Vincent P. Abbatecola Sells 10,000 Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) Director Vincent P. Abbatecola sold 10,000 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $9.20, for a total transaction of $92,000.00. Following the sale, the director now directly owns 159,341 shares of the company’s stock, valued at $1,465,937.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hudson Technologies Stock Down 1.7 %

Shares of Hudson Technologies stock opened at $8.94 on Wednesday. Hudson Technologies, Inc. has a 12 month low of $7.90 and a 12 month high of $15.24. The stock has a market cap of $406.86 million, a PE ratio of 9.12, a price-to-earnings-growth ratio of 0.41 and a beta of 1.06. The business has a fifty day simple moving average of $9.64 and a 200-day simple moving average of $11.73.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. Hudson Technologies had a return on equity of 21.59% and a net margin of 16.70%. The firm had revenue of $65.25 million during the quarter, compared to analyst estimates of $63.04 million. During the same period last year, the company posted $0.33 EPS. Analysts expect that Hudson Technologies, Inc. will post 0.74 EPS for the current fiscal year.

Institutional Trading of Hudson Technologies

Several institutional investors have recently made changes to their positions in HDSN. Vanguard Group Inc. lifted its position in Hudson Technologies by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 2,280,462 shares of the industrial products company’s stock worth $25,108,000 after buying an additional 37,158 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Hudson Technologies by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,574,769 shares of the industrial products company’s stock worth $21,243,000 after acquiring an additional 30,217 shares during the last quarter. Sixth Street Partners Management Company L.P. raised its holdings in shares of Hudson Technologies by 53.1% during the third quarter. Sixth Street Partners Management Company L.P. now owns 995,000 shares of the industrial products company’s stock worth $13,234,000 after acquiring an additional 345,000 shares in the last quarter. Foundry Partners LLC boosted its position in Hudson Technologies by 81.0% during the first quarter. Foundry Partners LLC now owns 676,098 shares of the industrial products company’s stock valued at $7,444,000 after purchasing an additional 302,529 shares during the last quarter. Finally, RK Capital Management LLC boosted its position in Hudson Technologies by 3.8% during the fourth quarter. RK Capital Management LLC now owns 498,300 shares of the industrial products company’s stock valued at $6,722,000 after purchasing an additional 18,400 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HDSN. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $10.00 price target (down previously from $15.00) on shares of Hudson Technologies in a report on Thursday, May 2nd. Craig Hallum cut their target price on Hudson Technologies from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Roth Mkm decreased their price target on Hudson Technologies from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. B. Riley dropped their price target on Hudson Technologies from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Finally, Canaccord Genuity Group lowered shares of Hudson Technologies from a “buy” rating to a “hold” rating and reduced their price objective for the company from $15.00 to $10.00 in a research note on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $12.40.

About Hudson Technologies

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.