Hudson Technologies (NASDAQ:HDSN) Major Shareholder Buys $28,589.00 in Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp purchased 5,198 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The stock was acquired at an average price of $5.50 per share, for a total transaction of $28,589.00. Following the completion of the purchase, the insider directly owned 5,099,388 shares of the company’s stock, valued at $28,046,634. This represents a 0.10% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own more than 10% 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 Wednesday, July 29th, Hartree Partners, Lp purchased 52,104 shares of Hudson Technologies stock. The shares were acquired at an average cost of $5.99 per share, for a total transaction of $312,102.96.
• On Tuesday, July 21st, Hartree Partners, Lp acquired 47,708 shares of Hudson Technologies stock. The stock was acquired at an average price of $5.99 per share, with a total value of $285,770.92.
• On Monday, July 20th, Hartree Partners, Lp acquired 17,842 shares of Hudson Technologies stock. The stock was acquired at an average cost of $5.99 per share, with a total value of $106,873.58.
• On Tuesday, July 7th, Hartree Partners, Lp bought 600 shares of Hudson Technologies stock. The shares were acquired at an average price of $5.99 per share, for a total transaction of $3,594.00.
• On Monday, July 6th, Hartree Partners, Lp bought 4,634 shares of Hudson Technologies stock. The shares were acquired at an average cost of $5.99 per share, for a total transaction of $27,757.66.
• On Thursday, July 2nd, Hartree Partners, Lp bought 271,302 shares of Hudson Technologies stock. The shares were acquired at an average cost of $5.97 per share, for a total transaction of $1,619,672.94.
• On Wednesday, July 1st, Hartree Partners, Lp purchased 288,111 shares of Hudson Technologies stock. The stock was acquired at an average price of $5.88 per share, with a total value of $1,694,092.68.
• On Tuesday, June 30th, Hartree Partners, Lp purchased 204,789 shares of Hudson Technologies stock. The stock was bought at an average price of $5.68 per share, with a total value of $1,163,201.52.

Hudson Technologies Price Performance

Shares of NASDAQ:HDSN opened at $5.67 on Monday. The company has a market capitalization of $238.65 million, a P/E ratio of 28.35 and a beta of 0.78. Hudson Technologies, Inc. has a 1 year low of $4.64 and a 1 year high of $10.52. The business’s 50 day simple moving average is $5.91 and its 200 day simple moving average is $6.11.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.06). Hudson Technologies had a return on equity of 4.95% and a net margin of 3.51%.The company had revenue of $78.35 million for the quarter, compared to the consensus estimate of $74.20 million. On average, sell-side analysts anticipate that Hudson Technologies, Inc. will post 0.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue acquired a new stake in shares of Hudson Technologies in the 4th quarter valued at approximately $28,000. Quarry LP grew its holdings in shares of Hudson Technologies by 51.9% during the 3rd quarter. Quarry LP now owns 5,281 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 1,805 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new position in Hudson Technologies during the 4th quarter worth approximately $62,000. Tower Research Capital LLC TRC increased its position in Hudson Technologies by 177.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,715 shares of the industrial products company’s stock worth $71,000 after purchasing an additional 5,576 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in Hudson Technologies by 88.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,530 shares of the industrial products company’s stock valued at $75,000 after purchasing an additional 3,532 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Canaccord Genuity Group decreased 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 note on Thursday, August 6th. Wall Street Zen cut Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings cut Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average 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.