Insider Buying: Hudson Technologies (NASDAQ:HDSN) Major Shareholder Purchases $501,413.00 in Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp purchased 91,166 shares of Hudson Technologies stock in a transaction that occurred on Tuesday, August 25th. The stock was purchased at an average price of $5.50 per share, with a total value of $501,413.00. Following the completion of the purchase, the insider directly owned 5,200,000 shares in the company, valued at $28,600,000. This trade represents a 1.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 Monday, August 24th, Hartree Partners, Lp acquired 9,446 shares of Hudson Technologies stock. The shares were purchased at an average price of $5.50 per share, for a total transaction of $51,953.00.
• On Wednesday, August 12th, Hartree Partners, Lp acquired 5,198 shares of Hudson Technologies stock. The shares were purchased at an average price of $5.50 per share, for a total transaction of $28,589.00.
• On Wednesday, July 29th, Hartree Partners, Lp bought 52,104 shares of Hudson Technologies stock. The shares were purchased at an average cost of $5.99 per share, with a total value of $312,102.96.
• 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, with a total value of $285,770.92.
• On Monday, July 20th, Hartree Partners, Lp purchased 17,842 shares of Hudson Technologies stock. The stock was acquired at an average price of $5.99 per share, for a total transaction of $106,873.58.
• On Tuesday, July 7th, Hartree Partners, Lp purchased 600 shares of Hudson Technologies stock. The shares were acquired at an average cost of $5.99 per share, for a total transaction of $3,594.00.
• On Monday, July 6th, Hartree Partners, Lp acquired 4,634 shares of Hudson Technologies stock. The stock was acquired at an average price of $5.99 per share, with a total value of $27,757.66.
• On Thursday, July 2nd, Hartree Partners, Lp acquired 271,302 shares of Hudson Technologies stock. The stock was acquired at an average cost of $5.97 per share, with a total value of $1,619,672.94.
• On Wednesday, July 1st, Hartree Partners, Lp acquired 288,111 shares of Hudson Technologies stock. The stock was acquired at an average cost of $5.88 per share, with a total value of $1,694,092.68.
• On Tuesday, June 30th, Hartree Partners, Lp bought 204,789 shares of Hudson Technologies stock. The shares were acquired at an average price of $5.68 per share, for a total transaction of $1,163,201.52.

Hudson Technologies Trading Down 0.9%

Shares of HDSN opened at $5.43 on Friday. Hudson Technologies, Inc. has a 12 month low of $4.64 and a 12 month high of $10.52. The firm’s 50 day moving average is $5.91 and its 200-day moving average is $5.99. The stock has a market capitalization of $228.55 million, a PE ratio of 27.15 and a beta of 0.78.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.06). The business had revenue of $78.35 million during the quarter, compared to analyst estimates of $74.20 million. Hudson Technologies had a net margin of 3.51% and a return on equity of 4.95%. Equities research analysts predict that Hudson Technologies, Inc. will post 0.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hudson Technologies

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

Wall Street Analysts Forecast Growth

HDSN has been the subject of a number of recent analyst reports. Canaccord Genuity Group cut their target price on Hudson Technologies from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Wall Street Zen downgraded Hudson Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Finally, Weiss Ratings lowered Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.62.

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.