Hudson Technologies, Inc. $HDSN Shares Bought by Northwestern Mutual Wealth Management Co.

Key Points

• Northwestern Mutual Wealth Management dramatically increased its Hudson Technologies stake in Q4, buying 268,756 additional shares and lifting its holdings to 269,256 shares worth about $1.84 million.
• Hudson Technologies beat revenue expectations in its latest quarterly report with $60.15 million in sales, but earnings came in below forecasts at $0.01 per share versus the expected $0.05.
• Insiders have been buying shares, with directors Jeffrey R. Feeler and Alan Sheriff making recent purchases; the stock also has a mixed analyst view with a consensus rating of Hold and an average price target of $8.88.

Northwestern Mutual Wealth Management Co. raised its position in Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) by 53,751.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 269,256 shares of the industrial products company's stock after purchasing an additional 268,756 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 0.63% of Hudson Technologies worth $1,844,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. State of Alaska Department of Revenue acquired a new position in Hudson Technologies in the 4th quarter valued at about $28,000. Nkcfo LLC acquired a new position in Hudson Technologies in the 3rd quarter valued at about $47,000. Quarry LP boosted its holdings in Hudson Technologies by 51.9% in the 3rd quarter. Quarry LP now owns 5,281 shares of the industrial products company's stock valued at $52,000 after purchasing an additional 1,805 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Hudson Technologies by 177.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,715 shares of the industrial products company's stock valued at $71,000 after purchasing an additional 5,576 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in Hudson Technologies by 88.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,530 shares of the industrial products company's stock valued at $75,000 after purchasing an additional 3,532 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Hudson Technologies Stock Up 5.7%

Shares of HDSN opened at $5.42 on Thursday. Hudson Technologies, Inc. has a fifty-two week low of $4.64 and a fifty-two week high of $10.52. The firm's 50 day moving average price is $5.79 and its 200 day moving average price is $6.61. The company has a market cap of $228.02 million, a P/E ratio of 17.48 and a beta of 0.87.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last announced its earnings results on Wednesday, May 6th. The industrial products company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.04). Hudson Technologies had a return on equity of 6.98% and a net margin of 5.66%.The business had revenue of $60.15 million for the quarter, compared to analysts' expectations of $57.15 million. Research analysts forecast that Hudson Technologies, Inc. will post 0.34 earnings per share for the current year.

Insider Activity at Hudson Technologies

In other Hudson Technologies news, Director Jeffrey R. Feeler bought 5,100 shares of the business's stock in a transaction that occurred on Thursday, May 14th. The shares were purchased at an average cost of $4.92 per share, with a total value of $25,092.00. Following the purchase, the director directly owned 9,165 shares in the company, valued at approximately $45,091.80. This represents a 125.46% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Alan Sheriff purchased 5,200 shares of the stock in a transaction on Wednesday, May 13th. The shares were purchased at an average price of $4.88 per share, with a total value of $25,376.00. Following the acquisition, the director directly owned 9,265 shares in the company, valued at $45,213.20. This represents a 127.92% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have purchased 32,850 shares of company stock worth $161,120. 1.90% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on HDSN. Weiss Ratings upgraded shares of Hudson Technologies from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, May 13th. Wall Street Zen lowered shares of Hudson Technologies from a "hold" rating to a "sell" rating in a report on Saturday, May 16th. Roth Mkm decreased their target price on shares of Hudson Technologies from $9.00 to $8.00 and set a "neutral" rating on the stock in a report on Friday, March 6th. Canaccord Genuity Group decreased their target price on shares of Hudson Technologies from $9.50 to $9.00 and set a "buy" rating on the stock in a report on Thursday, May 7th. Finally, B. Riley Financial reduced their price target on shares of Hudson Technologies from $10.50 to $9.50 and set a "buy" rating on the stock in a research note on Thursday, March 5th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Hudson Technologies has an average rating of "Hold" and a consensus price target of $8.88.

About Hudson Technologies

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.

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