Loan Nguyen Mansy Acquires 5,000 Shares of Hudson Technologies (NASDAQ:HDSN) Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) Director Loan Nguyen Mansy acquired 5,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was acquired at an average cost of $4.96 per share, for a total transaction of $24,800.00. Following the completion of the purchase, the director directly owned 25,595 shares in the company, valued at $126,951.20. This trade represents a 24.28% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hudson Technologies Price Performance

Shares of Hudson Technologies stock opened at $4.92 on Friday. Hudson Technologies, Inc. has a one year low of $4.70 and a one year high of $10.52. The firm has a market capitalization of $206.98 million, a price-to-earnings ratio of 15.87 and a beta of 0.87. The business has a 50-day simple moving average of $5.93 and a 200 day simple moving average of $6.83.

Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The company 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, sell-side analysts expect that Hudson Technologies, Inc. will post 0.34 EPS for the current year.

Analysts Set New Price Targets

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

Hudson Technologies News Roundup

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

Hedge Funds Weigh In On Hudson Technologies

Institutional investors have recently modified their holdings of the business. State of Alaska Department of Revenue bought a new position in shares of Hudson Technologies in the fourth quarter valued at approximately $28,000. Nkcfo LLC bought a new position in shares of Hudson Technologies in the third quarter valued at approximately $47,000. Quarry LP grew its holdings 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 in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Hudson Technologies by 88.3% in the third quarter. BNP Paribas Financial Markets now owns 7,530 shares of the industrial products company’s stock valued at $75,000 after acquiring an additional 3,532 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Hudson Technologies by 177.6% in the second quarter. Tower Research Capital LLC TRC now owns 8,715 shares of the industrial products company’s stock valued at $71,000 after acquiring an additional 5,576 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

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.