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

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

Hudson Technologies Price Performance

Shares of HDSN stock opened at $4.92 on Monday. 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 12-month low of $4.70 and a 12-month high of $10.52. The company has a market capitalization of $206.98 million, a price-to-earnings ratio of 15.87 and a beta of 0.87.

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

Institutional Investors Weigh In On Hudson Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Hudson Technologies by 10.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 12,747 shares of the industrial products company’s stock worth $115,000 after buying an additional 1,247 shares during the last quarter. CWM LLC increased its position in shares of Hudson Technologies by 13.7% in the third quarter. CWM LLC now owns 14,102 shares of the industrial products company’s stock valued at $140,000 after acquiring an additional 1,696 shares during the last quarter. Quarry LP increased its position in shares of Hudson Technologies by 51.9% in the third quarter. Quarry LP now owns 5,281 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 1,805 shares during the last quarter. First Trust Advisors LP raised its holdings in 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 in the last quarter. Finally, Graham Capital Management L.P. boosted its position in 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 valued at $253,000 after purchasing an additional 3,256 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HDSN has been the topic of a number of research reports. 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. Canaccord Genuity Group decreased their price objective on Hudson Technologies from $9.50 to $9.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Weiss Ratings raised Hudson Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday. B. Riley Financial cut their target price on Hudson Technologies from $10.50 to $9.50 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Finally, Wall Street Zen downgraded Hudson Technologies from a “hold” rating to a “sell” rating in a research report on Saturday. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Hudson Technologies presently has an average rating of “Hold” and an average price target of $8.88.

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.