Alan Sheriff Buys 5,200 Shares of Hudson Technologies (NASDAQ:HDSN) Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) Director Alan Sheriff purchased 5,200 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was bought at an average price of $4.88 per share, with a total value of $25,376.00. Following the transaction, the director directly owned 9,265 shares in the company, valued at $45,213.20. This trade represents a 127.92% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Hudson Technologies Stock Up 1.7%

NASDAQ:HDSN opened at $4.92 on Friday. Hudson Technologies, Inc. has a 1-year low of $4.70 and a 1-year high of $10.52. The firm has a market capitalization of $206.98 million, a price-to-earnings ratio of 15.87 and a beta of 0.87. The stock has a fifty day simple moving average of $5.93 and a 200 day simple moving average of $6.83.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). Hudson Technologies had a net margin of 5.66% and a return on equity of 6.98%. The company had revenue of $60.15 million during the quarter, compared to analyst estimates of $57.15 million. Equities analysts predict that Hudson Technologies, Inc. will post 0.34 earnings per share for the current year.

Hudson Technologies News Summary

Here are the key news stories impacting Hudson Technologies this week:

• Positive Sentiment: Multiple insiders, including the CEO and several directors, bought shares in open-market transactions, a strong signal of management confidence in Hudson Technologies’ outlook. Insider Buying: Hudson Technologies (NASDAQ:HDSN) Director Acquires 5,000 Shares of Stock
• Neutral Sentiment: Hudson Technologies’ Q1 earnings were mixed: revenue beat expectations, but earnings per share missed estimates, leaving the market with an unclear fundamental picture. Hudson Technologies stock and earnings data
• Negative Sentiment: Sentiment from analysts remains cautious overall, with Wall Street Zen recently downgrading HDSN to “sell,” adding pressure even as insiders bought shares. Hudson Technologies Downgraded to Sell Rating by Wall Street Zen

Institutional Investors Weigh In On Hudson Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in HDSN. State of Alaska Department of Revenue purchased a new stake in shares of Hudson Technologies during the 4th quarter worth about $28,000. Nkcfo LLC bought a new position in shares of Hudson Technologies in the 3rd quarter valued at approximately $47,000. 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 acquiring an additional 1,805 shares in the last quarter. Kemnay Advisory Services Inc. bought a new position in shares of Hudson Technologies in the 4th quarter valued at approximately $62,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Hudson Technologies by 177.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,715 shares of the industrial products company’s stock valued at $71,000 after acquiring an additional 5,576 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on HDSN shares. B. Riley Financial decreased 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. Weiss Ratings upgraded Hudson Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday. Wall Street Zen lowered Hudson Technologies from a “hold” rating to a “sell” rating in a research report on Saturday. Canaccord Genuity Group decreased 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. Finally, Roth Mkm decreased 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. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average 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.