Pacific Ridge Capital Partners LLC Buys 16,660 Shares of Hudson Technologies, Inc. (NASDAQ:HDSN)

Pacific Ridge Capital Partners LLC raised its stake in Hudson Technologies, Inc. (NASDAQ:HDSN) by 26.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 79,790 shares of the industrial products company’s stock after buying an additional 16,660 shares during the quarter. Pacific Ridge Capital Partners LLC owned about 0.18% of Hudson Technologies worth $878,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its holdings in shares of Hudson Technologies by 417.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,954 shares of the industrial products company’s stock valued at $94,000 after purchasing an additional 5,610 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Hudson Technologies in the first quarter valued at approximately $126,000. Arizona State Retirement System acquired a new stake in shares of Hudson Technologies in the fourth quarter valued at approximately $154,000. Paradice Investment Management LLC acquired a new stake in shares of Hudson Technologies in the fourth quarter valued at approximately $154,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Hudson Technologies in the fourth quarter valued at approximately $163,000. Institutional investors own 71.34% of the company’s stock.

Analysts Set New Price Targets

HDSN has been the topic of a number of recent research reports. Roth Mkm lowered their price objective on shares of Hudson Technologies from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Canaccord Genuity Group downgraded shares of Hudson Technologies from a “buy” rating to a “hold” rating and lowered their target price for the stock from $15.00 to $10.00 in a report on Thursday, May 2nd. Craig Hallum lowered their target price on shares of Hudson Technologies from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Finally, Canaccord Genuity Group restated a “hold” rating and set a $10.00 target price (down from $15.00) on shares of Hudson Technologies in a report on Thursday, May 2nd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Hudson Technologies has an average rating of “Moderate Buy” and an average price target of $12.40.

Insider Activity at Hudson Technologies

In other Hudson Technologies news, Director Vincent P. Abbatecola sold 10,000 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $9.20, for a total transaction of $92,000.00. Following the sale, the director now directly owns 159,341 shares in the company, valued at $1,465,937.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 8.20% of the stock is currently owned by corporate insiders.

Hudson Technologies Stock Performance

HDSN traded down $0.13 during trading on Friday, reaching $8.80. 214,729 shares of the stock were exchanged, compared to its average volume of 350,506. Hudson Technologies, Inc. has a twelve month low of $7.90 and a twelve month high of $15.24. The stock has a market cap of $400.49 million, a P/E ratio of 8.98, a price-to-earnings-growth ratio of 0.40 and a beta of 1.25. The stock’s 50 day moving average price is $9.02 and its two-hundred day moving average price is $11.05.

Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. The company had revenue of $65.25 million for the quarter, compared to analyst estimates of $63.04 million. Hudson Technologies had a net margin of 16.70% and a return on equity of 21.59%. During the same period in the prior year, the firm earned $0.33 earnings per share. Equities research analysts predict that Hudson Technologies, Inc. will post 0.74 earnings per share for the current fiscal year.

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.