Insider Buying: Hudson Technologies (NASDAQ:HDSN) Director Acquires $24,800.00 in Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) Director Richard Parrillo bought 5,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was purchased at an average cost of $4.96 per share, with a total value of $24,800.00. Following the completion of the transaction, the director directly owned 25,595 shares of the company’s stock, valued at approximately $126,951.20. The trade was a 24.28% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Hudson Technologies Price Performance

Shares of NASDAQ HDSN opened at $4.92 on Monday. Hudson Technologies, Inc. has a one year low of $4.70 and a one year high of $10.52. The business’s fifty day moving average price is $5.93 and its 200-day moving average price is $6.81. The stock has a market capitalization of $206.98 million, a PE ratio of 15.87 and a beta of 0.87.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.04). Hudson Technologies had a return on equity of 6.98% and a net margin of 5.66%.The firm had revenue of $60.15 million for the quarter, compared to the consensus estimate of $57.15 million. As a group, equities analysts expect that Hudson Technologies, Inc. will post 0.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Hudson Technologies

Several hedge funds and other institutional investors have recently modified their holdings of HDSN. State of Alaska Department of Revenue purchased a new stake in shares of Hudson Technologies in the fourth quarter worth about $28,000. Nkcfo LLC purchased a new position in Hudson Technologies during the third quarter valued at approximately $47,000. Quarry LP increased its holdings in Hudson Technologies by 51.9% during the 3rd quarter. Quarry LP now owns 5,281 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 1,805 shares during the period. Kemnay Advisory Services Inc. bought a new stake in Hudson Technologies during the 4th quarter worth approximately $62,000. Finally, Tower Research Capital LLC TRC lifted its stake in Hudson Technologies by 177.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,715 shares of the industrial products company’s stock worth $71,000 after purchasing an additional 5,576 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HDSN has been the subject of several recent research reports. Weiss Ratings upgraded shares of Hudson Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. Canaccord Genuity Group cut their price objective on shares of Hudson Technologies from $9.50 to $9.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Roth Mkm reduced their price objective on shares of Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Friday, March 6th. B. Riley Financial lowered their target price on shares of Hudson Technologies from $10.50 to $9.50 and set a “buy” rating on the stock in a report on Thursday, March 5th. Finally, Wall Street Zen downgraded Hudson Technologies from a “hold” rating to a “sell” rating in a research report on Saturday. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $8.88.

Hudson Technologies Company Profile

Hudson Technologies, Inc is a U.S.-based provider of refrigerant management and sustainability solutions, specializing in the recovery, reclamation and recycling of refrigerant gases. The company’s core business centers on collecting used refrigerants—such as CFCs, HCFCs and HFCs—from industrial, commercial and institutional customers, processing them in certified reclamation facilities and returning material that meets industry purity standards.

Headquartered in Purchase, New York, Hudson Technologies operates a network of reclamation centers across the continental United States.