Richard Parrillo Purchases 5,000 Shares of Hudson Technologies (NASDAQ:HDSN) Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) Director Richard Parrillo purchased 5,000 shares of the stock in a transaction on Thursday, May 14th. The shares were purchased at an average price of $4.96 per share, for a total transaction of $24,800.00. Following the transaction, the director directly owned 25,595 shares of the company’s stock, valued at approximately $126,951.20. This represents a 24.28% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Hudson Technologies Stock Up 1.7%

NASDAQ HDSN opened at $4.92 on Friday. The stock’s 50-day simple moving average is $5.93 and its two-hundred day simple moving average is $6.83. Hudson Technologies, Inc. has a twelve month low of $4.70 and a twelve month high of $10.52. The company has a market capitalization of $206.98 million, a price-to-earnings ratio of 15.87 and a beta of 0.87.

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

Analyst Ratings Changes

A number of research firms have weighed in on HDSN. B. Riley Financial lowered their price target on Hudson Technologies from $10.50 to $9.50 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Wall Street Zen downgraded Hudson Technologies from a “hold” rating to a “sell” rating in a research report on Saturday. Roth Mkm decreased their price objective on Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Friday, March 6th. Weiss Ratings upgraded Hudson Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. Finally, Canaccord Genuity Group decreased 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 analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $8.88.

More Hudson Technologies News

Here are the key news stories impacting Hudson Technologies this week:

• Positive Sentiment: Multiple insiders, including the CEO and several directors, bought shares in open-market transactions, a strong signal of management confidence in Hudson Technologies’ outlook. Insider Buying: Hudson Technologies (NASDAQ:HDSN) Director Acquires 5,000 Shares of Stock
• Neutral Sentiment: Hudson Technologies’ Q1 earnings were mixed: revenue beat expectations, but earnings per share missed estimates, leaving the market with an unclear fundamental picture. Hudson Technologies stock and earnings data
• Negative Sentiment: Sentiment from analysts remains cautious overall, with Wall Street Zen recently downgrading HDSN to “sell,” adding pressure even as insiders bought shares. Hudson Technologies Downgraded to Sell Rating by Wall Street Zen

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Westerly Capital Management LLC increased its holdings in shares of Hudson Technologies by 34.9% in the fourth quarter. Westerly Capital Management LLC now owns 2,550,000 shares of the industrial products company’s stock worth $17,468,000 after buying an additional 660,000 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Hudson Technologies by 5.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,148,311 shares of the industrial products company’s stock worth $12,631,000 after buying an additional 105,160 shares during the period. AQR Capital Management LLC increased its holdings in shares of Hudson Technologies by 7.2% in the first quarter. AQR Capital Management LLC now owns 591,645 shares of the industrial products company’s stock worth $3,650,000 after buying an additional 39,654 shares during the period. Marshall Wace LLP increased its holdings in shares of Hudson Technologies by 270.4% in the fourth quarter. Marshall Wace LLP now owns 465,130 shares of the industrial products company’s stock worth $3,186,000 after buying an additional 339,543 shares during the period. Finally, Lazard Asset Management LLC increased its holdings in shares of Hudson Technologies by 65.6% in the fourth quarter. Lazard Asset Management LLC now owns 431,769 shares of the industrial products company’s stock worth $2,958,000 after buying an additional 170,964 shares during the period. 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.