Hudson Technologies (NASDAQ:HDSN) Major Shareholder Acquires $56,166.30 in Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp purchased 11,013 shares of the firm’s stock in a transaction on Wednesday, September 23rd. The shares were acquired at an average cost of $5.10 per share, for a total transaction of $56,166.30. Following the completion of the acquisition, the insider owned 5,229,968 shares of the company’s stock, valued at approximately $26,672,836.80. This trade represents a 0.21% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more 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 Monday, September 21st, Hartree Partners, Lp acquired 2,502 shares of Hudson Technologies stock. The stock was acquired at an average cost of $5.10 per share, with a total value of $12,760.20.
• On Wednesday, September 16th, Hartree Partners, Lp bought 11,136 shares of Hudson Technologies stock. The shares were acquired at an average price of $5.10 per share, with a total value of $56,793.60.
• On Wednesday, September 2nd, Hartree Partners, Lp bought 5,317 shares of Hudson Technologies stock. The shares were acquired at an average cost of $5.10 per share, for a total transaction of $27,116.70.
• On Tuesday, August 25th, Hartree Partners, Lp purchased 91,166 shares of Hudson Technologies stock. The stock was acquired at an average price of $5.50 per share, with a total value of $501,413.00.
• On Monday, August 24th, Hartree Partners, Lp acquired 9,446 shares of Hudson Technologies stock. The shares were bought at an average cost of $5.50 per share, with a total value of $51,953.00.
• On Wednesday, August 12th, Hartree Partners, Lp acquired 5,198 shares of Hudson Technologies stock. The shares were bought 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 bought at an average cost of $5.99 per share, for a total transaction of $312,102.96.
• On Tuesday, July 21st, Hartree Partners, Lp bought 47,708 shares of Hudson Technologies stock. The shares were bought at an average price of $5.99 per share, with a total value of $285,770.92.
• On Monday, July 20th, Hartree Partners, Lp bought 17,842 shares of Hudson Technologies stock. The shares were bought at an average cost of $5.99 per share, with a total value of $106,873.58.
• On Tuesday, July 7th, Hartree Partners, Lp purchased 600 shares of Hudson Technologies stock. The stock was bought at an average price of $5.99 per share, for a total transaction of $3,594.00.

Hudson Technologies Stock Down 1.3%

HDSN opened at $5.16 on Friday. The company has a market capitalization of $217.18 million, a PE ratio of 25.80 and a beta of 0.77. The firm has a 50-day simple moving average of $5.61 and a two-hundred day simple moving average of $5.73. Hudson Technologies, Inc. has a 52 week low of $4.64 and a 52 week high of $10.06.

Hudson Technologies (NASDAQ:HDSN) last issued its earnings results on Wednesday, August 5th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.06). Hudson Technologies had a return on equity of 4.95% and a net margin of 3.51%.The firm had revenue of $78.35 million during the quarter, compared to the consensus estimate of $74.20 million. As a group, sell-side analysts expect that Hudson Technologies, Inc. will post 0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Canaccord Genuity Group lowered their target price on Hudson Technologies from $9.00 to $8.00 and set a “buy” rating for the company 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 analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $8.62.

Institutional Investors Weigh In On Hudson Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. purchased a new position in Hudson Technologies during the 2nd quarter valued at $16,303,000. Segall Bryant & Hamill LLC boosted its stake in shares of 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 valued at $3,695,000 after purchasing an additional 447,987 shares during the period. JB Capital Partners LP purchased a new stake in shares of Hudson Technologies during the second quarter valued at $1,757,588. Ancora Advisors LLC bought a new position in shares of Hudson Technologies in the second quarter worth about $1,741,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Hudson Technologies by 53,751.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 269,256 shares of the industrial products company’s stock worth $1,844,000 after buying an additional 268,756 shares during the period. 71.34% of the stock is owned by institutional investors.

Hudson Technologies Company Profile

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.