Hudson Technologies (NASDAQ:HDSN) Director Acquires $25,376.00 in Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) Director Alan Sheriff acquired 5,200 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was acquired at an average price of $4.88 per share, with a total value of $25,376.00. Following the purchase, the director owned 9,265 shares in the company, valued at approximately $45,213.20. This represents a 127.92% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Hudson Technologies Stock Performance

Shares of HDSN stock traded up $0.11 during mid-day trading on Friday, reaching $4.95. The company’s stock had a trading volume of 415,458 shares, compared to its average volume of 322,717. Hudson Technologies, Inc. has a 1-year low of $4.70 and a 1-year high of $10.52. The company has a market cap of $208.04 million, a P/E ratio of 15.95 and a beta of 0.87. The firm’s 50-day moving average is $5.98 and its two-hundred day moving average is $6.84.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The business had revenue of $60.15 million during the quarter, compared to analyst estimates of $57.15 million. Hudson Technologies had a net margin of 5.66% and a return on equity of 6.98%. Sell-side analysts anticipate that Hudson Technologies, Inc. will post 0.37 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue bought a new position in Hudson Technologies during the 4th quarter worth approximately $28,000. Nkcfo LLC bought a new position in Hudson Technologies during the 3rd quarter worth approximately $47,000. Quarry LP boosted its stake 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 last quarter. BNP Paribas Financial Markets boosted its stake in Hudson Technologies by 88.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,530 shares of the industrial products company’s stock worth $75,000 after acquiring an additional 3,532 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in Hudson Technologies by 177.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,715 shares of the industrial products company’s stock worth $71,000 after acquiring an additional 5,576 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

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