Insider Buying: Hudson Technologies (NASDAQ:HDSN) Major Shareholder Purchases $27,116.70 in Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp bought 5,317 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were acquired at an average price of $5.10 per share, for a total transaction of $27,116.70. Following the transaction, the insider owned 5,205,317 shares in the company, valued at $26,547,116.70. This represents a 0.10% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own more than 10% 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 Tuesday, August 25th, Hartree Partners, Lp bought 91,166 shares of Hudson Technologies stock. The stock was acquired at an average price of $5.50 per share, with a total value of $501,413.00.
• On Monday, August 24th, Hartree Partners, Lp purchased 9,446 shares of Hudson Technologies stock. The stock was acquired at an average cost of $5.50 per share, for a total transaction of $51,953.00.
• On Wednesday, August 12th, Hartree Partners, Lp purchased 5,198 shares of Hudson Technologies stock. The shares were acquired at an average price of $5.50 per share, for a total transaction of $28,589.00.
• On Wednesday, July 29th, Hartree Partners, Lp acquired 52,104 shares of Hudson Technologies stock. The shares were bought 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 bought at an average price of $5.99 per share, with a total value of $285,770.92.
• On Monday, July 20th, Hartree Partners, Lp acquired 17,842 shares of Hudson Technologies stock. The stock was bought at an average price of $5.99 per share, with a total value of $106,873.58.
• On Tuesday, July 7th, Hartree Partners, Lp bought 600 shares of Hudson Technologies stock. The shares were bought at an average cost of $5.99 per share, for a total transaction of $3,594.00.
• On Monday, July 6th, Hartree Partners, Lp purchased 4,634 shares of Hudson Technologies stock. The stock was bought at an average price of $5.99 per share, with a total value of $27,757.66.
• On Thursday, July 2nd, Hartree Partners, Lp purchased 271,302 shares of Hudson Technologies stock. The stock was bought at an average price of $5.97 per share, with a total value of $1,619,672.94.
• On Wednesday, July 1st, Hartree Partners, Lp purchased 288,111 shares of Hudson Technologies stock. The stock was bought at an average cost of $5.88 per share, with a total value of $1,694,092.68.

Hudson Technologies Stock Performance

Shares of NASDAQ HDSN opened at $5.35 on Monday. The firm has a market capitalization of $225.18 million, a P/E ratio of 26.75 and a beta of 0.77. The firm’s 50-day moving average price is $5.86 and its 200-day moving average price is $5.91. Hudson Technologies, Inc. has a 1-year low of $4.64 and a 1-year high of $10.52.

Hudson Technologies (NASDAQ:HDSN) last issued its earnings results on Wednesday, August 5th. The industrial products company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.06). Hudson Technologies had a net margin of 3.51% and a return on equity of 4.95%. The firm had revenue of $78.35 million during the quarter, compared to analyst estimates of $74.20 million. Equities research analysts forecast that Hudson Technologies, Inc. will post 0.17 EPS for the current year.

Hedge Funds Weigh In On Hudson Technologies

Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of Hudson Technologies during the second quarter valued at approximately $16,303,000. Westerly Capital Management LLC grew its holdings in Hudson Technologies by 63.3% during the second quarter. Westerly Capital Management LLC now owns 2,000,000 shares of the industrial products company’s stock worth $16,240,000 after buying an additional 775,000 shares in the last quarter. Segall Bryant & Hamill LLC raised its position in Hudson Technologies by 248.4% in the 1st quarter. Segall Bryant & Hamill LLC now owns 628,341 shares of the industrial products company’s stock valued at $3,695,000 after buying an additional 447,987 shares during the last quarter. Marshall Wace LLP raised its position in Hudson Technologies by 270.4% in the 4th quarter. Marshall Wace LLP now owns 465,130 shares of the industrial products company’s stock valued at $3,186,000 after buying an additional 339,543 shares during the last quarter. Finally, JB Capital Partners LP bought a new position in Hudson Technologies during the 2nd quarter valued at $1,757,588. Institutional investors own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HDSN. Wall Street Zen cut Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Canaccord Genuity Group lowered their target price on Hudson Technologies from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Finally, Weiss Ratings cut Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Two equities 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. According to data from MarketBeat, Hudson Technologies presently has a consensus rating of “Hold” and an average price target of $8.62.

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.