Kenneth Gaglione Buys 5,000 Shares of Hudson Technologies (NASDAQ:HDSN) Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) CEO Kenneth Gaglione acquired 5,000 shares of Hudson Technologies stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average cost of $4.89 per share, for a total transaction of $24,450.00. Following the completion of the transaction, the chief executive officer directly owned 5,000 shares in the company, valued at $24,450. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Hudson Technologies Price Performance

Hudson Technologies stock opened at $4.92 on Friday. Hudson Technologies, Inc. has a 1-year low of $4.70 and a 1-year high of $10.52. The firm has a market capitalization of $206.98 million, a P/E ratio of 15.87 and a beta of 0.87. The company’s 50-day moving average is $5.93 and its 200 day moving average is $6.83.

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 analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $57.15 million. Research analysts anticipate that Hudson Technologies, Inc. will post 0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HDSN. B. Riley Financial reduced their price objective on shares of Hudson Technologies from $10.50 to $9.50 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Weiss Ratings raised shares of Hudson Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday. Canaccord Genuity Group reduced their price objective on shares of Hudson Technologies from $9.50 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Roth Mkm reduced their target price on shares of Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Friday, March 6th. Finally, Wall Street Zen lowered shares of Hudson Technologies from a “hold” rating to a “sell” rating in a research report on Saturday. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $8.88.

Hedge Funds Weigh In On Hudson Technologies

A number of institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC increased its position 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 worth $115,000 after acquiring an additional 1,247 shares during the period. CWM LLC increased its position in shares of Hudson Technologies by 13.7% during the third quarter. CWM LLC now owns 14,102 shares of the industrial products company’s stock worth $140,000 after acquiring an additional 1,696 shares during the period. Quarry LP increased its position in shares of Hudson Technologies by 51.9% during the third 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 period. First Trust Advisors LP increased its position in shares of Hudson Technologies by 2.2% during the first quarter. First Trust Advisors LP now owns 145,083 shares of the industrial products company’s stock worth $853,000 after acquiring an additional 3,105 shares during the period. Finally, Graham Capital Management L.P. increased its position in shares of Hudson Technologies by 9.7% during the fourth quarter. Graham Capital Management L.P. now owns 36,985 shares of the industrial products company’s stock worth $253,000 after acquiring an additional 3,256 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

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

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.