Hudson Technologies (NASDAQ:HDSN) Stock: Insider Hartree Partners, Lp Purchases 58,710 Shares

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp bought 58,710 shares of the business’s stock in a transaction dated Friday, October 30th. The shares were bought at an average price of $4.25 per share, with a total value of $249,517.50. Following the completion of the transaction, the insider owned 5,607,227 shares in the company, valued at approximately $23,830,714.75. This trade represents a 1.06% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 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 bought 41,290 shares of Hudson Technologies stock. The shares were bought at an average cost of $4.25 per share, for a total transaction of $175,482.50.
• On Thursday, October 29th, Hartree Partners, Lp purchased 200,000 shares of Hudson Technologies stock. The stock was bought at an average price of $4.44 per share, for a total transaction of $888,000.00.
• On Thursday, September 24th, Hartree Partners, Lp purchased 118,549 shares of Hudson Technologies stock. The stock was bought 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 stock was bought at an average cost of $5.10 per share, with a total value of $56,166.30.
• On Monday, September 21st, Hartree Partners, Lp acquired 2,502 shares of Hudson Technologies stock. The shares were purchased at an average cost of $5.10 per share, with a total value of $12,760.20.
• On Wednesday, September 16th, Hartree Partners, Lp acquired 11,136 shares of Hudson Technologies stock. The shares were purchased at an average price of $5.10 per share, for a total transaction of $56,793.60.
• On Wednesday, September 2nd, Hartree Partners, Lp acquired 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 cost of $5.50 per share, for a total transaction of $501,413.00.
• On Monday, August 24th, Hartree Partners, Lp bought 9,446 shares of Hudson Technologies stock. The stock was purchased at an average price of $5.50 per share, with a total value of $51,953.00.
• On Wednesday, August 12th, Hartree Partners, Lp bought 5,198 shares of Hudson Technologies stock. The stock was purchased at an average price of $5.50 per share, with a total value of $28,589.00.

Hudson Technologies Trading Up 2.1%

Shares of Hudson Technologies stock opened at $4.32 on Wednesday. The company has a 50 day moving average of $5.16 and a 200-day moving average of $5.90. Hudson Technologies, Inc. has a 1-year low of $4.10 and a 1-year high of $8.96. The company has a market cap of $181.83 million, a PE ratio of -216.00 and a beta of 0.89.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings data on Wednesday, October 28th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.07). Hudson Technologies had a negative net margin of 0.54% and a positive return on equity of 0.80%. The firm had revenue of $59.42 million during the quarter, compared to the consensus estimate of $77.96 million. Research analysts forecast that Hudson Technologies, Inc. will post 0.11 earnings per share for the current year.

Institutional Investors Weigh In On Hudson Technologies

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. bought a new stake in Hudson Technologies during the 2nd quarter worth $16,303,000. Dimensional Fund Advisors LP raised its position in Hudson Technologies by 5.1% in 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 purchasing an additional 105,160 shares during the last quarter. Segall Bryant & Hamill LLC raised its position 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 valued at $3,695,000 after purchasing an additional 447,987 shares during the last quarter. JB Capital Partners LP acquired a new stake in shares of Hudson Technologies during the second quarter valued at about $1,757,588. Finally, Ancora Advisors LLC acquired a new stake in shares of Hudson Technologies during the second quarter valued at about $1,741,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analysts Set New Price Targets

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

Key Headlines Impacting Hudson Technologies

Here are the key news stories impacting Hudson Technologies this week:

• Positive Sentiment: Major shareholder Hartree Partners bought a combined 300,000 shares in three transactions from October 29 to November 2, investing about $1.31 million. The purchases increased its stake and may signal confidence in Hudson’s prospects. Hartree Partners share purchases
• Neutral Sentiment: A Q3 analysis highlights Hudson’s focus on margins and new technology, while noting channel-inventory headwinds. The initiatives could support performance over time, but the inventory pressure may weigh on near-term results. HDSN Q3 deep dive
• Negative Sentiment: Hudson’s latest reported quarter fell short of expectations: EPS was $0.05 versus $0.12 expected, and revenue was $59.42 million versus $77.96 million expected. The miss adds pressure amid ongoing operating and inventory challenges.

About Hudson Technologies

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.