Hudson Technologies (NASDAQ:HDSN) Major Shareholder Purchases $1,694,092.68 in Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp acquired 288,111 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was purchased at an average cost of $5.88 per share, with a total value of $1,694,092.68. Following the acquisition, the insider directly owned 4,700,000 shares of the company’s stock, valued at $27,636,000. This represents a 6.53% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Hartree Partners, Lp also recently made the following trade(s):

• On Thursday, July 2nd, Hartree Partners, Lp purchased 271,302 shares of Hudson Technologies stock. The shares were purchased at an average price of $5.97 per share, with a total value of $1,619,672.94.
• On Tuesday, June 30th, Hartree Partners, Lp acquired 204,789 shares of Hudson Technologies stock. The stock was purchased at an average price of $5.68 per share, for a total transaction of $1,163,201.52.

Hudson Technologies Trading Up 5.6%

HDSN traded up $0.32 on Thursday, hitting $5.99. 744,521 shares of the company’s stock were exchanged, compared to its average volume of 384,614. Hudson Technologies, Inc. has a fifty-two week low of $4.64 and a fifty-two week high of $10.52. The stock has a market cap of $252.00 million, a price-to-earnings ratio of 19.32 and a beta of 0.78. The firm has a 50-day moving average price of $5.56 and a 200-day moving average price of $6.35.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The business had revenue of $60.15 million for the quarter, compared to analyst estimates of $57.15 million. Hudson Technologies had a return on equity of 6.98% and a net margin of 5.66%. On average, equities analysts predict that Hudson Technologies, Inc. will post 0.34 EPS for the current year.

Institutional Investors Weigh In On Hudson Technologies

A number of large investors have recently added to or reduced their stakes in HDSN. State of Alaska Department of Revenue bought a new position in Hudson Technologies during the 4th quarter valued at $28,000. Quarry LP lifted its position in shares of Hudson Technologies by 51.9% during the third quarter. Quarry LP now owns 5,281 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 1,805 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new stake in Hudson Technologies during the fourth quarter valued at approximately $62,000. Tower Research Capital LLC TRC lifted its holdings in Hudson Technologies by 177.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,715 shares of the industrial products company’s stock worth $71,000 after buying an additional 5,576 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of 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 worth $75,000 after acquiring an additional 3,532 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on HDSN shares. Canaccord Genuity Group lowered their target price on shares of Hudson Technologies from $9.50 to $9.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Weiss Ratings cut Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 28th. Roth Mkm decreased their target price on Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Friday, March 6th. Wall Street Zen lowered shares of Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, B. Riley Financial lowered their price objective on shares of Hudson Technologies from $10.50 to $9.50 and set a “buy” rating for the company in a research note on Thursday, March 5th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company 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.