Hudson Technologies, Inc. (HDSN) Shares Sold by Investment Management of Virginia LLC
Investment Management of Virginia LLC lowered its position in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) by 2.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 135,087 shares of the industrial products company’s stock after selling 2,871 shares during the period. Investment Management of Virginia LLC owned 0.33% of Hudson Technologies worth $1,141,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of HDSN. AXA acquired a new stake in shares of Hudson Technologies during the first quarter worth approximately $106,000. SG Americas Securities LLC acquired a new stake in shares of Hudson Technologies during the second quarter worth approximately $107,000. Airain ltd acquired a new stake in shares of Hudson Technologies during the first quarter worth approximately $118,000. BlueCrest Capital Management Ltd acquired a new stake in shares of Hudson Technologies during the first quarter worth approximately $142,000. Finally, Trexquant Investment LP acquired a new stake in shares of Hudson Technologies during the second quarter worth approximately $143,000. 74.39% of the stock is owned by institutional investors.
Hudson Technologies, Inc. (HDSN) opened at 8.56 on Monday. The firm’s 50-day moving average price is $8.60 and its 200 day moving average price is $7.71. Hudson Technologies, Inc. has a one year low of $5.37 and a one year high of $10.40. The company has a market capitalization of $356.41 million, a price-to-earnings ratio of 20.05 and a beta of 1.12.
Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. Hudson Technologies had a net margin of 12.80% and a return on equity of 16.99%. The company had revenue of $52.23 million during the quarter, compared to analyst estimates of $46.34 million. On average, equities research analysts expect that Hudson Technologies, Inc. will post $0.40 earnings per share for the current fiscal year.
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A number of brokerages recently commented on HDSN. B. Riley reaffirmed a “buy” rating and set a $8.50 price target on shares of Hudson Technologies in a research report on Tuesday, May 9th. BidaskClub raised Hudson Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Zacks Investment Research lowered Hudson Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, May 3rd. Finally, Roth Capital set a $11.00 price objective on Hudson Technologies and gave the company a “buy” rating in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Hudson Technologies currently has an average rating of “Hold” and a consensus price target of $9.50.
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.
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