Hudson Technologies (NASDAQ:HDSN) Major Shareholder Buys $888,000.00 in Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp purchased 200,000 shares of the company’s stock in a transaction dated Thursday, October 29th. The shares were acquired at an average price of $4.44 per share, for a total transaction of $888,000.00. Following the purchase, the insider owned 5,548,517 shares in the company, valued at $24,635,415.48. The trade was a 3.74% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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, November 2nd, Hartree Partners, Lp acquired 41,290 shares of Hudson Technologies stock. The stock was acquired at an average cost of $4.25 per share, with a total value of $175,482.50.
• On Friday, October 30th, Hartree Partners, Lp acquired 58,710 shares of Hudson Technologies stock. The stock was acquired at an average price of $4.25 per share, with a total value of $249,517.50.
• On Thursday, September 24th, Hartree Partners, Lp bought 118,549 shares of Hudson Technologies stock. The shares were acquired at an average cost of $5.10 per share, for a total transaction of $604,599.90.
• On Wednesday, September 23rd, Hartree Partners, Lp bought 11,013 shares of Hudson Technologies stock. The shares were bought at an average price of $5.10 per share, for a total transaction of $56,166.30.
• On Monday, September 21st, Hartree Partners, Lp purchased 2,502 shares of Hudson Technologies stock. The stock was bought at an average cost of $5.10 per share, with a total value of $12,760.20.
• On Wednesday, September 16th, Hartree Partners, Lp purchased 11,136 shares of Hudson Technologies stock. The shares were bought at an average price of $5.10 per share, with a total value of $56,793.60.
• On Wednesday, September 2nd, Hartree Partners, Lp acquired 5,317 shares of Hudson Technologies stock. The shares were bought at an average cost of $5.10 per share, for a total transaction of $27,116.70.
• On Tuesday, August 25th, Hartree Partners, Lp acquired 91,166 shares of Hudson Technologies stock. The stock was bought at an average cost of $5.50 per share, for a total transaction of $501,413.00.
• On Monday, August 24th, Hartree Partners, Lp acquired 9,446 shares of Hudson Technologies stock. The stock was bought at an average cost of $5.50 per share, for a total transaction of $51,953.00.
• On Wednesday, August 12th, Hartree Partners, Lp bought 5,198 shares of Hudson Technologies stock. The stock was bought at an average price of $5.50 per share, with a total value of $28,589.00.

Hudson Technologies Trading Down 1.9%

Hudson Technologies stock traded down $0.08 during trading hours on Monday, reaching $4.23. 709,287 shares of the company were exchanged, compared to its average volume of 454,136. The firm has a market cap of $178.04 million, a price-to-earnings ratio of -211.50 and a beta of 0.89. The stock has a 50-day moving average of $5.22 and a 200 day moving average of $5.93. Hudson Technologies, Inc. has a 12 month low of $4.10 and a 12 month high of $9.10.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings results on Wednesday, October 28th. The industrial products company reported $0.05 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. As a group, research analysts forecast that Hudson Technologies, Inc. will post 0.11 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Weiss Ratings downgraded Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Canaccord Genuity Group cut their price objective on Hudson Technologies from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Thursday. B. Riley Financial dropped their price target on Hudson Technologies from $7.25 to $6.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Zacks Research lowered Hudson Technologies from a “hold” rating to a “strong sell” rating in a report on Thursday. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Hudson Technologies currently has a consensus rating of “Hold” and a consensus price target of $7.50.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Isthmus Partners LLC increased its holdings in Hudson Technologies by 3.8% in the 3rd quarter. Isthmus Partners LLC now owns 59,639 shares of the industrial products company’s stock valued at $307,000 after buying an additional 2,183 shares during the period. First Trust Advisors LP lifted its holdings in shares of Hudson Technologies by 2.2% during the 1st 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 period. State of Wyoming acquired a new stake in shares of Hudson Technologies during the 2nd quarter valued at about $78,000. Sequoia Financial Advisors LLC acquired a new stake in Hudson Technologies during the first quarter valued at approximately $82,000. Finally, EP Wealth Advisors LLC acquired a new position in shares of Hudson Technologies in the 2nd quarter worth approximately $97,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

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.