Aigen Investment Management LP Makes New $132,000 Investment in Hudson Technologies, Inc. (NASDAQ:HDSN)

Aigen Investment Management LP acquired a new position in Hudson Technologies, Inc. (NASDAQ:HDSN) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,885 shares of the industrial products company’s stock, valued at approximately $132,000.

Other hedge funds have also bought and sold shares of the company. nVerses Capital LLC purchased a new stake in Hudson Technologies in the 3rd quarter worth approximately $28,000. Point72 DIFC Ltd acquired a new position in shares of Hudson Technologies during the 2nd quarter worth approximately $55,000. Quest Partners LLC raised its stake in shares of Hudson Technologies by 121.5% during the 2nd quarter. Quest Partners LLC now owns 7,905 shares of the industrial products company’s stock worth $69,000 after buying an additional 4,336 shares during the period. Virtu Financial LLC acquired a new position in shares of Hudson Technologies during the 1st quarter worth approximately $114,000. Finally, Bleakley Financial Group LLC acquired a new position in shares of Hudson Technologies during the 3rd quarter worth approximately $96,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Hudson Technologies Stock Down 3.7 %

HDSN opened at $5.95 on Monday. The business’s 50 day moving average is $7.60 and its two-hundred day moving average is $8.33. Hudson Technologies, Inc. has a 52 week low of $5.35 and a 52 week high of $15.24. The firm has a market cap of $268.94 million, a price-to-earnings ratio of 9.15, a price-to-earnings-growth ratio of 0.34 and a beta of 1.22.

Hudson Technologies (NASDAQ:HDSN) last announced its earnings results on Monday, November 4th. The industrial products company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. Hudson Technologies had a return on equity of 12.74% and a net margin of 12.49%. The company had revenue of $61.94 million for the quarter, compared to the consensus estimate of $64.92 million. During the same period last year, the business posted $0.34 EPS. Equities analysts expect that Hudson Technologies, Inc. will post 0.57 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Canaccord Genuity Group reduced their target price on Hudson Technologies from $8.75 to $8.00 and set a “hold” rating for the company in a research note on Tuesday, November 5th. Roth Mkm downgraded Hudson Technologies from a “buy” rating to a “neutral” rating and reduced 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 issued a $7.25 price objective (down from $8.50) on shares of Hudson Technologies in a research note on Tuesday, November 5th. Craig Hallum downgraded Hudson Technologies from a “buy” rating to a “hold” rating and reduced their price objective for the company from $10.00 to $7.00 in a research note on Tuesday, November 5th. Finally, Roth Capital downgraded Hudson Technologies from a “strong-buy” rating to a “hold” rating in a research note 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 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.