North Star Investment Management Corp. Cuts Stock Holdings in Hudson Technologies, Inc. $HDSN

North Star Investment Management Corp. cut its holdings in Hudson Technologies, Inc. (NASDAQ:HDSN) by 97.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,075 shares of the industrial products company’s stock after selling 166,000 shares during the period. North Star Investment Management Corp.’s holdings in Hudson Technologies were worth $28,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new position in Hudson Technologies in the fourth quarter valued at approximately $28,000. Nkcfo LLC acquired a new position in Hudson Technologies in the third quarter valued at approximately $47,000. Quarry LP lifted its holdings in Hudson Technologies by 51.9% in the third quarter. Quarry LP now owns 5,281 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 1,805 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in Hudson Technologies by 177.6% in the second quarter. Tower Research Capital LLC TRC now owns 8,715 shares of the industrial products company’s stock valued at $71,000 after acquiring an additional 5,576 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in Hudson Technologies by 88.3% in the third quarter. BNP Paribas Financial Markets now owns 7,530 shares of the industrial products company’s stock valued at $75,000 after acquiring an additional 3,532 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Hudson Technologies Stock Down 0.2%

NASDAQ:HDSN opened at $6.25 on Friday. Hudson Technologies, Inc. has a 52 week low of $5.62 and a 52 week high of $10.52. The stock’s fifty day moving average is $6.26 and its two-hundred day moving average is $7.08. The stock has a market capitalization of $262.94 million, a price-to-earnings ratio of 17.36 and a beta of 0.87.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings data on Wednesday, March 4th. The industrial products company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.04). Hudson Technologies had a return on equity of 7.88% and a net margin of 6.76%.The company had revenue of $44.41 million for the quarter, compared to analysts’ expectations of $38.12 million. On average, sell-side analysts expect that Hudson Technologies, Inc. will post 0.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on HDSN shares. B. Riley Financial decreased their price objective on Hudson Technologies from $10.50 to $9.50 and set a “buy” rating on the stock in a report on Thursday, March 5th. Canaccord Genuity Group decreased their price objective on Hudson Technologies from $10.00 to $9.50 and set a “buy” rating on the stock in a report on Friday, March 6th. Wall Street Zen cut Hudson Technologies from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Roth Mkm decreased their price objective on Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Friday, March 6th. Finally, Weiss Ratings cut Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 2nd. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Hudson Technologies presently has an average rating of “Hold” and an average target price of $9.00.

About Hudson Technologies

Hudson Technologies, Inc is a U.S.-based provider of refrigerant management and sustainability solutions, specializing in the recovery, reclamation and recycling of refrigerant gases. The company’s core business centers on collecting used refrigerants—such as CFCs, HCFCs and HFCs—from industrial, commercial and institutional customers, processing them in certified reclamation facilities and returning material that meets industry purity standards.

Headquartered in Purchase, New York, Hudson Technologies operates a network of reclamation centers across the continental United States.