Hudson Technologies (NASDAQ:HDSN) Major Shareholder Buys $1,163,201.52 in Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp purchased 204,789 shares of Hudson Technologies stock in a transaction on Tuesday, June 30th. The stock was purchased at an average price of $5.68 per share, for a total transaction of $1,163,201.52. Following the completion of the transaction, the insider owned 4,411,889 shares of the company’s stock, valued at approximately $25,059,529.52. This represents a 4.87% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 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 Thursday, July 2nd, Hartree Partners, Lp acquired 271,302 shares of Hudson Technologies stock. The shares were 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 cost of $5.88 per share, with a total value of $1,694,092.68.

Hudson Technologies Stock Performance

NASDAQ:HDSN opened at $5.99 on Friday. The stock has a market capitalization of $252.00 million, a P/E ratio of 19.32 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 firm has a 50 day moving average of $5.55 and a 200-day moving average of $6.34.

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. As a group, analysts forecast that Hudson Technologies, Inc. will post 0.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on HDSN shares. Weiss Ratings cut Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 28th. Canaccord Genuity Group cut their price target on Hudson Technologies from $9.50 to $9.00 and set a “buy” rating for the company in a report on Thursday, May 7th. 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 issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $8.88.

Institutional Investors Weigh In On Hudson Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC raised its position in shares of Hudson Technologies by 7.2% during the first quarter. AQR Capital Management LLC now owns 591,645 shares of the industrial products company’s stock worth $3,650,000 after acquiring an additional 39,654 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Hudson Technologies in the first quarter valued at about $97,000. Goldman Sachs Group Inc. increased its position in Hudson Technologies by 49.1% in the first quarter. Goldman Sachs Group Inc. now owns 245,760 shares of the industrial products company’s stock worth $1,516,000 after purchasing an additional 80,973 shares during the period. Invesco Ltd. increased its position in Hudson Technologies by 21.5% in the second quarter. Invesco Ltd. now owns 71,748 shares of the industrial products company’s stock worth $583,000 after purchasing an additional 12,683 shares during the period. Finally, Quantinno Capital Management LP raised its holdings in Hudson Technologies by 87.7% during the 2nd quarter. Quantinno Capital Management LP now owns 45,416 shares of the industrial products company’s stock worth $369,000 after purchasing an additional 21,220 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

About Hudson Technologies

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.