Insider Buying: Hudson Technologies (NASDAQ:HDSN) Major Shareholder Purchases $312,102.96 in Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp acquired 52,104 shares of the company’s stock in a transaction on Wednesday, July 29th. The shares were acquired at an average price of $5.99 per share, for a total transaction of $312,102.96. Following the completion of the acquisition, the insider directly owned 5,094,190 shares in the company, valued at $30,514,198.10. The trade was a 1.03% increase in their ownership of the stock. The transaction 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 shares are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, July 21st, Hartree Partners, Lp bought 47,708 shares of Hudson Technologies stock. The stock was acquired at an average cost of $5.99 per share, for a total transaction of $285,770.92.
• On Monday, July 20th, Hartree Partners, Lp purchased 17,842 shares of Hudson Technologies stock. The shares were bought at an average cost of $5.99 per share, with a total value of $106,873.58.
• On Tuesday, July 7th, Hartree Partners, Lp purchased 600 shares of Hudson Technologies stock. The shares were bought at an average cost of $5.99 per share, with a total value of $3,594.00.
• On Monday, July 6th, Hartree Partners, Lp purchased 4,634 shares of Hudson Technologies stock. The stock was bought at an average price 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 cost 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 acquired 204,789 shares of Hudson Technologies stock. The shares were bought at an average price of $5.68 per share, for a total transaction of $1,163,201.52.

Hudson Technologies Price Performance

Shares of HDSN stock opened at $6.04 on Monday. The firm has a market cap of $254.10 million, a P/E ratio of 19.48 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 fifty day moving average of $5.81 and a two-hundred day moving average of $6.21.

Hudson Technologies (NASDAQ:HDSN) last released its earnings results on Wednesday, May 6th. The industrial products company reported $0.01 earnings per share 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 return on equity of 6.98% and a net margin of 5.66%. On average, sell-side analysts expect that Hudson Technologies, Inc. will post 0.34 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on HDSN. Wall Street Zen cut Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings raised Hudson Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 23rd. Finally, Canaccord Genuity Group decreased their target price on Hudson Technologies from $9.50 to $9.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $8.88.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Quarry LP boosted its holdings in shares of Hudson Technologies by 51.9% in the 3rd quarter. Quarry LP now owns 5,281 shares of the industrial products company’s stock valued at $52,000 after buying an additional 1,805 shares during the period. First Trust Advisors LP lifted its holdings in Hudson Technologies by 2.2% in the first quarter. First Trust Advisors LP now owns 145,083 shares of the industrial products company’s stock worth $853,000 after acquiring an additional 3,105 shares during the last quarter. Graham Capital Management L.P. boosted its stake in Hudson Technologies by 9.7% in the fourth quarter. Graham Capital Management L.P. now owns 36,985 shares of the industrial products company’s stock valued at $253,000 after acquiring an additional 3,256 shares during the period. BNP Paribas Financial Markets boosted its stake in Hudson Technologies by 88.3% in the third quarter. BNP Paribas Financial Markets now owns 7,530 shares of the industrial products company’s stock valued at $75,000 after acquiring an additional 3,532 shares during the period. Finally, Campbell & CO Investment Adviser LLC grew its holdings in shares of Hudson Technologies by 7.2% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 52,762 shares of the industrial products company’s stock valued at $361,000 after purchasing an additional 3,544 shares during the last quarter. 71.34% of the stock is currently owned by 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.