisors LP grew its stake in shares of Hudson Technologies by 2.2% during the 1st quarter. First Trust Advisors LP now owns 145,083 shares of the industrial products company’s stock worth $853,000 after purchasing an additional 3,105 shares during the period. Graham Capital Management L.P. grew its stake in shares of Hudson Technologies by 9.7% during the 4th quarter. Graham Capital Management L.P. now owns 36,985 shares of the industrial products company’s stock worth $253,000 after purchasing an additional 3,256 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Hudson Technologies by 88.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,530 shares of the industrial products company’s stock valued at $75,000 after purchasing an additional 3,532 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC increased its holdings in shares of Hudson Technologies by 7.2% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 52,762 shares of the industrial products company’s stock valued at $361,000 after purchasing an additional 3,544 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Hudson Technologies Stock Performance

Hudson Technologies stock opened at $6.23 on Tuesday. Hudson Technologies, Inc. has a fifty-two week low of $4.64 and a fifty-two week high of $10.52. The firm has a market capitalization of $262.09 million, a price-to-earnings ratio of 20.10 and a beta of 0.78. The stock’s fifty day moving average is $5.83 and its two-hundred day moving average is $6.21.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.04). Hudson Technologies had a return on equity of 6.98% and a net margin of 5.66%.The firm had revenue of $60.15 million for the quarter, compared to analyst estimates of $57.15 million. As a group, sell-side analysts forecast that Hudson Technologies, Inc. will post 0.34 EPS for the current fiscal year.

Insider Activity at Hudson Technologies

In other Hudson Technologies news, major shareholder Hartree Partners, Lp bought 52,104 shares of the company’s stock in a transaction on Wednesday, July 29th. The stock was purchased at an average cost of $5.99 per share, for a total transaction of $312,102.96. Following the acquisition, the insider owned 5,094,190 shares of the company’s stock, valued at $30,514,198.10. The trade was a 1.03% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Alan Sheriff bought 5,200 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were acquired at an average price of $4.88 per share, with a total value of $25,376.00. Following the transaction, the director owned 9,265 shares of the company’s stock, valued at $45,213.20. The trade was a 127.92% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have acquired 919,940 shares of company stock valued at $5,374,186. Insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HDSN. Weiss Ratings raised shares of Hudson Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 23rd. Wall Street Zen cut shares of Hudson Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Finally, Canaccord Genuity Group dropped their target price on shares of Hudson Technologies from $9.50 to $9.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $8.88.

Hudson Technologies Company Profile

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.