Emerald Acquisition Ltd. purchased a new position in Hudson Technologies Inc. (NASDAQ:HDSN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 325,556 shares of the company’s stock, valued at approximately $1,172,000. Emerald Acquisition Ltd. owned approximately 0.99% of Hudson Technologies as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Creative Planning boosted its position in shares of Hudson Technologies by 10,305.9% in the second quarter. Creative Planning now owns 88,450 shares of the company’s stock worth $318,000 after buying an additional 87,600 shares during the period. Granahan Investment Management Inc. MA boosted its position in shares of Hudson Technologies by 0.3% in the first quarter. Granahan Investment Management Inc. MA now owns 1,255,024 shares of the company’s stock worth $4,116,000 after buying an additional 3,870 shares during the period. Finally, Royce & Associates LP boosted its position in shares of Hudson Technologies by 6.9% in the first quarter. Royce & Associates LP now owns 1,400,004 shares of the company’s stock worth $4,592,000 after buying an additional 90,000 shares during the period. 57.34% of the stock is currently owned by institutional investors and hedge funds.
Hudson Technologies Inc. (NASDAQ:HDSN) traded down 2.45% during trading on Friday, hitting $6.37. The stock had a trading volume of 209,622 shares. Hudson Technologies Inc. has a 12 month low of $2.64 and a 12 month high of $6.79. The stock has a 50 day moving average price of $6.17 and a 200-day moving average price of $4.37. The stock has a market cap of $214.11 million, a price-to-earnings ratio of 27.70 and a beta of 1.19.
Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The firm earned $34.60 million during the quarter, compared to analyst estimates of $34.24 million. Hudson Technologies had a return on equity of 14.90% and a net margin of 8.54%. On average, equities analysts predict that Hudson Technologies Inc. will post $0.29 EPS for the current year.
A number of brokerages have commented on HDSN. Zacks Investment Research cut Hudson Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday. Roth Capital reissued a “buy” rating and set a $7.50 target price on shares of Hudson Technologies in a research note on Thursday, August 25th. Finally, B. Riley reissued a “buy” rating and set a $7.00 target price on shares of Hudson Technologies in a research note on Monday, July 25th.
In related news, VP Stephen P. Mandracchia sold 271,742 shares of the stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $4.90, for a total transaction of $1,331,535.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Kevin J. Zugibe sold 600,000 shares of the stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $4.85, for a total value of $2,910,000.00. The disclosure for this sale can be found here. 24.40% of the stock is owned by insiders.
About Hudson Technologies
Hudson Technologies, Inc is a refrigerant services company. The Company provides solutions to recurring problems within the refrigeration industry. Its products and services include refrigerant and industrial gas sales; refrigerant management services, which consist of reclamation of refrigerants, and RefrigerantSide services, which consist of system decontamination.
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