Hudson Technologies (NASDAQ:HDSN) Director Purchases $23,765.00 in Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) Director Vincent Abbatecola bought 3,500 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were purchased at an average cost of $6.79 per share, for a total transaction of $23,765.00. Following the acquisition, the director owned 169,748 shares of the company’s stock, valued at $1,152,588.92. This represents a 2.11% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

Hudson Technologies Stock Performance

Shares of NASDAQ HDSN opened at $6.63 on Friday. The stock has a fifty day moving average price of $8.85 and a two-hundred day moving average price of $8.59. The firm has a market cap of $289.05 million, a P/E ratio of 16.58 and a beta of 0.91. Hudson Technologies, Inc. has a 1 year low of $5.11 and a 1 year high of $10.52.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings data on Wednesday, November 5th. The industrial products company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. Hudson Technologies had a return on equity of 7.26% and a net margin of 8.08%.The company had revenue of $74.01 million for the quarter, compared to the consensus estimate of $72.15 million. On average, research analysts predict that Hudson Technologies, Inc. will post 0.55 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hudson Technologies

Hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its holdings in shares of Hudson Technologies by 1.9% in the second quarter. Public Employees Retirement System of Ohio now owns 410,099 shares of the industrial products company’s stock valued at $3,330,000 after purchasing an additional 7,690 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Hudson Technologies by 49.1% during the first quarter. Goldman Sachs Group Inc. now owns 245,760 shares of the industrial products company’s stock valued at $1,516,000 after buying an additional 80,973 shares in the last quarter. Victory Capital Management Inc. raised its position in Hudson Technologies by 41.0% during the first quarter. Victory Capital Management Inc. now owns 102,308 shares of the industrial products company’s stock valued at $631,000 after buying an additional 29,756 shares during the period. GAMMA Investing LLC raised its position in Hudson Technologies by 30.5% during the second quarter. GAMMA Investing LLC now owns 6,487 shares of the industrial products company’s stock valued at $53,000 after buying an additional 1,517 shares during the period. Finally, North Star Investment Management Corp. purchased a new stake in Hudson Technologies in the 2nd quarter worth about $1,332,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Craig Hallum cut shares of Hudson Technologies from a “buy” rating to a “hold” rating and set a $9.00 price objective on the stock. in a research note on Thursday, November 6th. Wall Street Zen upgraded shares of Hudson Technologies from a “hold” rating to a “buy” rating in a report on Sunday, November 16th. Weiss Ratings restated a “hold (c)” rating on shares of Hudson Technologies in a research report on Wednesday, October 8th. Zacks Research downgraded Hudson Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Finally, Canaccord Genuity Group reduced their price objective on Hudson Technologies from $10.50 to $10.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $9.33.

About Hudson Technologies

Hudson Technologies, Inc, through its subsidiary, Hudson Technologies Company, engages in the provision of solutions to recurring problems within the refrigeration industry in the United States. The company engages in the sale of refrigerant and industrial gas; provision of refrigerant management services consisting primarily of reclamation of refrigerants, re-usable cylinder refurbishment, and hydrostatic testing services; and RefrigerantSide services comprising system decontamination and recovery to remove moisture, oils, and other contaminants.