GRT Capital Partners L.L.C. cut its position in Hudson Technologies, Inc. (NASDAQ:HDSN) by 28.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 115,044 shares of the industrial products company’s stock after selling 44,756 shares during the quarter. GRT Capital Partners L.L.C. owned 0.28% of Hudson Technologies worth $972,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. TIAA CREF Investment Management LLC bought a new position in Hudson Technologies in the second quarter valued at about $832,000. Teachers Advisors LLC bought a new position in Hudson Technologies in the second quarter valued at about $551,000. Thompson Davis & CO. Inc. raised its position in Hudson Technologies by 119.6% in the second quarter. Thompson Davis & CO. Inc. now owns 29,644 shares of the industrial products company’s stock valued at $250,000 after purchasing an additional 16,144 shares during the last quarter. Systematic Financial Management LP raised its position in Hudson Technologies by 42.2% in the second quarter. Systematic Financial Management LP now owns 1,270,735 shares of the industrial products company’s stock valued at $10,738,000 after purchasing an additional 376,940 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in Hudson Technologies by 36.6% in the second quarter. Wells Fargo & Company MN now owns 247,703 shares of the industrial products company’s stock valued at $2,093,000 after purchasing an additional 66,337 shares during the last quarter. Hedge funds and other institutional investors own 78.15% of the company’s stock.

Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) traded up 0.78% during midday trading on Wednesday, reaching $8.99. The company’s stock had a trading volume of 75,509 shares. The company has a market capitalization of $374.32 million, a P/E ratio of 21.05 and a beta of 1.13. Hudson Technologies, Inc. has a 12-month low of $5.55 and a 12-month high of $10.40. The company’s 50-day moving average price is $8.55 and its 200 day moving average price is $7.86.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings results on Wednesday, August 9th. The industrial products company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. The business had revenue of $52.23 million during the quarter, compared to analyst estimates of $46.34 million. Hudson Technologies had a return on equity of 16.99% and a net margin of 12.80%. On average, equities research analysts forecast that Hudson Technologies, Inc. will post $0.40 earnings per share for the current year.

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A number of equities analysts have recently issued reports on HDSN shares. B. Riley downgraded Hudson Technologies from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $8.50 to $10.00 in a research report on Wednesday, August 9th. ValuEngine upgraded Hudson Technologies from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded Hudson Technologies from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Roth Capital set a $10.00 price objective on Hudson Technologies and gave the stock a “buy” rating in a research report on Saturday, June 17th. Finally, BidaskClub downgraded Hudson Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $9.50.

About Hudson Technologies

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

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