Renaissance Technologies LLC Has $8.85 Million Stock Holdings in Hudson Technologies, Inc. $HDSN

Renaissance Technologies LLC decreased its stake in Hudson Technologies, Inc. (NASDAQ:HDSN) by 11.4% in the 1st quarter, Holdings Channel.com reports. The fund owned 1,504,250 shares of the industrial products company’s stock after selling 193,000 shares during the quarter. Renaissance Technologies LLC’s holdings in Hudson Technologies were worth $8,845,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. State of Alaska Department of Revenue bought a new position in Hudson Technologies in the fourth quarter valued at approximately $28,000. Quarry LP boosted its holdings in shares of Hudson Technologies by 51.9% in the 3rd quarter. Quarry LP now owns 5,281 shares of the industrial products company’s stock valued at $52,000 after buying an additional 1,805 shares during the last quarter. Kemnay Advisory Services Inc. bought a new position in shares of Hudson Technologies in the fourth quarter valued at $62,000. Tower Research Capital LLC TRC grew its stake in shares of 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 valued at $71,000 after buying an additional 5,576 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in Hudson Technologies by 88.3% during the third quarter. BNP Paribas Financial Markets now owns 7,530 shares of the industrial products company’s stock worth $75,000 after buying an additional 3,532 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Hudson Technologies Stock Performance

Shares of NASDAQ HDSN opened at $6.04 on Monday. Hudson Technologies, Inc. has a 12 month low of $4.64 and a 12 month high of $10.52. The stock has a 50 day moving average of $5.81 and a 200-day moving average of $6.21. The company has a market capitalization of $254.10 million, a P/E ratio of 19.48 and a beta of 0.78.

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

Insiders Place Their Bets

In other news, Director Jeffrey R. Feeler purchased 5,100 shares of Hudson Technologies stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average price of $4.92 per share, for a total transaction of $25,092.00. Following the transaction, the director owned 9,165 shares of the company’s stock, valued at approximately $45,091.80. The trade was a 125.46% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Alan Sheriff acquired 5,200 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average cost of $4.88 per share, for a total transaction of $25,376.00. Following the completion of the purchase, the director directly owned 9,265 shares of the company’s stock, valued at $45,213.20. The trade was a 127.92% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 919,940 shares of company stock valued at $5,374,186 over the last ninety days. 1.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on HDSN shares. Weiss Ratings upgraded shares of Hudson Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. Canaccord Genuity Group lowered their price objective on shares of Hudson Technologies from $9.50 to $9.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Finally, Wall Street Zen cut shares of Hudson Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $8.88.

Hudson Technologies 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.