Hudson Technologies (NASDAQ:HDSN) Director Jeffrey Feeler Acquires 5,100 Shares

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

Hudson Technologies Stock Performance

Shares of HDSN opened at $4.92 on Friday. The business has a 50-day moving average of $5.93 and a 200 day moving average of $6.83. Hudson Technologies, Inc. has a fifty-two week low of $4.70 and a fifty-two week high of $10.52. The firm has a market cap of $206.98 million, a P/E ratio of 15.87 and a beta of 0.87.

Hudson Technologies (NASDAQ:HDSN) last announced 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 during the quarter, compared to analysts’ expectations of $57.15 million. As a group, research analysts predict that Hudson Technologies, Inc. will post 0.37 earnings per share for the current fiscal year.

Institutional Trading of Hudson Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the company. Tudor Investment Corp ET AL bought a new position in Hudson Technologies in the 3rd quarter valued at $2,058,000. KBC Group NV bought a new position in Hudson Technologies in the 4th quarter valued at $843,000. AXQ Capital LP bought a new position in Hudson Technologies in the 4th quarter valued at $85,000. Hillsdale Investment Management Inc. boosted its holdings in Hudson Technologies by 41.9% in the 4th quarter. Hillsdale Investment Management Inc. now owns 44,000 shares of the industrial products company’s stock valued at $301,000 after purchasing an additional 13,000 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Hudson Technologies by 53,751.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 269,256 shares of the industrial products company’s stock valued at $1,844,000 after purchasing an additional 268,756 shares during the period. Institutional investors own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

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