Bridgeway Capital Management LLC Purchases Shares of 195,512 Hudson Technologies, Inc. (NASDAQ:HDSN)

Bridgeway Capital Management LLC acquired a new stake in Hudson Technologies, Inc. (NASDAQ:HDSN) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 195,512 shares of the industrial products company’s stock, valued at approximately $1,091,000. Bridgeway Capital Management LLC owned about 0.43% of Hudson Technologies at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Barclays PLC raised its holdings in Hudson Technologies by 314.0% in the 3rd quarter. Barclays PLC now owns 68,191 shares of the industrial products company’s stock valued at $569,000 after acquiring an additional 51,719 shares during the period. JPMorgan Chase & Co. lifted its holdings in Hudson Technologies by 69.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 338,607 shares of the industrial products company’s stock worth $2,824,000 after purchasing an additional 139,042 shares during the last quarter. Wedge Capital Management L L P NC bought a new stake in Hudson Technologies in the 4th quarter valued at $1,612,000. SG Americas Securities LLC grew its holdings in Hudson Technologies by 48.1% in the 4th quarter. SG Americas Securities LLC now owns 28,681 shares of the industrial products company’s stock valued at $160,000 after buying an additional 9,319 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its position in Hudson Technologies by 50.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 54,682 shares of the industrial products company’s stock worth $305,000 after buying an additional 18,344 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Hudson Technologies Stock Down 4.6 %

HDSN stock opened at $7.44 on Friday. The company’s 50-day moving average price is $6.01 and its two-hundred day moving average price is $5.97. Hudson Technologies, Inc. has a 12 month low of $5.11 and a 12 month high of $10.04. The firm has a market cap of $327.18 million, a P/E ratio of 11.45, a P/E/G ratio of 0.49 and a beta of 0.92.

Hudson Technologies (NASDAQ:HDSN) last released its earnings results 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. The firm had revenue of $55.34 million for the quarter, compared to analysts’ expectations of $52.23 million. Hudson Technologies had a return on equity of 12.74% and a net margin of 12.49%. Equities analysts predict that Hudson Technologies, Inc. will post 0.55 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Craig Hallum raised shares of Hudson Technologies from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a research report on Thursday. Canaccord Genuity Group raised their target price on shares of Hudson Technologies from $6.25 to $6.75 and gave the stock a “hold” rating in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $7.25.

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.