Hudson Technologies (NASDAQ:HDSN) Director Eric Prouty Acquires 5,000 Shares of Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) Director Eric Prouty acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were bought at an average price of $4.84 per share, for a total transaction of $24,200.00. Following the acquisition, the director directly owned 153,852 shares of the company’s stock, valued at approximately $744,643.68. This trade represents a 3.36% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Hudson Technologies Trading Up 1.7%

NASDAQ HDSN opened at $4.92 on Friday. The company has a fifty day simple moving average of $5.93 and a 200 day simple moving average of $6.83. Hudson Technologies, Inc. has a 12-month low of $4.70 and a 12-month high of $10.52. The company has a market cap of $206.98 million, a P/E ratio of 15.87 and a beta of 0.87.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings results 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). Hudson Technologies had a net margin of 5.66% and a return on equity of 6.98%. The business had revenue of $60.15 million during the quarter, compared to analyst estimates of $57.15 million. Sell-side analysts predict that Hudson Technologies, Inc. will post 0.37 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue purchased a new position in Hudson Technologies during the fourth quarter worth about $28,000. Nkcfo LLC purchased a new position in Hudson Technologies during the third quarter worth about $47,000. Quarry LP boosted its holdings in Hudson Technologies by 51.9% during the third quarter. Quarry LP now owns 5,281 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 1,805 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Hudson Technologies by 88.3% during the third quarter. BNP Paribas Financial Markets now owns 7,530 shares of the industrial products company’s stock worth $75,000 after purchasing an additional 3,532 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Hudson Technologies by 177.6% during the second quarter. Tower Research Capital LLC TRC now owns 8,715 shares of the industrial products company’s stock worth $71,000 after purchasing an additional 5,576 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.