Hudson Technologies, Inc. (NASDAQ:HDSN) Director Vincent P. Abbatecola Acquires 2,500 Shares

Hudson Technologies, Inc. (NASDAQ:HDSN) Director Vincent P. Abbatecola purchased 2,500 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were acquired at an average cost of $5.98 per share, for a total transaction of $14,950.00. Following the completion of the transaction, the director now owns 161,841 shares of the company’s stock, valued at $967,809.18. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hudson Technologies Trading Up 4.4 %

Shares of Hudson Technologies stock opened at $5.98 on Wednesday. The firm has a market capitalization of $270.30 million, a PE ratio of 9.20, a price-to-earnings-growth ratio of 0.33 and a beta of 1.22. The firm’s 50 day moving average is $7.71 and its 200 day moving average is $8.41. Hudson Technologies, Inc. has a 1 year low of $5.35 and a 1 year high of $15.24.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. The company had revenue of $61.94 million for the quarter, compared to analyst estimates of $64.92 million. Hudson Technologies had a net margin of 12.49% and a return on equity of 12.74%. During the same period in the previous year, the firm posted $0.34 EPS. As a group, research analysts anticipate that Hudson Technologies, Inc. will post 0.57 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Canaccord Genuity Group lowered their price target on shares of Hudson Technologies from $8.75 to $8.00 and set a “hold” rating on the stock in a research report on Tuesday, November 5th. B. Riley reaffirmed a “neutral” rating and set a $7.25 price target (down from $8.50) on shares of Hudson Technologies in a research report on Tuesday, November 5th. Craig Hallum lowered shares of Hudson Technologies from a “buy” rating to a “hold” rating and decreased their target price for the company from $10.00 to $7.00 in a report on Tuesday, November 5th. Roth Capital lowered shares of Hudson Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, Roth Mkm lowered shares of Hudson Technologies from a “buy” rating to a “neutral” rating and decreased their target price for the company from $12.00 to $7.00 in a report on Tuesday, November 5th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $7.85.

Institutional Investors Weigh In On Hudson Technologies

Several hedge funds have recently added to or reduced their stakes in the business. Intech Investment Management LLC acquired a new stake in Hudson Technologies during the 3rd quarter worth approximately $88,000. Quest Partners LLC boosted its position in Hudson Technologies by 516.8% during the 3rd quarter. Quest Partners LLC now owns 48,758 shares of the industrial products company’s stock worth $407,000 after buying an additional 40,853 shares during the period. Seizert Capital Partners LLC boosted its position in Hudson Technologies by 56.1% during the 3rd quarter. Seizert Capital Partners LLC now owns 40,122 shares of the industrial products company’s stock worth $335,000 after buying an additional 14,422 shares during the period. Aigen Investment Management LP acquired a new stake in Hudson Technologies during the 3rd quarter worth approximately $132,000. Finally, New South Capital Management Inc. boosted its position in Hudson Technologies by 2.1% during the 3rd quarter. New South Capital Management Inc. now owns 1,343,172 shares of the industrial products company’s stock worth $11,202,000 after buying an additional 27,576 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

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.