Hudson Technologies (NASDAQ:HDSN) Director Alan Sheriff Acquires 5,200 Shares

Hudson Technologies, Inc. (NASDAQ:HDSN) Director Alan Sheriff purchased 5,200 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was bought at an average cost of $4.88 per share, for a total transaction of $25,376.00. Following the completion of the purchase, the director directly owned 9,265 shares of the company’s stock, valued at $45,213.20. The trade was a 127.92% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Hudson Technologies Stock Up 1.7%

NASDAQ HDSN opened at $4.92 on Friday. The stock has a market capitalization of $206.98 million, a PE ratio of 15.87 and a beta of 0.87. The company has a 50 day moving average price of $5.93 and a two-hundred day moving average price of $6.83. Hudson Technologies, Inc. has a 12-month low of $4.70 and a 12-month high of $10.52.

Hudson Technologies (NASDAQ:HDSN) last posted its 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 business had revenue of $60.15 million during the quarter, compared to analyst estimates of $57.15 million. Hudson Technologies had a net margin of 5.66% and a return on equity of 6.98%. As a group, equities analysts anticipate that Hudson Technologies, Inc. will post 0.37 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on HDSN shares. Roth Mkm reduced their target price on shares of Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Friday, March 6th. B. Riley Financial lowered their price objective on Hudson Technologies from $10.50 to $9.50 and set a “buy” rating on the stock 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 lowered their price objective on Hudson Technologies from $9.50 to $9.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Finally, Weiss Ratings raised Hudson Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $8.88.

Hedge Funds Weigh In On Hudson Technologies

Large investors have recently added to or reduced their stakes in the company. First Trust Advisors LP raised its holdings in Hudson Technologies by 2.2% in the 1st quarter. First Trust Advisors LP now owns 145,083 shares of the industrial products company’s stock valued at $853,000 after acquiring an additional 3,105 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Hudson Technologies by 5.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,148,311 shares of the industrial products company’s stock valued at $12,631,000 after acquiring an additional 105,160 shares in the last quarter. Fifth Third Bancorp acquired a new position in Hudson Technologies in the 1st quarter valued at approximately $179,000. Sequoia Financial Advisors LLC acquired a new position in Hudson Technologies in the 1st quarter valued at approximately $82,000. Finally, Inspire Investing LLC raised its holdings in Hudson Technologies by 28.4% in the 1st quarter. Inspire Investing LLC now owns 88,086 shares of the industrial products company’s stock valued at $518,000 after acquiring an additional 19,503 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

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.