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

Hudson Technologies, Inc. (NASDAQ:HDSN) Director Loan Nguyen Mansy 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, with a total value of $24,800.00. Following the acquisition, the director owned 25,595 shares in the company, valued at approximately $126,951.20. The trade was a 24.28% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hudson Technologies Stock Performance

Shares of NASDAQ HDSN opened at $4.92 on Monday. The company’s 50 day moving average price is $5.93 and its 200-day moving average price is $6.81. Hudson Technologies, Inc. has a 52-week low of $4.70 and a 52-week 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.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings data 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 analyst estimates of $57.15 million. Analysts forecast that Hudson Technologies, Inc. will post 0.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Hudson Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of HDSN. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Hudson Technologies by 10.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 12,747 shares of the industrial products company’s stock valued at $115,000 after purchasing an additional 1,247 shares during the period. CWM LLC grew its stake in shares of Hudson Technologies by 13.7% in the 3rd quarter. CWM LLC now owns 14,102 shares of the industrial products company’s stock valued at $140,000 after buying an additional 1,696 shares during the period. Quarry LP increased its position in 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 buying an additional 1,805 shares in the last quarter. First Trust Advisors LP raised its stake in Hudson Technologies by 2.2% during the 1st quarter. First Trust Advisors LP now owns 145,083 shares of the industrial products company’s stock worth $853,000 after buying an additional 3,105 shares during the period. Finally, Graham Capital Management L.P. raised its stake in Hudson Technologies by 9.7% during the 4th quarter. Graham Capital Management L.P. now owns 36,985 shares of the industrial products company’s stock worth $253,000 after buying an additional 3,256 shares during the period. 71.34% of the stock is owned by institutional investors.

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.