Foundry Partners LLC Sells 393,593 Shares of Hudson Technologies, Inc. (NASDAQ:HDSN)

Foundry Partners LLC lessened its holdings in Hudson Technologies, Inc. (NASDAQ:HDSN) by 41.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 548,330 shares of the industrial products company’s stock after selling 393,593 shares during the quarter. Foundry Partners LLC’s holdings in Hudson Technologies were worth $4,573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets raised its holdings in shares of Hudson Technologies by 37.3% during the 1st quarter. BNP Paribas Financial Markets now owns 21,704 shares of the industrial products company’s stock valued at $239,000 after buying an additional 5,894 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Hudson Technologies by 240,800.0% during the first quarter. Russell Investments Group Ltd. now owns 57,816 shares of the industrial products company’s stock valued at $637,000 after buying an additional 57,792 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Hudson Technologies by 1.7% during the first quarter. Vanguard Group Inc. now owns 2,280,462 shares of the industrial products company’s stock valued at $25,108,000 after purchasing an additional 37,158 shares in the last quarter. Truvestments Capital LLC increased its position in Hudson Technologies by 1,662.7% during the first quarter. Truvestments Capital LLC now owns 31,729 shares of the industrial products company’s stock valued at $349,000 after acquiring an additional 29,929 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in Hudson Technologies during the first quarter valued at $4,549,000. Institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on HDSN. B. Riley reiterated a “neutral” rating and set a $7.25 target price (down previously from $8.50) on shares of Hudson Technologies in a research report on Tuesday, November 5th. Roth Mkm downgraded Hudson Technologies from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $12.00 to $7.00 in a report on Tuesday, November 5th. Craig Hallum downgraded Hudson Technologies from a “buy” rating to a “hold” rating and cut their price target for the company from $10.00 to $7.00 in a report on Tuesday, November 5th. Roth Capital cut Hudson Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Finally, Canaccord Genuity Group lowered their price target on Hudson Technologies from $8.75 to $8.00 and set a “hold” rating for the company in a research report on Tuesday, November 5th. Six analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $7.85.

Hudson Technologies Stock Performance

Shares of HDSN stock opened at $6.01 on Friday. The stock’s 50-day moving average is $7.48 and its two-hundred day moving average is $8.27. The firm has a market cap of $271.65 million, a price-to-earnings ratio of 9.28, a PEG ratio of 0.33 and a beta of 1.22. Hudson Technologies, Inc. has a 1 year low of $5.35 and a 1 year high of $15.24.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $61.94 million during the quarter, compared to the consensus estimate of $64.92 million. Hudson Technologies had a net margin of 12.49% and a return on equity of 12.74%. During the same quarter last year, the firm earned $0.34 earnings per share. As a group, research analysts predict that Hudson Technologies, Inc. will post 0.57 EPS for the current year.

About Hudson Technologies

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.