Essex Investment Management Co. LLC Has $3.20 Million Stake in Hudson Technologies, Inc. (NASDAQ:HDSN)

Essex Investment Management Co. LLC lowered its position in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) by 2.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 378,093 shares of the industrial products company’s stock after selling 10,554 shares during the period. Essex Investment Management Co. LLC owned about 0.91% of Hudson Technologies worth $3,195,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HDSN. Perigon Wealth Management LLC raised its position in Hudson Technologies by 14.3% in the first quarter. Perigon Wealth Management LLC now owns 31,034 shares of the industrial products company’s stock worth $205,000 after buying an additional 3,875 shares during the period. Geode Capital Management LLC increased its stake in Hudson Technologies by 4.0% in the first quarter. Geode Capital Management LLC now owns 227,825 shares of the industrial products company’s stock worth $1,503,000 after buying an additional 8,805 shares in the last quarter. RMB Capital Management LLC increased its stake in Hudson Technologies by 3.0% in the first quarter. RMB Capital Management LLC now owns 350,750 shares of the industrial products company’s stock worth $2,315,000 after buying an additional 10,173 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Hudson Technologies by 10.6% in the first quarter. Bank of New York Mellon Corp now owns 126,752 shares of the industrial products company’s stock worth $837,000 after buying an additional 12,143 shares in the last quarter. Finally, Mesirow Financial Investment Management Equity Management increased its stake in Hudson Technologies by 33.2% in the first quarter. Mesirow Financial Investment Management Equity Management now owns 56,575 shares of the industrial products company’s stock worth $373,000 after buying an additional 14,100 shares in the last quarter. Hedge funds and other institutional investors own 76.23% of the company’s stock.

Hudson Technologies, Inc. (NASDAQ HDSN) traded down 0.62% during mid-day trading on Wednesday, reaching $7.98. 233,108 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $8.54 and a 200-day moving average price of $7.64. Hudson Technologies, Inc. has a 12-month low of $4.70 and a 12-month high of $9.44. The stock has a market capitalization of $331.48 million, a PE ratio of 22.80 and a beta of 1.12.

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HDSN has been the subject of a number of research analyst reports. ValuEngine raised shares of Hudson Technologies from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. BidaskClub downgraded shares of Hudson Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. TheStreet raised shares of Hudson Technologies from a “c+” rating to a “b” rating in a report on Wednesday, May 31st. Zacks Investment Research downgraded shares of Hudson Technologies from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Finally, Roth Capital set a $10.00 price objective on shares of Hudson Technologies and gave the stock a “buy” rating in a report on Wednesday, June 28th. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $8.67.

About Hudson Technologies

Hudson Technologies, Inc is a refrigerant services company. The Company’s products and services are primarily used in commercial air conditioning, industrial processing and refrigeration systems, and include refrigerant and industrial gas sales, refrigerant management services consisting primarily of reclamation of refrigerants and RefrigerantSide Services performed at a customer’s site, consisting of system decontamination to remove moisture, oils and other contaminants.