RMB Capital Management LLC lowered its stake in shares of Hudson Technologies Inc. (NASDAQ:HDSN) by 70.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 226,368 shares of the company’s stock after selling 547,778 shares during the period. RMB Capital Management LLC owned approximately 0.67% of Hudson Technologies worth $1,505,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the stock. Westwood Management Corp IL acquired a new position in shares of Hudson Technologies during the third quarter worth $133,000. Thompson Davis & CO. Inc. raised its position in shares of Hudson Technologies by 6.0% in the second quarter. Thompson Davis & CO. Inc. now owns 35,500 shares of the company’s stock worth $128,000 after buying an additional 2,000 shares in the last quarter. B. Riley Financial Inc. acquired a new position in shares of Hudson Technologies during the second quarter worth $134,000. Mesirow Financial Investment Management Equity Management acquired a new position in shares of Hudson Technologies during the second quarter worth $191,000. Finally, Coe Capital Management LLC acquired a new position in shares of Hudson Technologies during the second quarter worth $194,000. Institutional investors own 65.45% of the company’s stock.
Hudson Technologies Inc. (NASDAQ:HDSN) traded down 0.49% during trading on Friday, hitting $8.18. 158,509 shares of the stock were exchanged. Hudson Technologies Inc. has a 1-year low of $2.64 and a 1-year high of $8.50. The company has a 50-day moving average price of $6.73 and a 200 day moving average price of $5.17. The firm has a market capitalization of $278.46 million, a price-to-earnings ratio of 23.92 and a beta of 1.29.
Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.05. The firm earned $34.90 million during the quarter, compared to analyst estimates of $28.22 million. Hudson Technologies had a return on equity of 20.51% and a net margin of 10.99%. Equities analysts predict that Hudson Technologies Inc. will post $0.34 earnings per share for the current fiscal year.
A number of equities analysts have weighed in on the stock. B. Riley reiterated a “buy” rating and set a $7.50 target price on shares of Hudson Technologies in a research report on Tuesday, November 1st. Zacks Investment Research upgraded shares of Hudson Technologies from a “hold” rating to a “buy” rating and set a $6.25 target price for the company in a research report on Wednesday, November 2nd. Finally, Roth Capital reiterated a “buy” rating and set a $7.50 target price on shares of Hudson Technologies in a research report on Thursday, August 25th.
In other news, CFO Nat Krishnamurti sold 5,218 shares of Hudson Technologies stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $6.07, for a total value of $31,673.26. Following the completion of the transaction, the chief financial officer now owns 14,000 shares of the company’s stock, valued at approximately $84,980. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 24.40% of the stock is owned by insiders.
Hudson Technologies Company Profile
Hudson Technologies, Inc is a refrigerant services company. The Company provides solutions to recurring problems within the refrigeration industry. Its products and services include refrigerant and industrial gas sales; refrigerant management services, which consist of reclamation of refrigerants, and RefrigerantSide services, which consist of system decontamination.