Hudson Technologies (NASDAQ:HDSN) CEO Purchases $24,450.00 in Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) CEO Kenneth Gaglione purchased 5,000 shares of Hudson Technologies stock in a transaction on Wednesday, May 13th. The stock was bought at an average price of $4.89 per share, with a total value of $24,450.00. Following the transaction, the chief executive officer owned 5,000 shares of the company’s stock, valued at approximately $24,450. This represents a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Hudson Technologies Price Performance

NASDAQ HDSN opened at $4.92 on Monday. Hudson Technologies, Inc. has a 52 week low of $4.70 and a 52 week high of $10.52. The company has a market capitalization of $206.98 million, a P/E ratio of 15.87 and a beta of 0.87. The stock’s 50-day moving average price is $5.93 and its 200-day moving average price is $6.81.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings data 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 company had revenue of $60.15 million for the quarter, compared to the consensus estimate of $57.15 million. Hudson Technologies had a net margin of 5.66% and a return on equity of 6.98%. Research analysts anticipate that Hudson Technologies, Inc. will post 0.34 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HDSN. Wall Street Zen cut shares of Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Saturday. Canaccord Genuity Group lowered their target price on shares of Hudson Technologies from $9.50 to $9.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. B. Riley Financial dropped their target price on shares of Hudson Technologies from $10.50 to $9.50 and set a “buy” rating for the company in a report on Thursday, March 5th. Weiss Ratings upgraded Hudson Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. Finally, Roth Mkm decreased their price target on Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Friday, March 6th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $8.88.

Institutional Investors Weigh In On Hudson Technologies

Several institutional investors and hedge funds have recently modified their holdings of HDSN. AQR Capital Management LLC lifted its holdings in shares of Hudson Technologies by 7.2% in the first quarter. AQR Capital Management LLC now owns 591,645 shares of the industrial products company’s stock worth $3,650,000 after buying an additional 39,654 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Hudson Technologies during the first quarter worth $97,000. Goldman Sachs Group Inc. grew its stake in 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 acquiring an additional 80,973 shares in the last quarter. Invesco Ltd. increased its holdings in Hudson Technologies by 21.5% in the 2nd quarter. Invesco Ltd. now owns 71,748 shares of the industrial products company’s stock valued at $583,000 after acquiring an additional 12,683 shares during the last quarter. Finally, Quantinno Capital Management LP increased its holdings in Hudson Technologies by 87.7% in the 2nd quarter. Quantinno Capital Management LP now owns 45,416 shares of the industrial products company’s stock valued at $369,000 after acquiring an additional 21,220 shares during the last quarter. Institutional investors 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.