Insider Buying: Hudson Technologies (NASDAQ:HDSN) Major Shareholder Purchases $27,757.66 in Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp bought 4,634 shares of the firm’s stock in a transaction dated Monday, July 6th. The stock was purchased at an average cost of $5.99 per share, for a total transaction of $27,757.66. Following the transaction, the insider directly owned 4,975,936 shares of the company’s stock, valued at $29,805,856.64. The trade was a 0.09% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more 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, July 7th, Hartree Partners, Lp purchased 600 shares of Hudson Technologies stock. The shares were purchased at an average cost of $5.99 per share, with a total value of $3,594.00.
• On Thursday, July 2nd, Hartree Partners, Lp acquired 271,302 shares of Hudson Technologies stock. The stock was purchased at an average cost of $5.97 per share, for a total transaction of $1,619,672.94.
• On Wednesday, July 1st, Hartree Partners, Lp acquired 288,111 shares of Hudson Technologies stock. The shares were purchased at an average price of $5.88 per share, for a total transaction of $1,694,092.68.
• On Tuesday, June 30th, Hartree Partners, Lp bought 204,789 shares of Hudson Technologies stock. The shares were purchased at an average cost of $5.68 per share, with a total value of $1,163,201.52.

Hudson Technologies Stock Up 1.7%

Shares of Hudson Technologies stock traded up $0.11 during trading on Wednesday, reaching $6.44. The company’s stock had a trading volume of 888,570 shares, compared to its average volume of 397,913. The business’s 50-day moving average price is $5.54 and its 200-day moving average price is $6.32. The firm has a market cap of $270.93 million, a PE ratio of 20.77 and a beta of 0.78. Hudson Technologies, Inc. has a 52 week low of $4.64 and a 52 week high of $10.52.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). Hudson Technologies had a return on equity of 6.98% and a net margin of 5.66%.The business had revenue of $60.15 million for the quarter, compared to the consensus estimate of $57.15 million. Equities analysts predict that Hudson Technologies, Inc. will post 0.34 earnings per share for the current year.

Hedge Funds Weigh In On Hudson Technologies

A number of hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Hudson Technologies by 53,751.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 269,256 shares of the industrial products company’s stock worth $1,844,000 after buying an additional 268,756 shares during the last quarter. Tudor Investment Corp ET AL purchased a new position in shares of Hudson Technologies during the 3rd quarter valued at $2,058,000. KBC Group NV bought a new position in shares of Hudson Technologies during the 4th quarter worth $843,000. Pacific Ridge Capital Partners LLC grew its stake in shares of Hudson Technologies by 14.3% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 118,406 shares of the industrial products company’s stock worth $811,000 after acquiring an additional 14,826 shares during the period. Finally, Strs Ohio increased its holdings in Hudson Technologies by 29.4% in the 4th quarter. Strs Ohio now owns 77,100 shares of the industrial products company’s stock worth $528,000 after acquiring an additional 17,500 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on HDSN shares. Canaccord Genuity Group lowered their price objective on Hudson Technologies from $9.50 to $9.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Weiss Ratings lowered Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 28th. Finally, Wall Street Zen cut Hudson Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $8.88.

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.