Hudson Technologies (NASDAQ:HDSN) Director Richard Parrillo Acquires 5,000 Shares

Hudson Technologies, Inc. (NASDAQ:HDSN) Director Richard Parrillo purchased 5,000 shares of Hudson Technologies stock in a transaction on 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 acquisition, the director directly owned 25,595 shares of the company’s stock, valued at approximately $126,951.20. This represents a 24.28% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Hudson Technologies Stock Up 2.0%

Shares of Hudson Technologies stock traded up $0.10 during trading on Friday, hitting $4.94. 493,459 shares of the company were exchanged, compared to its average volume of 323,793. Hudson Technologies, Inc. has a fifty-two week low of $4.70 and a fifty-two week high of $10.52. The stock has a market capitalization of $207.62 million, a price-to-earnings ratio of 15.92 and a beta of 0.87. The firm has a 50 day moving average price of $5.98 and a 200 day moving average price of $6.84.

Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.04). The company had revenue of $60.15 million for the quarter, compared to analyst estimates of $57.15 million. Hudson Technologies had a return on equity of 6.98% and a net margin of 5.66%. Analysts predict that Hudson Technologies, Inc. will post 0.37 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. B. Riley Financial lowered their price objective on shares of Hudson Technologies from $10.50 to $9.50 and set a “buy” rating for the company in a research note on Thursday, March 5th. Wall Street Zen cut shares of Hudson Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Canaccord Genuity Group lowered their price objective on shares of Hudson Technologies from $9.50 to $9.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Roth Mkm lowered their price objective 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. Finally, Weiss Ratings raised shares of Hudson Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $8.88.

Institutional Investors Weigh In On Hudson Technologies

A number of institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC raised its stake in shares of Hudson Technologies by 10.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 12,747 shares of the industrial products company’s stock valued at $115,000 after purchasing an additional 1,247 shares in the last quarter. CWM LLC raised its stake in shares of Hudson Technologies by 13.7% in the 3rd quarter. CWM LLC now owns 14,102 shares of the industrial products company’s stock valued at $140,000 after purchasing an additional 1,696 shares in the last quarter. Quarry LP raised its stake in shares of Hudson Technologies by 51.9% in the 3rd quarter. Quarry LP now owns 5,281 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 1,805 shares in the last quarter. First Trust Advisors LP raised its stake in shares of 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 purchasing an additional 3,105 shares in the last quarter. Finally, Graham Capital Management L.P. raised its stake in shares of Hudson Technologies by 9.7% in the 4th quarter. Graham Capital Management L.P. now owns 36,985 shares of the industrial products company’s stock valued at $253,000 after purchasing an additional 3,256 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

About Hudson Technologies

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.