Hudson Technologies, Inc. (NASDAQ:HDSN) Director Purchases $14,950.00 in Stock

Hudson Technologies, Inc. (NASDAQ:HDSN - Get Free Report) Director Vincent P. Abbatecola acquired 2,500 shares of the company's stock in a transaction dated Thursday, November 7th. The shares were acquired at an average price of $5.98 per share, for a total transaction of $14,950.00. Following the completion of the purchase, the director now owns 161,841 shares of the company's stock, valued at approximately $967,809.18. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Hudson Technologies Trading Up 4.4 %

Shares of HDSN traded up $0.25 during trading hours on Tuesday, reaching $5.98. The stock had a trading volume of 2,220,389 shares, compared to its average volume of 500,418. The company has a market capitalization of $272.22 million, a price-to-earnings ratio of 8.95, a P/E/G ratio of 0.34 and a beta of 1.22. Hudson Technologies, Inc. has a 12 month low of $5.35 and a 12 month high of $15.24. The firm has a 50-day simple moving average of $7.75 and a 200 day simple moving average of $8.44.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.01. Hudson Technologies had a return on equity of 12.94% and a net margin of 12.49%. The company had revenue of $61.94 million during the quarter, compared to analyst estimates of $64.92 million. During the same period in the prior year, the company earned $0.34 earnings per share. On average, equities analysts forecast that Hudson Technologies, Inc. will post 0.57 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HDSN. New South Capital Management Inc. acquired a new stake in shares of Hudson Technologies in the second quarter valued at approximately $11,564,000. Lazard Asset Management LLC bought a new stake in Hudson Technologies in the first quarter valued at about $4,549,000. Dimensional Fund Advisors LP lifted its position in shares of Hudson Technologies by 22.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,019,067 shares of the industrial products company's stock worth $17,747,000 after purchasing an additional 364,117 shares in the last quarter. Foundry Partners LLC raised its holdings in Hudson Technologies by 81.0% in the first quarter. Foundry Partners LLC now owns 676,098 shares of the industrial products company's stock worth $7,444,000 after purchasing an additional 302,529 shares during the period. Finally, Sixth Street Partners Management Company L.P. increased its position in shares of Hudson Technologies by 30.0% during the second quarter. Sixth Street Partners Management Company L.P. now owns 1,300,000 shares of the industrial products company's stock worth $11,427,000 after acquiring an additional 300,000 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on HDSN. Roth Mkm downgraded shares of Hudson Technologies from a "buy" rating to a "neutral" rating and dropped their target price for the company from $12.00 to $7.00 in a report on Tuesday, November 5th. B. Riley reiterated a "neutral" rating and set a $7.25 price objective (down previously from $8.50) on shares of Hudson Technologies in a report on Tuesday, November 5th. Craig Hallum downgraded Hudson Technologies from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $10.00 to $7.00 in a research report on Tuesday, November 5th. Roth Capital cut Hudson Technologies from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, November 5th. Finally, Canaccord Genuity Group lowered their price target on Hudson Technologies from $8.75 to $8.00 and set a "hold" rating for the company in a research report on Tuesday, November 5th. Six analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $7.85.

Hudson Technologies Company Profile

Hudson Technologies, Inc, through its subsidiary, Hudson Technologies Company, engages in the provision of solutions to recurring problems within the refrigeration industry in the United States. The company engages in the sale of refrigerant and industrial gas; provision of refrigerant management services consisting primarily of reclamation of refrigerants, re-usable cylinder refurbishment, and hydrostatic testing services; and RefrigerantSide services comprising system decontamination and recovery to remove moisture, oils, and other contaminants.