Hudson Technologies (NASDAQ:HDSN) Major Shareholder Acquires $175,482.50 in Stock

Hudson Technologies, Inc. (NASDAQ:HDSN – Get Free Report) major shareholder Hartree Partners, Lp purchased 41,290 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The stock was bought at an average cost of $4.25 per share, for a total transaction of $175,482.50. Following the completion of the acquisition, the insider directly owned 5,648,517 shares of the company’s stock, valued at $24,006,197.25. This represents a 0.74% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Large 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 Friday, October 30th, Hartree Partners, Lp acquired 58,710 shares of Hudson Technologies stock. The shares were acquired 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 shares were 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 acquired 118,549 shares of Hudson Technologies stock. The shares were acquired at an average price of $5.10 per share, with a total value of $604,599.90.
  • On Wednesday, September 23rd, Hartree Partners, Lp acquired 11,013 shares of Hudson Technologies stock. The shares were bought at an average price 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 stock was 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 acquired 11,136 shares of Hudson Technologies stock. The stock was bought at an average price of $5.10 per share, for a total transaction of $56,793.60.
  • On Wednesday, September 2nd, Hartree Partners, Lp acquired 5,317 shares of Hudson Technologies stock. The stock was bought 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 stock was bought at an average price of $5.50 per share, for a total transaction of $501,413.00.
  • On Monday, August 24th, Hartree Partners, Lp bought 9,446 shares of Hudson Technologies stock. The stock was purchased at an average cost of $5.50 per share, with a total value of $51,953.00.
  • On Wednesday, August 12th, Hartree Partners, Lp bought 5,198 shares of Hudson Technologies stock. The stock was purchased at an average price of $5.50 per share, for a total transaction of $28,589.00.

Hudson Technologies Trading Up 2.1%

Shares of NASDAQ:HDSN opened at $4.41 on Thursday. Hudson Technologies, Inc. has a 1-year low of $4.10 and a 1-year high of $8.78. The business has a 50-day moving average price of $5.14 and a two-hundred day moving average price of $5.89. The stock has a market capitalization of $185.62 million, a P/E ratio of -220.50 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 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.07). Hudson Technologies had a negative net margin of 0.54% and a positive return on equity of 0.80%. The firm had revenue of $59.42 million during the quarter, compared to the consensus estimate of $77.96 million. As a group, equities analysts predict that Hudson Technologies, Inc. will post 0.11 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HDSN. B. Riley Financial reduced 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. Zacks Research lowered Hudson Technologies from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 29th. Weiss Ratings lowered 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 target on Hudson Technologies from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Thursday, October 29th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $7.50.

Read Our Latest Research Report on Hudson Technologies

Hedge Funds Weigh In On Hudson Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HDSN. Isthmus Partners LLC raised its holdings in shares of Hudson Technologies by 3.8% during the 3rd 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 in the last quarter. SummerHaven Investment Management LLC purchased a new stake in shares of Hudson Technologies in the 3rd quarter valued at $473,000. Squarepoint Ops LLC grew its holdings in shares of Hudson Technologies by 154.5% during the 2nd quarter. Squarepoint Ops LLC now owns 66,220 shares of the industrial products company’s stock valued at $380,000 after purchasing an additional 40,202 shares during the last quarter. Kerrisdale Advisers LLC lifted its stake in Hudson Technologies by 420.6% in the second quarter. Kerrisdale Advisers LLC now owns 299,976 shares of the industrial products company’s stock worth $1,722,000 after purchasing an additional 242,354 shares during the last quarter. Finally, Ancora Advisors LLC bought a new position in shares of Hudson Technologies during the second quarter valued at about $1,741,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

About Hudson Technologies

(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.

Recommended Stories

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

Receive News & Ratings for Hudson Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudson Technologies and related companies with MarketBeat.com's FREE daily email newsletter.