Hudson Technologies, Inc. $HDSN Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. boosted its position in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) by 53,751.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 269,256 shares of the industrial products company’s stock after acquiring an additional 268,756 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Hudson Technologies were worth $1,844,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HDSN. State of Alaska Department of Revenue acquired a new position in Hudson Technologies during the 4th quarter worth approximately $28,000. Nkcfo LLC acquired a new position in shares of Hudson Technologies in the 3rd quarter valued at $47,000. Quarry LP boosted its holdings 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 buying an additional 1,805 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings 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 buying an additional 5,576 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Hudson Technologies by 88.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,530 shares of the industrial products company’s stock valued at $75,000 after buying an additional 3,532 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Hudson Technologies Stock Performance

Shares of Hudson Technologies stock opened at $5.42 on Thursday. The company has a market cap of $228.02 million, a P/E ratio of 17.48 and a beta of 0.87. Hudson Technologies, Inc. has a one year low of $4.64 and a one year high of $10.52. The firm has a fifty day moving average of $5.79 and a two-hundred day moving average of $6.61.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HDSN. Canaccord Genuity Group lowered their target price on shares of Hudson Technologies from $9.50 to $9.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Roth Mkm lowered their target price on shares of Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Friday, March 6th. Weiss Ratings upgraded shares of Hudson Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. B. Riley Financial lowered 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. Finally, Wall Street Zen cut shares of Hudson Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Hudson Technologies has a consensus rating of “Hold” and a consensus price target of $8.88.

Insiders Place Their Bets

In other news, Director Jeffrey R. Feeler acquired 5,100 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was bought at an average price of $4.92 per share, for a total transaction of $25,092.00. Following the transaction, the director owned 9,165 shares in the company, valued at $45,091.80. This represents a 125.46% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Alan Sheriff acquired 5,200 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were purchased at an average price of $4.88 per share, with a total value of $25,376.00. Following the transaction, the director owned 9,265 shares in the company, valued at $45,213.20. The trade was a 127.92% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have acquired 32,850 shares of company stock valued at $161,120. 1.90% of the stock is owned by insiders.

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.