Insider Buying: Hudson Technologies (NASDAQ:HDSN) Major Shareholder Acquires 41,290 Shares of Company Stock

Hudson Technologies, Inc. (NASDAQ:HDSN – Get Free Report) major shareholder Hartree Partners, Lp purchased 41,290 shares of the stock in a transaction on Monday, November 2nd. The stock was bought at an average price of $4.25 per share, for a total transaction of $175,482.50. Following the completion of the transaction, the insider directly owned 5,648,517 shares of the company’s stock, valued at approximately $24,006,197.25. This trade represents a 0.74% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large 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 Friday, October 30th, Hartree Partners, Lp acquired 58,710 shares of Hudson Technologies stock. The shares were bought at an average price of $4.25 per share, with a total value of $249,517.50.
  • On Thursday, October 29th, Hartree Partners, Lp purchased 200,000 shares of Hudson Technologies stock. The stock was purchased at an average price of $4.44 per share, for a total transaction of $888,000.00.
  • On Thursday, September 24th, Hartree Partners, Lp purchased 118,549 shares of Hudson Technologies stock. The stock was purchased at an average price of $5.10 per share, for a total transaction of $604,599.90.
  • On Wednesday, September 23rd, Hartree Partners, Lp purchased 11,013 shares of Hudson Technologies stock. The shares were acquired at an average price of $5.10 per share, for a total transaction of $56,166.30.
  • On Monday, September 21st, Hartree Partners, Lp purchased 2,502 shares of Hudson Technologies stock. The shares were acquired at an average cost of $5.10 per share, with a total value of $12,760.20.
  • On Wednesday, September 16th, Hartree Partners, Lp purchased 11,136 shares of Hudson Technologies stock. The shares were acquired at an average cost of $5.10 per share, with a total value of $56,793.60.
  • On Wednesday, September 2nd, Hartree Partners, Lp acquired 5,317 shares of Hudson Technologies stock. The stock was acquired at an average cost of $5.10 per share, for a total transaction of $27,116.70.
  • On Tuesday, August 25th, Hartree Partners, Lp bought 91,166 shares of Hudson Technologies stock. The shares were acquired at an average price of $5.50 per share, for a total transaction of $501,413.00.
  • On Monday, August 24th, Hartree Partners, Lp bought 9,446 shares of Hudson Technologies stock. The stock was acquired at an average price of $5.50 per share, with a total value of $51,953.00.
  • On Wednesday, August 12th, Hartree Partners, Lp purchased 5,198 shares of Hudson Technologies stock. The stock was acquired at an average cost of $5.50 per share, with a total value of $28,589.00.

Hudson Technologies Trading Down 1.9%

NASDAQ HDSN traded down $0.08 on Monday, hitting $4.23. 709,287 shares of the company were exchanged, compared to its average volume of 454,136. Hudson Technologies, Inc. has a 1-year low of $4.10 and a 1-year high of $9.10. The firm has a 50 day moving average of $5.22 and a two-hundred day moving average of $5.93. The company has a market cap of $178.04 million, a P/E ratio of -211.50 and a beta of 0.89.

Hudson Technologies (NASDAQ:HDSN – Get Free Report) last announced its earnings results on Wednesday, October 28th. The industrial products company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.07). The company had revenue of $59.42 million during the quarter, compared to the consensus estimate of $77.96 million. Hudson Technologies had a positive return on equity of 0.80% and a negative net margin of 0.54%. Research analysts anticipate that Hudson Technologies, Inc. will post 0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Canaccord Genuity Group reduced their price objective on shares of Hudson Technologies from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Thursday. Zacks Research cut Hudson Technologies from a “hold” rating to a “strong sell” rating in a research note on Thursday. Weiss Ratings downgraded shares of Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Finally, B. Riley Financial lowered their target price on shares of Hudson Technologies from $7.25 to $6.00 and set a “buy” rating on the stock in a report on Thursday. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $7.50.

View Our Latest Stock Analysis on Hudson Technologies

Hedge Funds Weigh In On Hudson Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Isthmus Partners LLC increased its holdings in shares of Hudson Technologies by 3.8% in the third quarter. Isthmus Partners LLC now owns 59,639 shares of the industrial products company’s stock valued at $307,000 after purchasing an additional 2,183 shares during the last quarter. First Trust Advisors LP raised its position in shares of Hudson Technologies by 2.2% in the first quarter. First Trust Advisors LP now owns 145,083 shares of the industrial products company’s stock valued at $853,000 after purchasing an additional 3,105 shares during the period. State of Wyoming acquired a new stake in shares of Hudson Technologies during the 2nd quarter worth about $78,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Hudson Technologies during the 1st quarter worth about $82,000. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Hudson Technologies during the 2nd quarter worth about $97,000. 71.34% of the stock is owned by institutional investors.

About Hudson Technologies

(Get Free Report)

Hudson Technologies, Inc (NASDAQ:HDSN) provides refrigerant products and services for the heating, ventilation, air conditioning and refrigeration (HVACR) industry. The company supplies reclaimed and recycled refrigerants, as well as virgin refrigerants and related products, to customers that operate or service commercial, industrial and residential cooling systems.

Its services include refrigerant reclamation, refrigerant management, cylinder management, technical support and logistics.

See Also

Insider Buying and Selling by Quarter for Hudson Technologies (NASDAQ:HDSN)

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