Foundry Partners LLC Purchases 265,825 Shares of Hudson Technologies, Inc. (NASDAQ:HDSN)

Foundry Partners LLC boosted its position in Hudson Technologies, Inc. (NASDAQ:HDSN) by 39.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 941,923 shares of the industrial products company’s stock after acquiring an additional 265,825 shares during the period. Foundry Partners LLC owned 2.07% of Hudson Technologies worth $8,280,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Legato Capital Management LLC bought a new position in Hudson Technologies in the second quarter worth approximately $109,000. Virtu Financial LLC bought a new position in shares of Hudson Technologies in the first quarter valued at approximately $114,000. Sequoia Financial Advisors LLC lifted its holdings in shares of Hudson Technologies by 20.2% in the second quarter. Sequoia Financial Advisors LLC now owns 13,700 shares of the industrial products company’s stock valued at $120,000 after purchasing an additional 2,300 shares in the last quarter. Paradice Investment Management LLC bought a new position in shares of Hudson Technologies in the fourth quarter valued at approximately $154,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Hudson Technologies in the fourth quarter valued at approximately $163,000. Institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on HDSN shares. B. Riley dropped their target price on Hudson Technologies from $13.00 to $10.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Craig Hallum dropped their target price on Hudson Technologies from $13.00 to $10.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $10.60.

Insiders Place Their Bets

In other Hudson Technologies news, Director Vincent P. Abbatecola sold 10,000 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $9.20, for a total value of $92,000.00. Following the completion of the sale, the director now directly owns 159,341 shares of the company’s stock, valued at $1,465,937.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 8.20% of the company’s stock.

Hudson Technologies Trading Down 1.1 %

Shares of HDSN traded down $0.09 on Friday, reaching $7.97. 24,806 shares of the company’s stock traded hands, compared to its average volume of 469,619. The stock has a market cap of $362.72 million, a PE ratio of 8.22, a PEG ratio of 0.47 and a beta of 1.26. The stock’s 50 day simple moving average is $8.35 and its two-hundred day simple moving average is $9.88. Hudson Technologies, Inc. has a 52-week low of $6.94 and a 52-week high of $15.24.

Hudson Technologies (NASDAQ:HDSN) last released its earnings results on Tuesday, August 6th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.05). Hudson Technologies had a return on equity of 16.65% and a net margin of 14.00%. The firm had revenue of $75.28 million during the quarter, compared to analysts’ expectations of $78.63 million. During the same period in the prior year, the business earned $0.41 earnings per share. Analysts forecast that Hudson Technologies, Inc. will post 0.58 earnings per share for the current year.

Hudson Technologies Profile

Hudson Technologies, Inc, through its subsidiary, Hudson Technologies Company, engages in the provision of solutions to recurring problems within the refrigeration industry in the United States. The company engages in the sale of refrigerant and industrial gas; provision of refrigerant management services consisting primarily of reclamation of refrigerants, re-usable cylinder refurbishment, and hydrostatic testing services; and RefrigerantSide services comprising system decontamination and recovery to remove moisture, oils, and other contaminants.