Insider Buying: Hudson Technologies (NASDAQ:HDSN) Major Shareholder Buys $27,757.66 in Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp bought 4,634 shares of the company’s stock in a transaction dated Monday, July 6th. The stock was bought at an average cost of $5.99 per share, with a total value of $27,757.66. Following the completion of the acquisition, the insider owned 4,975,936 shares in the company, valued at $29,805,856.64. This represents a 0.09% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% 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 7th, Hartree Partners, Lp acquired 600 shares of Hudson Technologies stock. The stock was acquired at an average price of $5.99 per share, with a total value of $3,594.00.
• 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, 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 shares were 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 bought 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 Hudson Technologies stock opened at $6.45 on Friday. The firm has a 50 day simple moving average of $5.55 and a 200 day simple moving average of $6.31. Hudson Technologies, Inc. has a fifty-two week low of $4.64 and a fifty-two week high of $10.52. The firm has a market cap of $271.35 million, a P/E ratio of 20.81 and a beta of 0.78.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings data 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). Hudson Technologies had a return on equity of 6.98% and a net margin of 5.66%.The firm had revenue of $60.15 million for the quarter, compared to the consensus estimate of $57.15 million. On average, sell-side analysts expect that Hudson Technologies, Inc. will post 0.34 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Segall Bryant & Hamill LLC grew its stake in shares of Hudson Technologies by 248.4% in the first quarter. Segall Bryant & Hamill LLC now owns 628,341 shares of the industrial products company’s stock valued at $3,695,000 after buying an additional 447,987 shares in the last quarter. Bank of America Corp DE lifted its stake in Hudson Technologies by 22.7% in the 1st quarter. Bank of America Corp DE now owns 102,335 shares of the industrial products company’s stock valued at $602,000 after purchasing an additional 18,931 shares during the last quarter. Empowered Funds LLC increased its position in Hudson Technologies by 10.3% during the first quarter. Empowered Funds LLC now owns 194,555 shares of the industrial products company’s stock worth $1,144,000 after buying an additional 18,142 shares during the last quarter. First Trust Advisors LP lifted its position in shares of 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 valued at $853,000 after buying an additional 3,105 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Hudson Technologies by 5.1% during 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 acquiring an additional 105,160 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on HDSN shares. Weiss Ratings lowered shares of Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 28th. Canaccord Genuity Group lowered their target price on Hudson Technologies from $9.50 to $9.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Finally, Wall Street Zen lowered shares of Hudson Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $8.88.

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.