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

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp purchased 5,317 shares of Hudson Technologies stock in a transaction dated Wednesday, September 2nd. The stock was acquired at an average price of $5.10 per share, with a total value of $27,116.70. Following the acquisition, the insider owned 5,205,317 shares in the company, valued at approximately $26,547,116.70. This represents a 0.10% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 Tuesday, August 25th, Hartree Partners, Lp purchased 91,166 shares of Hudson Technologies stock. The stock was acquired at an average cost of $5.50 per share, with a total value of $501,413.00.
• On Monday, August 24th, Hartree Partners, Lp acquired 9,446 shares of Hudson Technologies stock. The shares were 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 acquired 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.
• On Wednesday, July 29th, Hartree Partners, Lp bought 52,104 shares of Hudson Technologies stock. The shares were bought at an average price of $5.99 per share, with a total value of $312,102.96.
• On Tuesday, July 21st, Hartree Partners, Lp bought 47,708 shares of Hudson Technologies stock. The shares were bought at an average cost of $5.99 per share, for a total transaction of $285,770.92.
• On Monday, July 20th, Hartree Partners, Lp bought 17,842 shares of Hudson Technologies stock. The shares were bought at an average cost of $5.99 per share, for a total transaction of $106,873.58.
• On Tuesday, July 7th, Hartree Partners, Lp purchased 600 shares of Hudson Technologies stock. The stock was bought 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 bought at an average cost of $5.99 per share, with a total value of $27,757.66.
• On Thursday, July 2nd, Hartree Partners, Lp acquired 271,302 shares of Hudson Technologies stock. The shares were 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 acquired 288,111 shares of Hudson Technologies stock. The shares were bought at an average cost of $5.88 per share, for a total transaction of $1,694,092.68.

Hudson Technologies Stock Performance

HDSN traded up $0.10 on Friday, hitting $5.35. The company had a trading volume of 295,769 shares, compared to its average volume of 441,213. The stock has a fifty day moving average price of $5.87 and a 200-day moving average price of $5.92. Hudson Technologies, Inc. has a 12-month low of $4.64 and a 12-month high of $10.52. The stock has a market capitalization of $225.18 million, a price-to-earnings ratio of 26.75 and a beta of 0.77.

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

Wall Street Analyst Weigh In

Several research analysts recently commented on HDSN shares. Wall Street Zen lowered shares of Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings lowered shares of Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Finally, Canaccord Genuity Group reduced their price target 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. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $8.62.

Institutional Investors Weigh In On Hudson Technologies

A number of large investors have recently modified their holdings of HDSN. Quarry LP increased its holdings in shares of Hudson Technologies by 51.9% during the third quarter. Quarry LP now owns 5,281 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 1,805 shares in the last quarter. First Trust Advisors LP raised its position in shares of Hudson Technologies by 2.2% in the 1st 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 last quarter. Graham Capital Management L.P. boosted its stake in Hudson Technologies by 9.7% in the 4th quarter. Graham Capital Management L.P. now owns 36,985 shares of the industrial products company’s stock worth $253,000 after purchasing an additional 3,256 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Hudson Technologies by 88.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,530 shares of the industrial products company’s stock worth $75,000 after purchasing an additional 3,532 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC grew its position in Hudson Technologies by 7.2% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 52,762 shares of the industrial products company’s stock worth $361,000 after purchasing an additional 3,544 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

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.