Foundry Partners LLC Increases Holdings in Hudson Technologies, Inc. (NASDAQ:HDSN)

Foundry Partners LLC increased its stake in Hudson Technologies, Inc. (NASDAQ:HDSN) by 39.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 941,923 shares of the industrial products company’s stock after purchasing an additional 265,825 shares during the quarter. Foundry Partners LLC’s holdings in Hudson Technologies were worth $8,280,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Virtu Financial LLC purchased a new position in shares of Hudson Technologies in the first quarter valued at $114,000. Paradice Investment Management LLC bought a new stake in Hudson Technologies during the fourth quarter valued at $154,000. Sequoia Financial Advisors LLC bought a new stake in Hudson Technologies during the first quarter valued at $126,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Hudson Technologies during the fourth quarter valued at $163,000. Finally, Legato Capital Management LLC bought a new stake in Hudson Technologies during the second quarter valued at $109,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Vincent P. Abbatecola sold 10,000 shares of the business’s stock in a transaction dated 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 owns 159,341 shares of the company’s stock, valued at approximately $1,465,937.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 8.20% of the company’s stock.

Hudson Technologies Price Performance

HDSN stock traded down $0.09 during mid-day trading on Friday, hitting $7.97. 24,806 shares of the stock were exchanged, compared to its average volume of 469,619. The business has a fifty day moving average price of $8.35 and a 200 day moving average price of $9.88. Hudson Technologies, Inc. has a 12 month low of $6.94 and a 12 month high of $15.24. The stock has a market capitalization of $362.72 million, a price-to-earnings ratio of 8.22, a PEG ratio of 0.47 and a beta of 1.26.

Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $78.63 million. During the same period last year, the firm earned $0.41 EPS. As a group, equities analysts forecast that Hudson Technologies, Inc. will post 0.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on HDSN shares. Craig Hallum dropped their price objective on Hudson Technologies from $13.00 to $10.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. B. Riley dropped their price objective on Hudson Technologies from $13.00 to $10.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.60.

Hudson Technologies Company 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.