Oaktree Capital Management LP Makes New $4.57 Million Investment in Hudson Technologies, Inc. $HDSN

Oaktree Capital Management LP purchased a new position in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 562,662 shares of the industrial products company’s stock, valued at approximately $4,569,000. Oaktree Capital Management LP owned approximately 1.29% of Hudson Technologies at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in Hudson Technologies by 4.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 127,725 shares of the industrial products company’s stock worth $788,000 after buying an additional 5,669 shares during the last quarter. Invesco Ltd. grew its position in Hudson Technologies by 25.4% in the first quarter. Invesco Ltd. now owns 59,065 shares of the industrial products company’s stock worth $364,000 after acquiring an additional 11,966 shares in the last quarter. Nuveen LLC acquired a new position in shares of Hudson Technologies during the 1st quarter worth $713,000. Russell Investments Group Ltd. increased its stake in shares of Hudson Technologies by 18.5% during the 1st quarter. Russell Investments Group Ltd. now owns 131,228 shares of the industrial products company’s stock worth $810,000 after purchasing an additional 20,501 shares during the last quarter. Finally, Boston Partners lifted its stake in shares of Hudson Technologies by 18.6% in the 1st quarter. Boston Partners now owns 32,272 shares of the industrial products company’s stock valued at $199,000 after purchasing an additional 5,065 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Hudson Technologies Stock Down 0.1%

Shares of HDSN opened at $7.63 on Friday. The stock’s 50-day moving average price is $8.24 and its 200 day moving average price is $8.57. The firm has a market capitalization of $332.67 million, a price-to-earnings ratio of 15.26 and a beta of 0.80. Hudson Technologies, Inc. has a 12-month low of $5.11 and a 12-month high of $10.52.

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

Analysts Set New Price Targets

Several research firms have commented on HDSN. Zacks Research downgraded shares of Hudson Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Wall Street Zen upgraded Hudson Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, November 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Hudson Technologies in a report on Wednesday, October 8th. 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. Finally, Canaccord Genuity Group decreased their target price on Hudson Technologies from $10.50 to $10.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $9.33.

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.