Oaktree Capital Management LP Buys Shares of 562,662 Hudson Technologies, Inc. $HDSN

Oaktree Capital Management LP purchased a new position in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 562,662 shares of the industrial products company’s stock, valued at approximately $4,569,000.

A number of other institutional investors and hedge funds have also modified their holdings of HDSN. GAMMA Investing LLC boosted its stake in Hudson Technologies by 30.5% in the second quarter. GAMMA Investing LLC now owns 6,487 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 1,517 shares during the last quarter. SummerHaven Investment Management LLC raised its position in shares of Hudson Technologies by 2.8% during the 2nd quarter. SummerHaven Investment Management LLC now owns 96,922 shares of the industrial products company’s stock valued at $787,000 after acquiring an additional 2,635 shares during the last quarter. EP Wealth Advisors LLC lifted its stake in shares of Hudson Technologies by 29.7% in the 1st quarter. EP Wealth Advisors LLC now owns 16,519 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 3,785 shares during the period. MetLife Investment Management LLC boosted its holdings in Hudson Technologies by 25.2% during the first quarter. MetLife Investment Management LLC now owns 24,316 shares of the industrial products company’s stock worth $150,000 after buying an additional 4,900 shares during the last quarter. Finally, Boston Partners grew its position in shares of Hudson Technologies by 18.6% during the 1st quarter. Boston Partners now owns 32,272 shares of the industrial products company’s stock worth $199,000 after buying an additional 5,065 shares during the period. 71.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HDSN has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Hudson Technologies in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Hudson Technologies from a “hold” rating to a “buy” rating in a report on Sunday, November 16th. Canaccord Genuity Group decreased their price target on shares of Hudson Technologies from $10.50 to $10.00 and set a “buy” rating for the company in a report on Monday, November 10th. Zacks Research cut shares of Hudson Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Finally, Craig Hallum downgraded Hudson Technologies from a “buy” rating to a “hold” rating and set a $9.00 price objective on the stock. in a research note on Thursday, November 6th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $9.33.

Hudson Technologies Trading Down 0.1%

HDSN stock opened at $7.63 on Friday. The stock has a market cap of $332.67 million, a PE ratio of 15.26 and a beta of 0.80. Hudson Technologies, Inc. has a 1 year low of $5.11 and a 1 year high of $10.52. The stock has a 50-day moving average price of $8.24 and a two-hundred day moving average price of $8.57.

Hudson Technologies (NASDAQ:HDSN) last announced its earnings results on Wednesday, November 5th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. Hudson Technologies had a return on equity of 8.97% and a net margin of 9.60%.The business had revenue of $74.01 million for the quarter, compared to analyst estimates of $72.15 million. On average, analysts forecast that Hudson Technologies, Inc. will post 0.55 earnings per share for the current fiscal year.

About Hudson Technologies

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.