Insider Buying: Hudson Technologies (NASDAQ:HDSN) Major Shareholder Purchases $1,619,672.94 in Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp purchased 271,302 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The shares were purchased at an average price of $5.97 per share, for a total transaction of $1,619,672.94. Following the completion of the acquisition, the insider directly owned 4,971,302 shares in the company, valued at $29,678,672.94. The trade was a 5.77% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Wednesday, July 1st, Hartree Partners, Lp bought 288,111 shares of Hudson Technologies stock. The stock was acquired at an average price of $5.88 per share, for a total transaction of $1,694,092.68.
• On Tuesday, June 30th, Hartree Partners, Lp bought 204,789 shares of Hudson Technologies stock. The shares were acquired at an average price of $5.68 per share, with a total value of $1,163,201.52.

Hudson Technologies Stock Performance

Shares of HDSN opened at $5.99 on Friday. The firm has a fifty day moving average price of $5.55 and a 200-day moving average price of $6.34. The firm has a market capitalization of $252.00 million, a P/E ratio of 19.32 and a beta of 0.78. Hudson Technologies, Inc. has a 12-month low of $4.64 and a 12-month high of $10.52.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.01 EPS 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 company had revenue of $60.15 million during the quarter, compared to analysts’ expectations of $57.15 million. Analysts predict that Hudson Technologies, Inc. will post 0.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on HDSN shares. Weiss Ratings lowered shares of Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 28th. Wall Street Zen lowered Hudson Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Finally, Canaccord Genuity Group dropped their price objective on Hudson Technologies from $9.50 to $9.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Hudson Technologies has a consensus rating of “Hold” and an average target price of $8.88.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. lifted its holdings in Hudson Technologies by 53,751.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 269,256 shares of the industrial products company’s stock worth $1,844,000 after buying an additional 268,756 shares during the period. Tudor Investment Corp ET AL purchased a new position in shares of Hudson Technologies in the 3rd quarter valued at $2,058,000. KBC Group NV purchased a new position in shares of Hudson Technologies in the 4th quarter valued at $843,000. Pacific Ridge Capital Partners LLC raised its position in shares of Hudson Technologies by 14.3% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 118,406 shares of the industrial products company’s stock worth $811,000 after acquiring an additional 14,826 shares in the last quarter. Finally, Strs Ohio raised its position in shares of Hudson Technologies by 29.4% in the 4th quarter. Strs Ohio now owns 77,100 shares of the industrial products company’s stock worth $528,000 after acquiring an additional 17,500 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

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.