BNP Paribas Financial Markets Has $1.06 Million Stock Position in Hudson Technologies, Inc. (NASDAQ:HDSN)

BNP Paribas Financial Markets lifted its position in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) by 538.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 190,623 shares of the industrial products company’s stock after buying an additional 160,774 shares during the quarter. BNP Paribas Financial Markets’ holdings in Hudson Technologies were worth $1,064,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of HDSN. Quarry LP increased its position in shares of Hudson Technologies by 89.1% in the fourth quarter. Quarry LP now owns 8,840 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 4,165 shares during the period. RPO LLC bought a new position in shares of Hudson Technologies in the fourth quarter worth $62,000. DORCHESTER WEALTH MANAGEMENT Co bought a new position in shares of Hudson Technologies in the fourth quarter worth $72,000. Ieq Capital LLC bought a new position in shares of Hudson Technologies in the fourth quarter worth $91,000. Finally, Aquatic Capital Management LLC increased its position in shares of Hudson Technologies by 278.4% in the fourth quarter. Aquatic Capital Management LLC now owns 17,029 shares of the industrial products company’s stock worth $95,000 after purchasing an additional 12,529 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Canaccord Genuity Group lifted their target price on Hudson Technologies from $6.25 to $6.75 and gave the company a “hold” rating in a research report on Thursday, May 8th. Craig Hallum upgraded Hudson Technologies from a “hold” rating to a “buy” rating and set a $8.00 target price on the stock in a research report on Thursday, May 8th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Hudson Technologies currently has an average rating of “Hold” and a consensus price target of $7.25.

Hudson Technologies Trading Down 0.8%

Shares of Hudson Technologies stock opened at $7.70 on Wednesday. The stock has a fifty day simple moving average of $6.27 and a 200 day simple moving average of $5.97. Hudson Technologies, Inc. has a 12-month low of $5.11 and a 12-month high of $10.04. The company has a market capitalization of $334.80 million, a P/E ratio of 11.85, a price-to-earnings-growth ratio of 0.49 and a beta of 0.92.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. Hudson Technologies had a return on equity of 12.74% and a net margin of 12.49%. The firm had revenue of $55.34 million during the quarter, compared to the consensus estimate of $52.23 million. On average, analysts predict that Hudson Technologies, Inc. will post 0.55 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.