Foundry Partners LLC Lowers Position in Hudson Technologies, Inc. (NASDAQ:HDSN)

Foundry Partners LLC cut its holdings in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) by 41.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 548,330 shares of the industrial products company’s stock after selling 393,593 shares during the quarter. Foundry Partners LLC owned approximately 1.20% of Hudson Technologies worth $4,573,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in 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 worth $25,108,000 after acquiring an additional 37,158 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Hudson Technologies by 22.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,019,067 shares of the industrial products company’s stock valued at $17,747,000 after acquiring an additional 364,117 shares during the period. New South Capital Management Inc. boosted its holdings in Hudson Technologies by 2.1% in the third quarter. New South Capital Management Inc. now owns 1,343,172 shares of the industrial products company’s stock valued at $11,202,000 after purchasing an additional 27,576 shares during the last quarter. Sixth Street Partners Management Company L.P. boosted its stake in shares of Hudson Technologies by 30.0% during the 2nd quarter. Sixth Street Partners Management Company L.P. now owns 1,300,000 shares of the industrial products company’s stock worth $11,427,000 after acquiring an additional 300,000 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in Hudson Technologies by 11.1% in the 2nd quarter. American Century Companies Inc. now owns 649,711 shares of the industrial products company’s stock valued at $5,711,000 after buying an additional 65,174 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Hudson Technologies Price Performance

NASDAQ:HDSN opened at $6.01 on Friday. The stock has a market cap of $271.65 million, a P/E ratio of 9.28, a PEG ratio of 0.33 and a beta of 1.22. Hudson Technologies, Inc. has a one year low of $5.35 and a one year high of $15.24. The company has a fifty day moving average price of $7.48 and a 200 day moving average price of $8.27.

Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Hudson Technologies had a net margin of 12.49% and a return on equity of 12.74%. The firm had revenue of $61.94 million for the quarter, compared to analyst estimates of $64.92 million. During the same quarter in the prior year, the firm earned $0.34 EPS. As a group, equities research analysts anticipate 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.