Hudson Technologies (NASDAQ:HDSN) Director Buys $25,092.00 in Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) Director Jeffrey Feeler acquired 5,100 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were bought at an average price of $4.92 per share, for a total transaction of $25,092.00. Following the completion of the purchase, the director owned 9,165 shares in the company, valued at approximately $45,091.80. This represents a 125.46% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Hudson Technologies Price Performance

Shares of Hudson Technologies stock traded up $0.11 during trading hours on Friday, hitting $4.95. 415,458 shares of the company’s stock traded hands, compared to its average volume of 322,717. Hudson Technologies, Inc. has a 12-month low of $4.70 and a 12-month high of $10.52. The stock has a market capitalization of $208.04 million, a price-to-earnings ratio of 15.95 and a beta of 0.87. The company has a fifty day simple moving average of $5.98 and a 200-day simple moving average of $6.84.

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). The company had revenue of $60.15 million for the quarter, compared to the consensus estimate of $57.15 million. Hudson Technologies had a net margin of 5.66% and a return on equity of 6.98%. On average, analysts forecast that Hudson Technologies, Inc. will post 0.37 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on HDSN shares. Canaccord Genuity Group reduced their price target on shares of Hudson Technologies from $9.50 to $9.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Roth Mkm reduced their price target on shares of Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Friday, March 6th. Weiss Ratings upgraded shares of Hudson Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday. Wall Street Zen lowered shares of Hudson Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Finally, B. Riley Financial reduced their price target on shares of Hudson Technologies from $10.50 to $9.50 and set a “buy” rating for the company in a research report on Thursday, March 5th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $8.88.

Institutional Investors Weigh In On Hudson Technologies

Several large investors have recently added to or reduced their stakes in HDSN. Westerly Capital Management LLC increased its holdings in Hudson Technologies by 63.3% in the 2nd quarter. Westerly Capital Management LLC now owns 2,000,000 shares of the industrial products company’s stock worth $16,240,000 after acquiring an additional 775,000 shares during the last quarter. Marshall Wace LLP grew its holdings in Hudson Technologies by 270.4% during the 4th quarter. Marshall Wace LLP now owns 465,130 shares of the industrial products company’s stock valued at $3,186,000 after buying an additional 339,543 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Hudson Technologies by 53,751.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 269,256 shares of the industrial products company’s stock valued at $1,844,000 after buying an additional 268,756 shares in the last quarter. Tudor Investment Corp ET AL purchased a new position in Hudson Technologies during the 3rd quarter valued at about $2,058,000. Finally, Segall Bryant & Hamill LLC purchased a new position in Hudson Technologies during the 4th quarter valued at about $1,235,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

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.