Insider Buying: Hudson Technologies (NASDAQ:HDSN) Major Shareholder Buys $249,517.50 in Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp purchased 58,710 shares of the firm’s stock in a transaction dated Friday, October 30th. The shares were bought at an average price of $4.25 per share, with a total value of $249,517.50. Following the purchase, the insider owned 5,607,227 shares in the company, valued at $23,830,714.75. The trade was a 1.06% 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. Major shareholders that own 10% or more 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 Monday, November 2nd, Hartree Partners, Lp purchased 41,290 shares of Hudson Technologies stock. The stock was bought at an average cost of $4.25 per share, for a total transaction of $175,482.50.
• On Thursday, October 29th, Hartree Partners, Lp purchased 200,000 shares of Hudson Technologies stock. The stock was bought at an average cost of $4.44 per share, for a total transaction of $888,000.00.
• On Thursday, September 24th, Hartree Partners, Lp acquired 118,549 shares of Hudson Technologies stock. The stock was 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 acquired 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 acquired 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 bought 11,136 shares of Hudson Technologies stock. The stock was purchased at an average cost 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 stock was purchased at an average cost of $5.10 per share, with a total value of $27,116.70.
• On Tuesday, August 25th, Hartree Partners, Lp bought 91,166 shares of Hudson Technologies stock. The stock was 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 purchased at an average cost of $5.50 per share, for a total transaction of $51,953.00.
• On Wednesday, August 12th, Hartree Partners, Lp purchased 5,198 shares of Hudson Technologies stock. The shares were purchased at an average cost of $5.50 per share, for a total transaction of $28,589.00.

Hudson Technologies Stock Performance

HDSN stock opened at $4.41 on Thursday. The company has a market capitalization of $185.62 million, a price-to-earnings ratio of -220.50 and a beta of 0.89. Hudson Technologies, Inc. has a fifty-two week low of $4.10 and a fifty-two week high of $8.78. The stock has a fifty day moving average of $5.14 and a 200-day moving average of $5.89.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings data on Wednesday, October 28th. The industrial products company reported $0.05 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $59.42 million during the quarter, compared to analysts’ expectations of $77.96 million. Equities analysts predict that Hudson Technologies, Inc. will post 0.11 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on HDSN. Zacks Research downgraded shares of Hudson Technologies from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 29th. B. Riley Financial dropped their price target on shares of Hudson Technologies from $7.25 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, October 29th. Canaccord Genuity Group dropped their price target 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, October 29th. Finally, Weiss Ratings downgraded shares of Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Hudson Technologies has a consensus rating of “Hold” and a consensus price target of $7.50.

Institutional Trading of Hudson Technologies

A number of institutional investors have recently added to or reduced their stakes in the stock. Isthmus Partners LLC increased its position in shares of Hudson Technologies by 3.8% during the third quarter. Isthmus Partners LLC now owns 59,639 shares of the industrial products company’s stock valued at $307,000 after buying an additional 2,183 shares during the period. SummerHaven Investment Management LLC purchased a new stake in shares of Hudson Technologies in the third quarter worth about $473,000. Squarepoint Ops LLC boosted its position in shares of Hudson Technologies by 154.5% in the second quarter. Squarepoint Ops LLC now owns 66,220 shares of the industrial products company’s stock valued at $380,000 after acquiring an additional 40,202 shares during the period. Kerrisdale Advisers LLC boosted its position in shares of Hudson Technologies by 420.6% in the second quarter. Kerrisdale Advisers LLC now owns 299,976 shares of the industrial products company’s stock valued at $1,722,000 after acquiring an additional 242,354 shares during the period. Finally, Ancora Advisors LLC purchased a new position in Hudson Technologies during the second quarter valued at approximately $1,741,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

About Hudson Technologies

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.