Insider Buying: Hudson Technologies (NASDAQ:HDSN) Major Shareholder Acquires $51,953.00 in Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp purchased 9,446 shares of Hudson Technologies stock in a transaction dated Monday, August 24th. The stock was acquired at an average price of $5.50 per share, for a total transaction of $51,953.00. Following the completion of the acquisition, the insider owned 5,108,834 shares of the company’s stock, valued at approximately $28,098,587. This trade represents a 0.19% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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, August 25th, Hartree Partners, Lp purchased 91,166 shares of Hudson Technologies stock. The shares were acquired at an average cost of $5.50 per share, with a total value of $501,413.00.
• On Wednesday, August 12th, Hartree Partners, Lp acquired 5,198 shares of Hudson Technologies stock. The shares were acquired at an average price of $5.50 per share, with a total value of $28,589.00.
• On Wednesday, July 29th, Hartree Partners, Lp acquired 52,104 shares of Hudson Technologies stock. The stock was acquired at an average cost of $5.99 per share, for a total transaction of $312,102.96.
• On Tuesday, July 21st, Hartree Partners, Lp bought 47,708 shares of Hudson Technologies stock. The stock was acquired at an average price 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 stock was acquired at an average price of $5.99 per share, for a total transaction of $106,873.58.
• On Tuesday, July 7th, Hartree Partners, Lp bought 600 shares of Hudson Technologies stock. The shares were acquired at an average price of $5.99 per share, with a total value of $3,594.00.
• On Monday, July 6th, Hartree Partners, Lp bought 4,634 shares of Hudson Technologies stock. The shares were 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 purchased 271,302 shares of Hudson Technologies stock. The stock was bought at an average price of $5.97 per share, for a total transaction of $1,619,672.94.
• On Wednesday, July 1st, Hartree Partners, Lp purchased 288,111 shares of Hudson Technologies stock. The stock was bought 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 purchased 204,789 shares of Hudson Technologies stock. The stock was bought at an average cost of $5.68 per share, for a total transaction of $1,163,201.52.

Hudson Technologies Price Performance

Shares of HDSN opened at $5.43 on Friday. The firm has a market capitalization of $228.55 million, a price-to-earnings ratio of 27.15 and a beta of 0.78. Hudson Technologies, Inc. has a 1-year low of $4.64 and a 1-year high of $10.52. The company has a 50-day moving average of $5.91 and a 200 day moving average of $5.99.

Hudson Technologies (NASDAQ:HDSN) last issued 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 company 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%. On average, equities analysts anticipate that Hudson Technologies, Inc. will post 0.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

HDSN has been the subject of a number of recent research reports. Canaccord Genuity Group reduced their target price on shares of Hudson Technologies from $9.00 to $8.00 and set a “buy” rating for the company in a report 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. Finally, Wall Street Zen downgraded shares of 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, Hudson Technologies presently has a consensus rating of “Hold” and an average price target of $8.62.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HDSN. JB Capital Partners LP acquired a new position in Hudson Technologies during the 2nd quarter valued at about $1,757,588. Segall Bryant & Hamill LLC boosted its holdings in Hudson Technologies by 248.4% in the first quarter. Segall Bryant & Hamill LLC now owns 628,341 shares of the industrial products company’s stock worth $3,695,000 after acquiring an additional 447,987 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Hudson Technologies by 53,751.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 269,256 shares of the industrial products company’s stock worth $1,844,000 after acquiring an additional 268,756 shares during the last quarter. Ancora Advisors LLC acquired a new position in shares of Hudson Technologies during the second quarter valued at about $1,741,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Hudson Technologies by 5.1% during 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 acquiring an additional 105,160 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

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.