Insider Buying: Hudson Technologies (NASDAQ:HDSN) Director Acquires $24,200.00 in Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) Director Eric Prouty bought 5,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average price of $4.84 per share, for a total transaction of $24,200.00. Following the transaction, the director directly owned 153,852 shares in the company, valued at approximately $744,643.68. This represents a 3.36% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Hudson Technologies Stock Performance

Shares of NASDAQ HDSN opened at $4.92 on Monday. The firm has a market cap of $206.98 million, a PE ratio of 15.87 and a beta of 0.87. The firm has a fifty day moving average of $5.93 and a 200 day moving average of $6.81. Hudson Technologies, Inc. has a one year low of $4.70 and a one year high of $10.52.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.04). Hudson Technologies had a net margin of 5.66% and a return on equity of 6.98%. The company had revenue of $60.15 million for the quarter, compared to analysts’ expectations of $57.15 million. On average, equities analysts predict that Hudson Technologies, Inc. will post 0.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Hudson Technologies

A number of large investors have recently made changes to their positions in HDSN. State of Alaska Department of Revenue acquired a new stake in shares of Hudson Technologies in the fourth quarter valued at approximately $28,000. Nkcfo LLC purchased a new position in Hudson Technologies during the third quarter worth approximately $47,000. Quarry LP boosted its stake in 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 buying an additional 1,805 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new position in Hudson Technologies during the fourth quarter worth $62,000. Finally, Tower Research Capital LLC TRC grew its holdings in Hudson Technologies by 177.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,715 shares of the industrial products company’s stock valued at $71,000 after buying an additional 5,576 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on HDSN. Roth Mkm cut their price objective on Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Friday, March 6th. Wall Street Zen lowered Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Saturday. B. Riley Financial dropped 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 report on Wednesday. Finally, Canaccord Genuity Group dropped their target price on shares of Hudson Technologies from $9.50 to $9.00 and set a “buy” rating for the company in a 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 stock. According to MarketBeat, the stock presently has an average 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.