Insider Buying: Hudson Technologies (NASDAQ:HDSN) Major Shareholder Purchases $1,619,672.94 in Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp bought 271,302 shares of the stock in a transaction dated Thursday, July 2nd. The stock was acquired at an average price of $5.97 per share, with a total value of $1,619,672.94. Following the completion of the purchase, the insider owned 4,971,302 shares of the company’s stock, valued at $29,678,672.94. This represents a 5.77% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large 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 Wednesday, July 1st, Hartree Partners, Lp purchased 288,111 shares of Hudson Technologies stock. The shares were 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 acquired 204,789 shares of Hudson Technologies stock. The stock was bought at an average price of $5.68 per share, with a total value of $1,163,201.52.

Hudson Technologies Stock Performance

Shares of NASDAQ HDSN traded up $0.32 during trading on Thursday, reaching $5.99. The company had a trading volume of 744,521 shares, compared to its average volume of 384,614. Hudson Technologies, Inc. has a 52 week low of $4.64 and a 52 week high of $10.52. The business’s 50 day moving average price is $5.56 and its 200-day moving average price is $6.35. The stock has a market cap of $252.00 million, a PE ratio of 19.32 and a beta of 0.78.

Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). Hudson Technologies had a net margin of 5.66% and a return on equity of 6.98%. The company had revenue of $60.15 million during the quarter, compared to analyst estimates of $57.15 million. Equities analysts anticipate that Hudson Technologies, Inc. will post 0.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HDSN has been the topic of several research reports. Wall Street Zen lowered Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings downgraded shares of Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 28th. B. Riley Financial reduced their target price on shares of Hudson Technologies from $10.50 to $9.50 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Roth Mkm lowered their price target on shares of Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Friday, March 6th. Finally, Canaccord Genuity Group dropped their price target on shares of Hudson Technologies from $9.50 to $9.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $8.88.

Hedge Funds Weigh In On Hudson Technologies

Several institutional investors have recently modified their holdings of HDSN. State of Alaska Department of Revenue bought a new stake in shares of Hudson Technologies in the 4th quarter valued at about $28,000. Quarry LP boosted its stake in Hudson Technologies by 51.9% during the 3rd quarter. Quarry LP now owns 5,281 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 1,805 shares during the last quarter. BNP Paribas Financial Markets grew its holdings 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 during the period. Tower Research Capital LLC TRC increased its stake in Hudson Technologies by 177.6% in 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, Kemnay Advisory Services Inc. acquired a new stake in Hudson Technologies in the fourth quarter worth $62,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

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.