Hudson Technologies (NASDAQ:HDSN) Director Eric Prouty Acquires 5,000 Shares

Hudson Technologies, Inc. (NASDAQ:HDSN) Director Eric Prouty bought 5,000 shares of the stock in a transaction on Wednesday, May 13th. The stock was purchased at an average price of $4.84 per share, with a total value of $24,200.00. Following the completion of the acquisition, the director directly owned 153,852 shares in the company, valued at approximately $744,643.68. This trade represents a 3.36% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Hudson Technologies Price Performance

Shares of HDSN stock traded up $0.11 during mid-day trading on Friday, hitting $4.95. The stock had a trading volume of 415,458 shares, compared to its average volume of 322,717. Hudson Technologies, Inc. has a 12-month low of $4.70 and a 12-month high of $10.52. The firm has a market capitalization of $208.04 million, a P/E ratio of 15.95 and a beta of 0.87. The firm’s 50-day moving average is $5.98 and its two-hundred day moving average is $6.84.

Hudson Technologies (NASDAQ:HDSN) last issued its earnings results 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. Analysts expect that Hudson Technologies, Inc. will post 0.37 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HDSN. Westerly Capital Management LLC increased its position in Hudson Technologies by 63.3% during the 2nd quarter. Westerly Capital Management LLC now owns 2,000,000 shares of the industrial products company’s stock valued at $16,240,000 after buying an additional 775,000 shares in the last quarter. Marshall Wace LLP increased its position in Hudson Technologies by 270.4% during the 4th quarter. Marshall Wace LLP now owns 465,130 shares of the industrial products company’s stock valued at $3,186,000 after buying an additional 339,543 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Hudson Technologies by 53,751.2% during 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 buying an additional 268,756 shares in the last quarter. Tudor Investment Corp ET AL acquired a new position in Hudson Technologies during the 3rd quarter valued at about $2,058,000. Finally, Segall Bryant & Hamill LLC acquired a new position in Hudson Technologies during the 4th quarter valued at about $1,235,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on HDSN shares. Wall Street Zen lowered Hudson Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Weiss Ratings raised Hudson Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday. 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. 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. Finally, Roth Mkm reduced their price target 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. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.