Hudson Technologies (NASDAQ:HDSN) Major Shareholder Acquires $106,873.58 in Stock

Hudson Technologies, Inc. (NASDAQ:HDSNGet Free Report) major shareholder Hartree Partners, Lp bought 17,842 shares of the company’s stock in a transaction that occurred on Monday, July 20th. The stock was purchased at an average price of $5.99 per share, with a total value of $106,873.58. Following the transaction, the insider directly owned 4,994,378 shares in the company, valued at $29,916,324.22. The trade was a 0.36% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Tuesday, July 21st, Hartree Partners, Lp bought 47,708 shares of Hudson Technologies stock. The stock was purchased at an average cost of $5.99 per share, with a total value of $285,770.92.
  • On Tuesday, July 7th, Hartree Partners, Lp purchased 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 purchased 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 acquired 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 stock was acquired at an average cost of $5.88 per share, with a total value of $1,694,092.68.
  • On Tuesday, June 30th, Hartree Partners, Lp bought 204,789 shares of Hudson Technologies stock. The shares were acquired at an average cost of $5.68 per share, for a total transaction of $1,163,201.52.

Hudson Technologies Stock Performance

NASDAQ:HDSN traded down $0.05 during trading hours on Tuesday, reaching $6.19. The company’s stock had a trading volume of 117,126 shares, compared to its average volume of 396,244. The firm has a market capitalization of $260.25 million, a price-to-earnings ratio of 19.95 and a beta of 0.78. The firm has a 50-day simple moving average of $5.73 and a 200-day simple moving average of $6.25. Hudson Technologies, Inc. has a 1 year low of $4.64 and a 1 year high of $10.52.

Hudson Technologies (NASDAQ:HDSNGet Free Report) last posted its quarterly earnings results 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 business had revenue of $60.15 million during the quarter, compared to the consensus estimate of $57.15 million. Equities analysts anticipate that Hudson Technologies, Inc. will post 0.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hudson Technologies

Several hedge funds and other institutional investors have recently modified their holdings of HDSN. Westerly Capital Management LLC grew its stake in shares of Hudson Technologies by 34.9% in the fourth quarter. Westerly Capital Management LLC now owns 2,550,000 shares of the industrial products company’s stock worth $17,468,000 after purchasing an additional 660,000 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in 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 valued at $12,631,000 after purchasing an additional 105,160 shares during the period. Segall Bryant & Hamill LLC raised its position in Hudson Technologies by 248.4% during the 1st 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 last quarter. AQR Capital Management LLC raised its position in Hudson Technologies by 7.2% during the 1st quarter. AQR Capital Management LLC now owns 591,645 shares of the industrial products company’s stock valued at $3,650,000 after purchasing an additional 39,654 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in Hudson Technologies by 270.4% in the 4th quarter. Marshall Wace LLP now owns 465,130 shares of the industrial products company’s stock worth $3,186,000 after buying an additional 339,543 shares during the period. 71.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on HDSN shares. Weiss Ratings upgraded Hudson Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday. Wall Street Zen cut Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Canaccord Genuity Group lowered their price objective on Hudson Technologies from $9.50 to $9.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $8.88.

Check Out Our Latest Stock Analysis on HDSN

About Hudson Technologies

(Get Free Report)

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.

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

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