Allspring Global Investments Holdings LLC Buys Shares of 253,341 Hudson Technologies, Inc. (NASDAQ:HDSN)

Allspring Global Investments Holdings LLC bought a new stake in shares of Hudson Technologies, Inc. (NASDAQ:HDSN – Get Rating) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 253,341 shares of the industrial products company’s stock, valued at approximately $1,862,000.

A number of other hedge funds have also made changes to their positions in the company. Royce & Associates LP raised its holdings in shares of Hudson Technologies by 43.2% during the second quarter. Royce & Associates LP now owns 1,677,168 shares of the industrial products company’s stock valued at $12,596,000 after acquiring an additional 505,938 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Hudson Technologies by 0.7% during the first quarter. Vanguard Group Inc. now owns 1,446,818 shares of the industrial products company’s stock valued at $8,984,000 after acquiring an additional 9,436 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Hudson Technologies by 382.1% during the second quarter. Millennium Management LLC now owns 1,397,116 shares of the industrial products company’s stock valued at $10,492,000 after acquiring an additional 1,107,307 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Hudson Technologies by 26.4% during the second quarter. Renaissance Technologies LLC now owns 1,164,650 shares of the industrial products company’s stock valued at $8,747,000 after acquiring an additional 243,500 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Hudson Technologies by 426.3% during the second quarter. State Street Corp now owns 635,457 shares of the industrial products company’s stock valued at $4,772,000 after acquiring an additional 514,719 shares during the last quarter. Institutional investors and hedge funds own 62.94% of the company’s stock.

Insiders Place Their Bets

In other Hudson Technologies news, VP Kenneth Gaglione sold 19,000 shares of the firm’s stock in a transaction on Monday, December 12th. The stock was sold at an average price of $11.53, for a total transaction of $219,070.00. Following the completion of the sale, the vice president now owns 3,207 shares of the company’s stock, valued at $36,976.71. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Hudson Technologies news, VP Kenneth Gaglione sold 19,000 shares of the firm’s stock in a transaction on Monday, December 12th. The stock was sold at an average price of $11.53, for a total transaction of $219,070.00. Following the completion of the sale, the vice president now owns 3,207 shares of the company’s stock, valued at $36,976.71. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Nat Krishnamurti sold 45,000 shares of the firm’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $10.66, for a total value of $479,700.00. Following the sale, the chief financial officer now directly owns 71,401 shares of the company’s stock, valued at approximately $761,134.66. The disclosure for this sale can be found here. 10.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on HDSN shares. EF Hutton Acquisition Co. I increased their price target on Hudson Technologies from $12.00 to $13.00 and gave the company a “buy” rating in a report on Thursday, November 3rd. StockNews.com started coverage on Hudson Technologies in a report on Wednesday, October 12th. They issued a “hold” rating for the company.

Hudson Technologies Price Performance

NASDAQ:HDSN opened at $9.68 on Friday. Hudson Technologies, Inc. has a one year low of $3.11 and a one year high of $12.46. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.23 and a current ratio of 3.26. The stock has a market cap of $438.39 million, a PE ratio of 4.36, a P/E/G ratio of 0.24 and a beta of 1.49. The stock has a 50 day moving average price of $10.60 and a 200 day moving average price of $9.22.

Hudson Technologies (NASDAQ:HDSN – Get Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The industrial products company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.29 by $0.27. The firm had revenue of $89.50 million during the quarter, compared to analysts’ expectations of $78.00 million. Hudson Technologies had a return on equity of 74.90% and a net margin of 33.25%. Equities research analysts expect that Hudson Technologies, Inc. will post 1.85 EPS for the current fiscal year.

About Hudson Technologies

(Get Rating)

Hudson Technologies, Inc operates as a refrigerant services company, which provides solutions to recurring problems within the refrigeration industry. Its products and services are used in commercial air conditioning, industrial processing, and refrigeration systems, which include refrigerant sales, refrigerant management services consisting primarily of reclamation of refrigerants, and Refrigerant Side services performed at the customer’s site to remove moisture, oils and other contaminants.