New York State Teachers Retirement System Invests $27,000 in Hudson Technologies, Inc. (NASDAQ:HDSN)

New York State Teachers Retirement System bought a new position in Hudson Technologies, Inc. (NASDAQ:HDSN – Get Rating) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 3,700 shares of the industrial products company’s stock, valued at approximately $27,000.

Other institutional investors have also recently made changes to their positions in the company. Financial Management Professionals Inc. bought a new position in shares of Hudson Technologies in the 3rd quarter worth approximately $25,000. Legal & General Group Plc bought a new position in shares of Hudson Technologies in the 2nd quarter worth approximately $35,000. JPMorgan Chase & Co. bought a new position in Hudson Technologies during the 1st quarter valued at approximately $46,000. Denali Advisors LLC purchased a new position in Hudson Technologies during the second quarter valued at $47,000. Finally, Lazard Asset Management LLC purchased a new position in Hudson Technologies during the first quarter valued at $51,000. Institutional investors own 62.94% of the company’s stock.

Insider Buying and Selling

In related news, VP Kenneth Gaglione sold 19,000 shares of Hudson Technologies stock in a transaction on Monday, December 12th. The stock was sold at an average price of $11.53, for a total value of $219,070.00. Following the completion of the sale, the vice president now owns 3,207 shares of the company’s stock, valued at $36,976.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Hudson Technologies news, CFO Nat Krishnamurti sold 45,000 shares of the business’s stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $10.66, for a total transaction of $479,700.00. Following the completion of the sale, the chief financial officer now owns 71,401 shares of the company’s stock, valued at $761,134.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kenneth Gaglione sold 19,000 shares of the business’s stock in a transaction dated Monday, December 12th. The shares were sold at an average price of $11.53, for a total value of $219,070.00. Following the sale, the vice president now directly owns 3,207 shares of the company’s stock, valued at approximately $36,976.71. The disclosure for this sale can be found here. 10.00% of the stock is currently owned by corporate insiders.

Hudson Technologies Stock Up 2.7 %

HDSN stock opened at $9.94 on Friday. Hudson Technologies, Inc. has a 1-year low of $3.11 and a 1-year high of $12.46. The business has a fifty day moving average price of $10.59 and a 200-day moving average price of $9.25. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.26 and a quick ratio of 1.23. The stock has a market capitalization of $450.16 million, a P/E ratio of 4.48, a P/E/G ratio of 0.24 and a beta of 1.49.

Hudson Technologies (NASDAQ:HDSN – Get Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The industrial products company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.27. Hudson Technologies had a return on equity of 74.90% and a net margin of 33.25%. The firm had revenue of $89.50 million during the quarter, compared to analysts’ expectations of $78.00 million. Equities analysts forecast that Hudson Technologies, Inc. will post 1.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. StockNews.com assumed coverage on Hudson Technologies in a research note on Wednesday, October 12th. They set a “hold” rating for the company. EF Hutton Acquisition Co. I lifted their price objective on Hudson Technologies from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Thursday, November 3rd.

About Hudson Technologies

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Hudson Technologies, Inc operates as a refrigerant services company, which provides solutions to recurring problems within the refrigeration industry. Its products and services are used in commercial air conditioning, industrial processing, and refrigeration systems, which include refrigerant sales, refrigerant management services consisting primarily of reclamation of refrigerants, and Refrigerant Side services performed at the customer’s site to remove moisture, oils and other contaminants.