Hudson Technologies (NASDAQ:HDSN) Stock: Insider Hartree Partners, Lp Buys 41,290 Shares

Hudson Technologies, Inc. (NASDAQ:HDSN – Get Free Report) major shareholder Hartree Partners, Lp acquired 41,290 shares of the business’s stock in a transaction on Monday, November 2nd. The shares were bought at an average price of $4.25 per share, with a total value of $175,482.50. Following the completion of the transaction, the insider directly owned 5,648,517 shares of the company’s stock, valued at approximately $24,006,197.25. The trade was a 0.74% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Large shareholders that own at least 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 Friday, October 30th, Hartree Partners, Lp acquired 58,710 shares of Hudson Technologies stock. The shares were purchased at an average price of $4.25 per share, with a total value of $249,517.50.
  • On Thursday, October 29th, Hartree Partners, Lp bought 200,000 shares of Hudson Technologies stock. The stock was purchased at an average cost of $4.44 per share, for a total transaction of $888,000.00.
  • On Thursday, September 24th, Hartree Partners, Lp bought 118,549 shares of Hudson Technologies stock. The shares were purchased at an average price of $5.10 per share, for a total transaction of $604,599.90.
  • On Wednesday, September 23rd, Hartree Partners, Lp purchased 11,013 shares of Hudson Technologies stock. The shares were purchased at an average cost of $5.10 per share, with a total value of $56,166.30.
  • On Monday, September 21st, Hartree Partners, Lp purchased 2,502 shares of Hudson Technologies stock. The shares were purchased 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 stock was purchased 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 purchased 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 shares were purchased at an average price of $5.50 per share, for a total transaction of $501,413.00.
  • On Monday, August 24th, Hartree Partners, Lp purchased 9,446 shares of Hudson Technologies stock. The shares were acquired 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 shares were acquired at an average price of $5.50 per share, for a total transaction of $28,589.00.

Hudson Technologies Stock Down 1.9%

Shares of HDSN traded down $0.08 during mid-day trading on Monday, hitting $4.23. 709,287 shares of the company’s stock were exchanged, compared to its average volume of 454,136. Hudson Technologies, Inc. has a 52 week low of $4.10 and a 52 week high of $9.10. The stock’s 50-day simple moving average is $5.22 and its 200-day simple moving average is $5.93. The firm has a market cap of $178.04 million, a price-to-earnings ratio of -211.50 and a beta of 0.89.

Hudson Technologies (NASDAQ:HDSN – Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.07). Hudson Technologies had a positive return on equity of 0.80% and a negative net margin of 0.54%. The company had revenue of $59.42 million for the quarter, compared to analyst estimates of $77.96 million. Analysts forecast that Hudson Technologies, Inc. will post 0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on HDSN shares. B. Riley Financial reduced their target price on Hudson Technologies from $7.25 to $6.00 and set a “buy” rating on the stock in a report on Thursday. Zacks Research cut shares of Hudson Technologies from a “hold” rating to a “strong sell” rating in a research report on Thursday. 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. Finally, Canaccord Genuity Group reduced their price objective on shares of Hudson Technologies from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Thursday. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $7.50.

View Our Latest Report on Hudson Technologies

Institutional Investors Weigh In On Hudson Technologies

A number of large investors have recently modified their holdings of HDSN. JB Capital Partners LP acquired a new position in shares of Hudson Technologies during the 2nd quarter worth $1,757,588. Empowered Funds LLC bought a new stake in shares of Hudson Technologies during the 2nd quarter worth $1,182,000. Bank of New York Mellon Corp acquired a new stake in Hudson Technologies in the second quarter valued at about $1,175,000. BlackRock Inc. bought a new position in Hudson Technologies in the second quarter valued at about $16,303,000. Finally, Segall Bryant & Hamill LLC raised its stake in Hudson Technologies by 248.4% during the first 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 in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Hudson Technologies Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Hudson Technologies (NASDAQ:HDSN)

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