Insider Buying: Hudson Technologies (NASDAQ:HDSN) Major Shareholder Buys $56,166.30 in Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp bought 11,013 shares of the company’s stock in a transaction that occurred on Wednesday, September 23rd. The stock was bought at an average cost of $5.10 per share, for a total transaction of $56,166.30. Following the completion of the transaction, the insider directly owned 5,229,968 shares in the company, valued at approximately $26,672,836.80. The trade was a 0.21% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• 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 acquired 11,136 shares of Hudson Technologies stock. The stock was 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 stock was bought at an average price of $5.10 per share, with a total value of $27,116.70.
• On Tuesday, August 25th, Hartree Partners, Lp acquired 91,166 shares of Hudson Technologies stock. The shares were purchased at an average cost of $5.50 per share, for a total transaction of $501,413.00.
• On Monday, August 24th, Hartree Partners, Lp bought 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 bought 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 stock was 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 purchased 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 shares were purchased 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 purchased at an average price of $5.99 per share, for a total transaction of $3,594.00.

Hudson Technologies Stock Down 1.7%

HDSN traded down $0.09 during trading on Wednesday, hitting $5.14. 423,081 shares of the stock were exchanged, compared to its average volume of 441,064. Hudson Technologies, Inc. has a 1-year low of $4.64 and a 1-year high of $10.06. The stock has a fifty day moving average price of $5.67 and a two-hundred day moving average price of $5.75. The firm has a market capitalization of $216.34 million, a P/E ratio of 25.70 and a beta of 0.77.

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

Hedge Funds Weigh In On Hudson Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Hudson Technologies during the 2nd quarter worth $16,303,000. Segall Bryant & Hamill LLC lifted its stake in shares of Hudson Technologies by 248.4% in the 1st 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 during the period. JB Capital Partners LP purchased a new stake in shares of Hudson Technologies in the second quarter valued at about $1,757,588. Ancora Advisors LLC purchased a new stake in shares of Hudson Technologies in the second quarter valued at about $1,741,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Hudson Technologies by 53,751.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 269,256 shares of the industrial products company’s stock worth $1,844,000 after acquiring an additional 268,756 shares during the period. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HDSN. Canaccord Genuity Group lowered their price objective on shares of Hudson Technologies from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Weiss Ratings downgraded shares of 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 assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Hudson Technologies has an average rating of “Hold” and an average target price of $8.62.

About Hudson Technologies

Hudson Technologies, Inc is an environmental services company focused on refrigerants and related products. The company provides refrigerant reclamation, processing, and resale services, helping customers recover and reuse refrigerants from commercial, industrial, and automotive refrigeration and air-conditioning systems.

Its offerings also include virgin, reclaimed, and specialty refrigerants; refrigerant management and compliance services; and on-site and technical services designed to support the installation, maintenance, and replacement of refrigeration and air-conditioning equipment.