Hudson Technologies, Inc. (NASDAQ:HDSN) Given Average Recommendation of “Hold” by Brokerages

Hudson Technologies, Inc. (NASDAQ:HDSN) has been assigned a consensus rating of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $8.6250.

A number of analysts have recently weighed in on the company. Weiss Ratings cut Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Wall Street Zen lowered Hudson Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, Canaccord Genuity Group decreased their price target on Hudson Technologies from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, August 6th.

Hudson Technologies Stock Up 1.1%

NASDAQ:HDSN opened at $5.41 on Friday. Hudson Technologies has a 52 week low of $4.64 and a 52 week high of $10.52. The firm has a 50 day moving average of $5.82 and a 200 day moving average of $5.85. The stock has a market capitalization of $227.71 million, a price-to-earnings ratio of 27.05 and a beta of 0.77.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.06). The firm had revenue of $78.35 million during the quarter, compared to analysts’ expectations of $74.20 million. Hudson Technologies had a return on equity of 4.95% and a net margin of 3.51%. As a group, analysts expect that Hudson Technologies will post 0.17 EPS for the current year.

Insider Activity

In related news, major shareholder Hartree Partners, Lp acquired 288,111 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was purchased at an average cost of $5.88 per share, with a total value of $1,694,092.68. Following the transaction, the insider directly owned 4,700,000 shares of the company’s stock, valued at $27,636,000. This trade represents a 6.53% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have bought a total of 998,217 shares of company stock worth $5,822,138 in the last 90 days. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of Hudson Technologies during the second quarter worth $16,303,000. Westerly Capital Management LLC increased its position in shares of Hudson Technologies by 34.9% in the 4th quarter. Westerly Capital Management LLC now owns 2,550,000 shares of the industrial products company’s stock valued at $17,468,000 after acquiring an additional 660,000 shares during the period. Dimensional Fund Advisors LP raised its stake in Hudson Technologies by 5.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,148,311 shares of the industrial products company’s stock worth $12,631,000 after acquiring an additional 105,160 shares during the last quarter. Segall Bryant & Hamill LLC raised its stake in Hudson Technologies by 248.4% in the 1st quarter. Segall Bryant & Hamill LLC now owns 628,341 shares of the industrial products company’s stock worth $3,695,000 after acquiring an additional 447,987 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in Hudson Technologies by 7.2% during the 1st quarter. AQR Capital Management LLC now owns 591,645 shares of the industrial products company’s stock worth $3,650,000 after acquiring an additional 39,654 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

About Hudson Technologies

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.