Insider Buying: Hudson Technologies (NASDAQ:HDSN) Major Shareholder Purchases 5,198 Shares of Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp bought 5,198 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was purchased at an average cost of $5.50 per share, for a total transaction of $28,589.00. Following the completion of the transaction, the insider directly owned 5,099,388 shares in the company, valued at approximately $28,046,634. This trade represents a 0.10% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, July 29th, Hartree Partners, Lp purchased 52,104 shares of Hudson Technologies stock. The shares were purchased at an average cost of $5.99 per share, with a total value of $312,102.96.
• On Tuesday, July 21st, Hartree Partners, Lp acquired 47,708 shares of Hudson Technologies stock. The stock was purchased at an average price of $5.99 per share, for a total transaction of $285,770.92.
• On Monday, July 20th, Hartree Partners, Lp acquired 17,842 shares of Hudson Technologies stock. The stock was purchased at an average cost of $5.99 per share, for a total transaction of $106,873.58.
• On Tuesday, July 7th, Hartree Partners, Lp bought 600 shares of Hudson Technologies stock. The shares were acquired at an average cost of $5.99 per share, with a total value of $3,594.00.
• On Monday, July 6th, Hartree Partners, Lp purchased 4,634 shares of Hudson Technologies stock. The stock was acquired at an average price of $5.99 per share, for a total transaction of $27,757.66.
• On Thursday, July 2nd, Hartree Partners, Lp bought 271,302 shares of Hudson Technologies stock. The stock was acquired at an average cost of $5.97 per share, for a total transaction of $1,619,672.94.
• On Wednesday, July 1st, Hartree Partners, Lp purchased 288,111 shares of Hudson Technologies stock. The shares were acquired at an average cost of $5.88 per share, with a total value of $1,694,092.68.
• On Tuesday, June 30th, Hartree Partners, Lp acquired 204,789 shares of Hudson Technologies stock. The shares were bought at an average price of $5.68 per share, for a total transaction of $1,163,201.52.

Hudson Technologies Stock Performance

Shares of HDSN stock traded up $0.01 during trading hours on Friday, reaching $5.67. The company had a trading volume of 289,662 shares, compared to its average volume of 408,904. The company has a market capitalization of $238.65 million, a P/E ratio of 28.35 and a beta of 0.78. Hudson Technologies, Inc. has a twelve month low of $4.64 and a twelve month high of $10.52. The stock’s fifty day simple moving average is $5.91 and its 200 day simple moving average is $6.12.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.06). Hudson Technologies had a return on equity of 4.93% and a net margin of 3.51%.The company had revenue of $78.35 million during the quarter, compared to analysts’ expectations of $74.20 million. As a group, equities analysts expect that Hudson Technologies, Inc. will post 0.17 earnings per share for the current year.

Hedge Funds Weigh In On Hudson Technologies

Several large investors have recently added to or reduced their stakes in HDSN. State of Alaska Department of Revenue bought a new stake in Hudson Technologies during the fourth quarter valued at $28,000. Quarry LP grew its stake in shares of Hudson Technologies by 51.9% in 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 in the last quarter. BNP Paribas Financial Markets increased its stake in Hudson Technologies by 88.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,530 shares of the industrial products company’s stock valued at $75,000 after buying an additional 3,532 shares during the period. Tower Research Capital LLC TRC boosted its stake 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 valued at $71,000 after purchasing an additional 5,576 shares in the last quarter. Finally, Kemnay Advisory Services Inc. bought a new stake in Hudson Technologies in the fourth quarter worth about $62,000. 71.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on HDSN. Canaccord Genuity Group lowered their price target on shares of Hudson Technologies from $9.00 to $8.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Weiss Ratings downgraded shares of Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday. Finally, Wall Street Zen lowered shares of Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Hudson Technologies currently has a consensus rating of “Hold” and a consensus target price of $8.62.

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.