Peterson Wealth Services Invests $207,000 in Hudson Technologies, Inc. (NASDAQ:HDSN)

Peterson Wealth Services acquired a new position in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 15,364 shares of the industrial products company’s stock, valued at approximately $207,000.

Several other large investors have also modified their holdings of HDSN. Meeder Asset Management Inc. purchased a new stake in shares of Hudson Technologies in the fourth quarter valued at $26,000. Metropolitan Life Insurance Co NY lifted its holdings in shares of Hudson Technologies by 140.1% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 2,677 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 1,562 shares in the last quarter. Quarry LP purchased a new stake in shares of Hudson Technologies in the first quarter valued at $31,000. Legal & General Group Plc purchased a new stake in shares of Hudson Technologies in the second quarter valued at $35,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Hudson Technologies by 230.8% in the second quarter. Tower Research Capital LLC TRC now owns 3,715 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 2,592 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

Hudson Technologies Trading Up 0.5 %

Shares of NASDAQ:HDSN opened at $10.50 on Friday. Hudson Technologies, Inc. has a 1 year low of $7.21 and a 1 year high of $15.24. The business has a fifty day simple moving average of $12.45 and a 200 day simple moving average of $12.75. The firm has a market cap of $477.87 million, a price-to-earnings ratio of 9.46, a P/E/G ratio of 0.36 and a beta of 0.91.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings data on Wednesday, March 6th. The industrial products company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.01. Hudson Technologies had a return on equity of 25.57% and a net margin of 18.08%. The business had revenue of $44.86 million during the quarter, compared to analyst estimates of $39.72 million. On average, sell-side analysts forecast that Hudson Technologies, Inc. will post 0.98 EPS for the current year.

Analyst Ratings Changes

Separately, B. Riley reduced their target price on Hudson Technologies from $17.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, March 7th.

Hudson Technologies Company 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.