Hudson Technologies (NASDAQ:HDSN) Director Richard Parrillo Buys 5,000 Shares of Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) Director Richard Parrillo bought 5,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were bought at an average price of $4.96 per share, with a total value of $24,800.00. Following the purchase, the director owned 25,595 shares in the company, valued at $126,951.20. The trade was a 24.28% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hudson Technologies Price Performance

Shares of NASDAQ HDSN opened at $4.92 on Friday. The stock’s fifty day moving average price is $5.93 and its two-hundred day moving average price is $6.83. Hudson Technologies, Inc. has a one year low of $4.70 and a one year high of $10.52. The firm has a market cap of $206.98 million, a price-to-earnings ratio of 15.87 and a beta of 0.87.

Hudson Technologies (NASDAQ:HDSN) last issued 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). Hudson Technologies had a net margin of 5.66% and a return on equity of 6.98%. The firm had revenue of $60.15 million during the quarter, compared to analyst estimates of $57.15 million. On average, equities analysts anticipate that Hudson Technologies, Inc. will post 0.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hudson Technologies

A number of large investors have recently bought and sold shares of the company. Westerly Capital Management LLC grew its stake in Hudson Technologies by 34.9% during the fourth quarter. Westerly Capital Management LLC now owns 2,550,000 shares of the industrial products company’s stock worth $17,468,000 after buying an additional 660,000 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Hudson Technologies by 5.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,148,311 shares of the industrial products company’s stock worth $12,631,000 after buying an additional 105,160 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Hudson Technologies by 7.2% during the 1st 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. Marshall Wace LLP boosted its stake in Hudson Technologies by 270.4% in the fourth quarter. Marshall Wace LLP now owns 465,130 shares of the industrial products company’s stock valued at $3,186,000 after buying an additional 339,543 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its stake in Hudson Technologies by 65.6% in the fourth quarter. Lazard Asset Management LLC now owns 431,769 shares of the industrial products company’s stock valued at $2,958,000 after buying an additional 170,964 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.