Ameriprise Financial Inc. Invests $600,000 in Hudson Technologies, Inc. (NASDAQ:HDSN)

Ameriprise Financial Inc. bought a new position in Hudson Technologies, Inc. (NASDAQ:HDSN) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 107,452 shares of the industrial products company’s stock, valued at approximately $600,000.

Several other hedge funds have also made changes to their positions in the stock. Algert Global LLC lifted its holdings in shares of Hudson Technologies by 31.6% in the 4th quarter. Algert Global LLC now owns 50,365 shares of the industrial products company’s stock worth $281,000 after purchasing an additional 12,090 shares during the last quarter. 683 Capital Management LLC lifted its holdings in shares of Hudson Technologies by 89.4% in the 4th quarter. 683 Capital Management LLC now owns 635,900 shares of the industrial products company’s stock worth $3,548,000 after purchasing an additional 300,110 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of Hudson Technologies by 7.8% in the 4th quarter. Jane Street Group LLC now owns 86,131 shares of the industrial products company’s stock worth $481,000 after purchasing an additional 6,263 shares during the last quarter. Westerly Capital Management LLC raised its stake in Hudson Technologies by 25.6% during the 4th quarter. Westerly Capital Management LLC now owns 1,017,580 shares of the industrial products company’s stock valued at $5,678,000 after acquiring an additional 207,580 shares in the last quarter. Finally, Comerica Bank raised its stake in Hudson Technologies by 6,954.8% during the 4th quarter. Comerica Bank now owns 102,435 shares of the industrial products company’s stock valued at $572,000 after acquiring an additional 100,983 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Hudson Technologies Stock Performance

HDSN opened at $7.25 on Wednesday. Hudson Technologies, Inc. has a one year low of $5.11 and a one year high of $9.58. The stock’s fifty day moving average is $6.47 and its 200-day moving average is $6.04. The company has a market capitalization of $315.24 million, a PE ratio of 11.15, a P/E/G ratio of 0.49 and a beta of 0.92.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. Hudson Technologies had a return on equity of 12.74% and a net margin of 12.49%. The company had revenue of $55.34 million during the quarter, compared to the consensus estimate of $52.23 million. On average, equities research analysts forecast that Hudson Technologies, Inc. will post 0.55 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Craig Hallum raised Hudson Technologies from a “hold” rating to a “buy” rating and set a $8.00 target price on the stock in a research note on Thursday, May 8th. Canaccord Genuity Group lifted their target price on Hudson Technologies from $6.25 to $6.75 and gave the company a “hold” rating in a research note on Thursday, May 8th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Hudson Technologies currently has a consensus rating of “Hold” and an average price target 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.