Hudson Technologies (NASDAQ:HDSN) Major Shareholder Buys $604,599.90 in Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp acquired 118,549 shares of the firm’s stock in a transaction that occurred on Thursday, September 24th. The stock was acquired at an average price of $5.10 per share, with a total value of $604,599.90. Following the completion of the transaction, the insider directly owned 5,348,517 shares in the company, valued at $27,277,436.70. This trade represents a 2.27% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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, September 23rd, Hartree Partners, Lp purchased 11,013 shares of Hudson Technologies stock. The stock was bought at an average cost 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 stock was bought at an average price of $5.10 per share, with a total value of $12,760.20.
• On Wednesday, September 16th, Hartree Partners, Lp acquired 11,136 shares of Hudson Technologies stock. The shares were bought at an average price of $5.10 per share, for a total transaction of $56,793.60.
• On Wednesday, September 2nd, Hartree Partners, Lp bought 5,317 shares of Hudson Technologies stock. The stock was bought at an average cost of $5.10 per share, with a total value of $27,116.70.
• On Tuesday, August 25th, Hartree Partners, Lp purchased 91,166 shares of Hudson Technologies stock. The stock was purchased at an average cost of $5.50 per share, for a total transaction of $501,413.00.
• On Monday, August 24th, Hartree Partners, Lp purchased 9,446 shares of Hudson Technologies stock. The stock was purchased at an average price of $5.50 per share, for a total transaction of $51,953.00.
• On Wednesday, August 12th, Hartree Partners, Lp acquired 5,198 shares of Hudson Technologies stock. The shares were purchased at an average price of $5.50 per share, with a total value of $28,589.00.
• 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 purchased 47,708 shares of Hudson Technologies stock. The shares were acquired at an average cost 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 acquired at an average cost of $5.99 per share, for a total transaction of $106,873.58.

Hudson Technologies Stock Performance

Hudson Technologies stock opened at $5.15 on Thursday. The company has a fifty day simple moving average of $5.55 and a 200 day simple moving average of $5.71. Hudson Technologies, Inc. has a 1-year low of $4.64 and a 1-year high of $9.85. The company has a market cap of $216.76 million, a P/E ratio of 25.75 and a beta of 0.77.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in HDSN. JB Capital Partners LP acquired a new position in shares of Hudson Technologies in the second quarter valued at about $1,757,588. Empowered Funds LLC bought a new stake in Hudson Technologies in the 2nd quarter valued at about $1,182,000. BlackRock Inc. acquired a new position in shares of Hudson Technologies during the 2nd quarter worth approximately $16,303,000. Bank of New York Mellon Corp bought a new position in shares of Hudson Technologies during the second quarter worth approximately $1,175,000. Finally, Segall Bryant & Hamill LLC raised its position in shares of Hudson Technologies by 248.4% in the first 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 in the last quarter. Institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

HDSN has been the topic of several analyst reports. Weiss Ratings lowered shares of Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Canaccord Genuity Group cut their target price on shares of Hudson Technologies from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Hudson Technologies currently has an average rating of “Hold” and a consensus target price of $8.62.

Hudson Technologies Company Profile

Hudson Technologies, Inc is an environmental services company focused on refrigerants and related products. The company provides refrigerant reclamation, processing, and resale services, helping customers recover and reuse refrigerants from commercial, industrial, and automotive refrigeration and air-conditioning systems.

Its offerings also include virgin, reclaimed, and specialty refrigerants; refrigerant management and compliance services; and on-site and technical services designed to support the installation, maintenance, and replacement of refrigeration and air-conditioning equipment.