Hudson Technologies (NASDAQ:HDSN) CEO Kenneth Gaglione Purchases 5,000 Shares

Hudson Technologies, Inc. (NASDAQ:HDSN) CEO Kenneth Gaglione acquired 5,000 shares of the stock in a transaction on Wednesday, May 13th. The shares were acquired at an average cost of $4.89 per share, for a total transaction of $24,450.00. Following the completion of the transaction, the chief executive officer directly owned 5,000 shares in the company, valued at $24,450. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Hudson Technologies Stock Performance

Shares of Hudson Technologies stock opened at $4.92 on Friday. Hudson Technologies, Inc. has a 1 year low of $4.70 and a 1 year high of $10.52. The company has a market capitalization of $206.98 million, a P/E ratio of 15.87 and a beta of 0.87. The company’s fifty day moving average is $5.93 and its two-hundred day moving average is $6.83.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.01 EPS 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 company had revenue of $60.15 million for the quarter, compared to analysts’ expectations of $57.15 million. As a group, equities analysts expect that Hudson Technologies, Inc. will post 0.37 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on HDSN shares. Weiss Ratings upgraded Hudson Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. Wall Street Zen cut Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Saturday. Roth Mkm cut their price target on 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 cut their price target on Hudson Technologies from $10.50 to $9.50 and set a “buy” rating for the company in a research note on Thursday, March 5th. Finally, Canaccord Genuity Group lowered their price objective on Hudson Technologies from $9.50 to $9.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Hudson Technologies currently has an average rating of “Hold” and an average price target of $8.88.

Institutional Investors Weigh In On Hudson Technologies

Institutional investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue purchased a new stake in Hudson Technologies in the 4th quarter valued at approximately $28,000. Nkcfo LLC purchased a new position in shares of Hudson Technologies in the 3rd quarter valued at about $47,000. Quarry LP increased its holdings in shares of Hudson Technologies by 51.9% in the 3rd quarter. Quarry LP now owns 5,281 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 1,805 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Hudson Technologies by 88.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,530 shares of the industrial products company’s stock valued at $75,000 after purchasing an additional 3,532 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of 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 valued at $71,000 after purchasing an additional 5,576 shares in the last quarter. 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.