Insider Buying: Hudson Technologies, Inc. (HDSN) Director Buys 2,000 Shares of Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) Director Vincent P. Abbatecola bought 2,000 shares of the company’s stock in a transaction dated Sunday, December 17th. The shares were purchased at an average price of $5.76 per share, with a total value of $11,520.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) traded down $0.02 during trading on Tuesday, hitting $5.70. The company had a trading volume of 304,211 shares, compared to its average volume of 611,028. Hudson Technologies, Inc. has a twelve month low of $5.40 and a twelve month high of $10.40. The firm has a market capitalization of $240.47, a PE ratio of 16.34, a PEG ratio of 0.78 and a beta of 1.06.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. Hudson Technologies had a return on equity of 12.58% and a net margin of 11.69%. The business had revenue of $24.70 million during the quarter, compared to analysts’ expectations of $25.00 million. During the same period in the previous year, the firm earned $0.14 earnings per share. The firm’s quarterly revenue was down 29.2% compared to the same quarter last year. equities analysts predict that Hudson Technologies, Inc. will post 0.3 EPS for the current year.

Several institutional investors have recently made changes to their positions in HDSN. Vanguard Group Inc. grew its stake in shares of Hudson Technologies by 12.5% during the first quarter. Vanguard Group Inc. now owns 1,257,194 shares of the industrial products company’s stock worth $8,297,000 after purchasing an additional 139,235 shares during the period. Geode Capital Management LLC grew its stake in Hudson Technologies by 4.0% in the first quarter. Geode Capital Management LLC now owns 227,825 shares of the industrial products company’s stock valued at $1,503,000 after acquiring an additional 8,805 shares during the period. Dimensional Fund Advisors LP grew its stake in Hudson Technologies by 33.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,442,918 shares of the industrial products company’s stock valued at $9,523,000 after acquiring an additional 363,346 shares during the period. Municipal Employees Retirement System of Michigan acquired a new position in Hudson Technologies in the second quarter valued at about $339,000. Finally, Trexquant Investment LP acquired a new position in Hudson Technologies in the second quarter valued at about $143,000. 76.04% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently commented on HDSN. B. Riley reaffirmed a “hold” rating and set a $7.50 price objective on shares of Hudson Technologies in a research note on Tuesday, November 7th. Roth Capital set a $11.00 price objective on Hudson Technologies and gave the stock a “buy” rating in a research note on Thursday, October 5th. ValuEngine cut Hudson Technologies from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Zacks Investment Research cut Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $9.25.

ILLEGAL ACTIVITY WARNING: This news story was reported by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States and international trademark and copyright laws. The legal version of this news story can be viewed at https://sportsperspectives.com/2017/12/19/insider-buying-hudson-technologies-inc-hdsn-director-buys-2000-shares-of-stock.html.

About Hudson Technologies

Hudson Technologies, Inc is a refrigerant services company. The Company’s products and services are primarily used in commercial air conditioning, industrial processing and refrigeration systems, and include refrigerant and industrial gas sales, refrigerant management services consisting primarily of reclamation of refrigerants and RefrigerantSide Services performed at a customer’s site, consisting of system decontamination to remove moisture, oils and other contaminants.

Receive News & Ratings for Hudson Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudson Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply