Insider Buying: Hudson Technologies (NASDAQ:HDSN) Major Shareholder Buys 204,789 Shares of Stock

by · The Markets Daily

Hudson Technologies, Inc. (NASDAQ:HDSN – Get Free Report) major shareholder Hartree Partners, Lp acquired 204,789 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was acquired at an average cost of $5.68 per share, with a total value of $1,163,201.52. Following the purchase, the insider directly owned 4,411,889 shares in the company, valued at $25,059,529.52. This represents a 4.87% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% 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 Thursday, July 2nd, Hartree Partners, Lp bought 271,302 shares of Hudson Technologies stock. The stock was acquired 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 bought 288,111 shares of Hudson Technologies stock. The stock was acquired at an average price of $5.88 per share, for a total transaction of $1,694,092.68.

Hudson Technologies Stock Up 5.6%

Shares of NASDAQ HDSN traded up $0.32 during midday trading on Thursday, reaching $5.99. The company had a trading volume of 744,521 shares, compared to its average volume of 384,614. Hudson Technologies, Inc. has a one year low of $4.64 and a one year high of $10.52. The firm’s fifty day moving average price is $5.56 and its 200-day moving average price is $6.35. The stock has a market cap of $252.00 million, a PE ratio of 19.32 and a beta of 0.78.

Hudson Technologies (NASDAQ:HDSN – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The firm 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%. As a group, equities research analysts expect that Hudson Technologies, Inc. will post 0.34 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Wall Street Zen lowered Hudson Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Canaccord Genuity Group dropped their price target 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. Roth Mkm reduced their price target on Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Friday, March 6th. B. Riley Financial decreased their price objective on Hudson Technologies from $10.50 to $9.50 and set a “buy” rating for the company in a report on Thursday, March 5th. Finally, Weiss Ratings lowered Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 28th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $8.88.

Check Out Our Latest Report on HDSN

Hedge Funds Weigh In On Hudson Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Westerly Capital Management LLC lifted its holdings in shares of Hudson Technologies by 34.9% during 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 purchasing an additional 660,000 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Hudson Technologies by 5.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,148,311 shares of the industrial products company’s stock worth $12,631,000 after buying an additional 105,160 shares during the last quarter. Segall Bryant & Hamill LLC grew 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 buying an additional 447,987 shares during the last quarter. 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 valued at $3,650,000 after buying an additional 39,654 shares in the last quarter. Finally, Marshall Wace LLP increased its position in Hudson Technologies by 270.4% during the 4th quarter. Marshall Wace LLP now owns 465,130 shares of the industrial products company’s stock valued at $3,186,000 after buying an additional 339,543 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

About Hudson Technologies

(Get Free Report)

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.

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