Insider Buying: Hudson Technologies (NASDAQ:HDSN) Major Shareholder Buys $888,000.00 in Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp bought 200,000 shares of the stock in a transaction on Thursday, October 29th. The shares were bought at an average price of $4.44 per share, with a total value of $888,000.00. Following the acquisition, the insider owned 5,548,517 shares of the company’s stock, valued at $24,635,415.48. This trade represents a 3.74% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Hartree Partners, Lp also recently made the following trade(s):

• On Monday, November 2nd, Hartree Partners, Lp purchased 41,290 shares of Hudson Technologies stock. The stock was purchased at an average price of $4.25 per share, for a total transaction of $175,482.50.
• On Friday, October 30th, Hartree Partners, Lp bought 58,710 shares of Hudson Technologies stock. The stock was purchased at an average price of $4.25 per share, with a total value of $249,517.50.
• On Thursday, September 24th, Hartree Partners, Lp acquired 118,549 shares of Hudson Technologies stock. The stock was acquired at an average cost of $5.10 per share, with a total value 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 bought 2,502 shares of Hudson Technologies stock. The shares were bought at an average cost of $5.10 per share, for a total transaction 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 cost of $5.10 per share, for a total transaction of $56,793.60.
• On Wednesday, September 2nd, Hartree Partners, Lp purchased 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 price of $5.50 per share, for a total transaction of $501,413.00.
• On Monday, August 24th, Hartree Partners, Lp acquired 9,446 shares of Hudson Technologies stock. The stock was 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 purchased 5,198 shares of Hudson Technologies stock. The shares were bought at an average cost of $5.50 per share, for a total transaction of $28,589.00.

Hudson Technologies Stock Up 2.1%

Hudson Technologies stock opened at $4.41 on Thursday. The firm has a market cap of $185.62 million, a price-to-earnings ratio of -220.50 and a beta of 0.89. Hudson Technologies, Inc. has a 52 week low of $4.10 and a 52 week high of $8.78. The business’s 50-day moving average price is $5.14 and its 200 day moving average price is $5.89.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings data 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 firm had revenue of $59.42 million during the quarter, compared to analysts’ expectations of $77.96 million. Hudson Technologies had a negative net margin of 0.54% and a positive return on equity of 0.80%. Equities analysts expect that Hudson Technologies, Inc. will post 0.11 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of HDSN. State of Wyoming acquired a new position in shares of Hudson Technologies in the 2nd quarter valued at $78,000. Sequoia Financial Advisors LLC purchased a new position in shares of Hudson Technologies in the 1st quarter valued at $82,000. EP Wealth Advisors LLC acquired a new stake in Hudson Technologies during the 2nd quarter worth $97,000. Empirical Asset Management LLC acquired a new stake in Hudson Technologies during the 2nd quarter worth $98,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Hudson Technologies during the 2nd quarter worth $106,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on HDSN shares. B. Riley Financial decreased their price objective on Hudson Technologies from $7.25 to $6.00 and set a “buy” rating on the stock in a report on Thursday, October 29th. Weiss Ratings lowered shares of Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Zacks Research cut shares of Hudson Technologies from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 29th. Finally, Canaccord Genuity Group reduced their target price on shares of Hudson Technologies from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Thursday, October 29th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $7.50.

Hudson Technologies Company Profile

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.