Hudson Technologies (NASDAQ:HDSN) Major Shareholder Purchases $12,760.20 in Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp purchased 2,502 shares of the firm’s stock in a transaction on Monday, September 21st. The shares were purchased at an average cost of $5.10 per share, for a total transaction of $12,760.20. Following the completion of the purchase, the insider directly owned 5,218,955 shares in the company, valued at $26,616,670.50. The trade was a 0.05% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 acquired 11,013 shares of Hudson Technologies stock. The stock was purchased at an average cost of $5.10 per share, with a total value of $56,166.30.
• On Wednesday, September 16th, Hartree Partners, Lp acquired 11,136 shares of Hudson Technologies stock. The shares were purchased at an average cost 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 shares were purchased at an average price 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 stock was purchased at an average cost of $5.50 per share, with a total value of $501,413.00.
• On Monday, August 24th, Hartree Partners, Lp bought 9,446 shares of Hudson Technologies stock. The shares were acquired 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 bought at an average price of $5.50 per share, for a total transaction of $28,589.00.
• On Wednesday, July 29th, Hartree Partners, Lp bought 52,104 shares of Hudson Technologies stock. The stock was 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 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 purchased 17,842 shares of Hudson Technologies stock. The shares were bought at an average cost of $5.99 per share, with a total value of $106,873.58.
• On Tuesday, July 7th, Hartree Partners, Lp purchased 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.

Hudson Technologies Stock Down 1.3%

Shares of HDSN opened at $5.16 on Friday. Hudson Technologies, Inc. has a fifty-two week low of $4.64 and a fifty-two week high of $10.06. The company’s fifty day moving average is $5.61 and its two-hundred day moving average is $5.73. The firm has a market cap of $217.18 million, a PE ratio of 25.80 and a beta of 0.77.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings data 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). Hudson Technologies had a return on equity of 4.95% and a net margin of 3.51%.The firm had revenue of $78.35 million for the quarter, compared to analyst estimates of $74.20 million. As a group, equities research analysts anticipate that Hudson Technologies, Inc. will post 0.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on HDSN shares. Canaccord Genuity Group reduced their price objective on Hudson Technologies from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Weiss Ratings downgraded shares of Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $8.62.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in shares of Hudson Technologies during the second quarter worth about $16,303,000. Dimensional Fund Advisors LP grew its stake in shares of Hudson Technologies by 5.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,148,311 shares of the industrial products company’s stock valued at $12,631,000 after buying an additional 105,160 shares in the last quarter. Segall Bryant & Hamill LLC raised its holdings in shares of Hudson Technologies by 248.4% during 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 period. JB Capital Partners LP purchased a new stake in shares of Hudson Technologies during the 2nd quarter valued at about $1,757,588. Finally, Ancora Advisors LLC acquired a new position in Hudson Technologies during the 2nd quarter worth approximately $1,741,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

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.