Hudson Technologies (NASDAQ:HDSN) Major Shareholder Acquires $285,770.92 in Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp acquired 47,708 shares of the stock in a transaction that occurred on Tuesday, July 21st. The stock was purchased at an average price of $5.99 per share, with a total value of $285,770.92. Following the transaction, the insider owned 5,042,086 shares in the company, valued at $30,202,095.14. This represents a 0.96% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Monday, July 20th, Hartree Partners, Lp purchased 17,842 shares of Hudson Technologies stock. The shares were acquired at an average cost of $5.99 per share, for a total transaction of $106,873.58.
• On Tuesday, July 7th, Hartree Partners, Lp acquired 600 shares of Hudson Technologies stock. The stock was 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 acquired at an average cost of $5.99 per share, with a total value of $27,757.66.
• On Thursday, July 2nd, Hartree Partners, Lp bought 271,302 shares of Hudson Technologies stock. The shares were 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 cost 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 price of $5.68 per share, with a total value of $1,163,201.52.

Hudson Technologies Stock Down 0.7%

Shares of HDSN stock opened at $5.80 on Friday. The firm has a fifty day moving average of $5.79 and a 200-day moving average of $6.22. Hudson Technologies, Inc. has a 12-month low of $4.64 and a 12-month high of $10.52. The company has a market capitalization of $244.01 million, a price-to-earnings ratio of 18.71 and a beta of 0.78.

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Weiss Ratings upgraded Hudson Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 23rd. Wall Street Zen downgraded Hudson Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Finally, Canaccord Genuity Group dropped their target price on Hudson Technologies from $9.50 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $8.88.

Institutional Investors Weigh In On Hudson Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in HDSN. Westerly Capital Management LLC grew its stake in shares of Hudson Technologies by 34.9% in the fourth quarter. Westerly Capital Management LLC now owns 2,550,000 shares of the industrial products company’s stock valued at $17,468,000 after buying an additional 660,000 shares in the last quarter. Dimensional Fund Advisors LP raised its position in 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 worth $12,631,000 after acquiring an additional 105,160 shares in the last quarter. Segall Bryant & Hamill LLC raised its position in Hudson Technologies by 248.4% during 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. AQR Capital Management LLC raised its position in 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 in the last quarter. Finally, Marshall Wace LLP lifted its stake in Hudson Technologies by 270.4% in the fourth quarter. Marshall Wace LLP now owns 465,130 shares of the industrial products company’s stock valued at $3,186,000 after acquiring an additional 339,543 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

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.