Insider Buying: Hudson Technologies (NASDAQ:HDSN) Major Shareholder Purchases $1,694,092.68 in Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp purchased 288,111 shares of the stock in a transaction dated Wednesday, July 1st. The stock was purchased at an average cost of $5.88 per share, for a total transaction of $1,694,092.68. Following the completion of the acquisition, the insider owned 4,700,000 shares of the company’s stock, valued at approximately $27,636,000. This represents a 6.53% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Thursday, July 2nd, Hartree Partners, Lp acquired 271,302 shares of Hudson Technologies stock. The stock was purchased at an average price of $5.97 per share, with a total value of $1,619,672.94.
• On Tuesday, June 30th, Hartree Partners, Lp acquired 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 Performance

Shares of NASDAQ:HDSN opened at $5.99 on Friday. The company has a 50 day moving average of $5.55 and a 200 day moving average of $6.34. The stock has a market cap of $252.00 million, a P/E ratio of 19.32 and a beta of 0.78. Hudson Technologies, Inc. has a 12 month low of $4.64 and a 12 month high of $10.52.

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

Hedge Funds Weigh In On Hudson Technologies

A number of institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue purchased a new stake in shares of Hudson Technologies during the 4th quarter valued at $28,000. Quarry LP increased its stake in Hudson Technologies by 51.9% in 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 during the last quarter. Kemnay Advisory Services Inc. bought a new position in Hudson Technologies in the fourth quarter valued at $62,000. Tower Research Capital LLC TRC raised its position in Hudson Technologies by 177.6% during the second quarter. Tower Research Capital LLC TRC now owns 8,715 shares of the industrial products company’s stock valued at $71,000 after purchasing an additional 5,576 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in Hudson Technologies by 88.3% during the third quarter. BNP Paribas Financial Markets now owns 7,530 shares of the industrial products company’s stock valued at $75,000 after purchasing an additional 3,532 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

HDSN has been the subject of several research analyst reports. Weiss Ratings lowered Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 28th. Wall Street Zen lowered Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Canaccord Genuity Group lowered their price target on Hudson Technologies from $9.50 to $9.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price 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.