Hudson Technologies (NASDAQ:HDSN) Director Purchases $24,800.00 in Stock

Hudson Technologies, Inc. (NASDAQ:HDSNGet Free Report) Director Loan Nguyen Mansy acquired 5,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were purchased at an average price of $4.96 per share, with a total value of $24,800.00. Following the completion of the purchase, the director owned 25,595 shares in the company, valued at $126,951.20. This represents a 24.28% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Hudson Technologies Trading Up 2.0%

NASDAQ:HDSN traded up $0.10 during trading hours on Friday, hitting $4.94. 493,459 shares of the stock were exchanged, compared to its average volume of 323,793. The firm’s fifty day moving average price is $5.98 and its 200 day moving average price is $6.84. The company has a market cap of $207.62 million, a P/E ratio of 15.92 and a beta of 0.87. Hudson Technologies, Inc. has a 52-week low of $4.70 and a 52-week high of $10.52.

Hudson Technologies (NASDAQ:HDSNGet Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The company had revenue of $60.15 million during the quarter, compared to analysts’ expectations of $57.15 million. Hudson Technologies had a net margin of 5.66% and a return on equity of 6.98%. Equities analysts expect that Hudson Technologies, Inc. will post 0.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on HDSN shares. Canaccord Genuity Group lowered their price objective 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. B. Riley Financial lowered their price objective 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. Roth Mkm lowered their price objective on Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Friday, March 6th. Weiss Ratings upgraded Hudson Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday. Finally, Wall Street Zen lowered Hudson Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $8.88.

Get Our Latest Stock Analysis on Hudson Technologies

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Tudor Investment Corp ET AL acquired a new position in Hudson Technologies during the third quarter worth $2,058,000. KBC Group NV acquired a new position in Hudson Technologies during the fourth quarter worth $843,000. Northwestern Mutual Wealth Management Co. lifted its stake in Hudson Technologies by 53,751.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 269,256 shares of the industrial products company’s stock worth $1,844,000 after purchasing an additional 268,756 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its stake in Hudson Technologies by 14.3% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 118,406 shares of the industrial products company’s stock worth $811,000 after purchasing an additional 14,826 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in Hudson Technologies during the fourth quarter worth $28,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

About Hudson Technologies

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Hudson Technologies (NASDAQ:HDSN)

Receive News & Ratings for Hudson Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudson Technologies and related companies with MarketBeat.com's FREE daily email newsletter.