Portolan Capital Management LLC Has $2.80 Million Stake in Hudson Technologies, Inc. (NASDAQ:HDSN)

Portolan Capital Management LLC decreased its holdings in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) by 24.2% in the 3rd quarter, Holdings Channel reports. The fund owned 335,840 shares of the industrial products company’s stock after selling 107,056 shares during the period. Portolan Capital Management LLC’s holdings in Hudson Technologies were worth $2,801,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of HDSN. Vanguard Group Inc. raised 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 in the last quarter. Virtu Financial LLC bought a new stake in shares of Hudson Technologies during the first quarter worth about $114,000. Boston Partners bought a new stake in shares of Hudson Technologies during the first quarter worth about $339,000. Harbor Capital Advisors Inc. grew its holdings in shares of Hudson Technologies by 214.5% during the second quarter. Harbor Capital Advisors Inc. now owns 57,773 shares of the industrial products company’s stock worth $508,000 after purchasing an additional 39,402 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in shares of Hudson Technologies by 20.2% during the second quarter. Sequoia Financial Advisors LLC now owns 13,700 shares of the industrial products company’s stock worth $120,000 after purchasing an additional 2,300 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

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

Hudson Technologies Stock Performance

Hudson Technologies stock opened at $6.04 on Thursday. The stock has a market capitalization of $273.01 million, a price-to-earnings ratio of 9.29, a PEG ratio of 0.35 and a beta of 1.13. Hudson Technologies, Inc. has a 52-week low of $5.35 and a 52-week high of $15.24. The stock’s 50 day moving average price is $7.05 and its two-hundred day moving average price is $8.03.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $61.94 million for the quarter, compared to analysts’ expectations of $64.92 million. Hudson Technologies had a return on equity of 12.74% and a net margin of 12.49%. During the same period in the prior year, the business earned $0.34 EPS. On average, equities research analysts forecast that Hudson Technologies, Inc. will post 0.57 EPS 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.