Hudson Technologies (NASDAQ:HDSN) Director Buys $25,092.00 in Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) Director Jeffrey Feeler bought 5,100 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were purchased at an average cost of $4.92 per share, with a total value of $25,092.00. Following the transaction, the director directly owned 9,165 shares in the company, valued at approximately $45,091.80. This trade represents a 125.46% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Hudson Technologies Trading Up 2.2%

NASDAQ:HDSN traded up $0.11 on Friday, reaching $4.95. 415,458 shares of the stock traded hands, compared to its average volume of 322,717. The firm has a market capitalization of $208.04 million, a price-to-earnings ratio of 15.95 and a beta of 0.87. The company’s 50 day moving average is $5.98 and its 200-day moving average is $6.84. Hudson Technologies, Inc. has a 1-year low of $4.70 and a 1-year high of $10.52.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $57.15 million. Hudson Technologies had a return on equity of 6.98% and a net margin of 5.66%. On average, equities research analysts forecast that Hudson Technologies, Inc. will post 0.37 EPS for the current fiscal year.

Hedge Funds Weigh In On Hudson Technologies

Several large investors have recently bought and sold shares of HDSN. AQR Capital Management LLC lifted its stake 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 valued at $3,650,000 after acquiring an additional 39,654 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Hudson Technologies during the 1st quarter valued at $97,000. Goldman Sachs Group Inc. lifted its stake in Hudson Technologies by 49.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 245,760 shares of the industrial products company’s stock valued at $1,516,000 after acquiring an additional 80,973 shares in the last quarter. Invesco Ltd. lifted its stake in Hudson Technologies by 21.5% during the 2nd quarter. Invesco Ltd. now owns 71,748 shares of the industrial products company’s stock valued at $583,000 after acquiring an additional 12,683 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its stake in Hudson Technologies by 87.7% during the 2nd quarter. Quantinno Capital Management LP now owns 45,416 shares of the industrial products company’s stock valued at $369,000 after acquiring an additional 21,220 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on HDSN shares. Wall Street Zen cut Hudson Technologies from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. B. Riley Financial cut their price target on Hudson Technologies from $10.50 to $9.50 and set a “buy” rating on the stock in a report on Thursday, March 5th. Canaccord Genuity Group cut their price target on 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 cut their price target on Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Friday, March 6th. Finally, Weiss Ratings upgraded Hudson Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Hudson Technologies presently has a consensus rating of “Hold” and a consensus target price 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.