Insider Buying: Hudson Technologies (NASDAQ:HDSN) Major Shareholder Acquires 200,000 Shares of Stock

Key Points

• Hartree Partners increased its Hudson Technologies stake by purchasing 200,000 shares at $4.44 each, an $888,000 transaction that raised its holdings 3.74% to 5.55 million shares.
• Hudson Technologies’ stock traded at $4.23, near its 52-week low of $4.10, after the company reported quarterly revenue of $59.42 million and EPS of $0.05—both below analyst expectations.
• Analyst sentiment is mixed: two firms maintain Buy ratings while others rate the stock Hold or Sell; the consensus rating is Hold with a $7.50 price target.

Hudson Technologies, Inc. (NASDAQ:HDSN - Get Free Report) major shareholder Hartree Partners, Lp purchased 200,000 shares of the company's stock in a transaction that occurred on Thursday, October 29th. The stock was bought at an average cost of $4.44 per share, for a total transaction of $888,000.00. Following the purchase, the insider directly owned 5,548,517 shares in the company, valued at $24,635,415.48. This represents a 3.74% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% 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 acquired 41,290 shares of Hudson Technologies stock. The shares were purchased at an average cost of $4.25 per share, with a total value of $175,482.50.
• On Friday, October 30th, Hartree Partners, Lp bought 58,710 shares of Hudson Technologies stock. The stock was purchased at an average price of $4.25 per share, with a total value of $249,517.50.
• On Thursday, September 24th, Hartree Partners, Lp bought 118,549 shares of Hudson Technologies stock. The stock was purchased at an average price of $5.10 per share, with a total value of $604,599.90.
• On Wednesday, September 23rd, Hartree Partners, Lp bought 11,013 shares of Hudson Technologies stock. The stock was purchased at an average cost of $5.10 per share, for a total transaction of $56,166.30.
• On Monday, September 21st, Hartree Partners, Lp bought 2,502 shares of Hudson Technologies stock. The stock was purchased at an average cost of $5.10 per share, for a total transaction of $12,760.20.
• On Wednesday, September 16th, Hartree Partners, Lp purchased 11,136 shares of Hudson Technologies stock. The shares were purchased at an average price of $5.10 per share, for a total transaction of $56,793.60.
• On Wednesday, September 2nd, Hartree Partners, Lp purchased 5,317 shares of Hudson Technologies stock. The stock was purchased at an average price of $5.10 per share, with a total value of $27,116.70.
• On Tuesday, August 25th, Hartree Partners, Lp purchased 91,166 shares of Hudson Technologies stock. The stock was purchased 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 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 acquired 5,198 shares of Hudson Technologies stock. The shares were purchased at an average price of $5.50 per share, for a total transaction of $28,589.00.

Hudson Technologies Price Performance

NASDAQ HDSN traded down $0.08 on Monday, hitting $4.23. 709,287 shares of the stock were exchanged, compared to its average volume of 454,136. The company's 50-day moving average price is $5.22 and its two-hundred day moving average price is $5.93. Hudson Technologies, Inc. has a 52-week low of $4.10 and a 52-week high of $9.10. The company has a market capitalization 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 earnings results on Wednesday, October 28th. The industrial products company reported $0.05 EPS 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 business had revenue of $59.42 million during the quarter, compared to analyst estimates of $77.96 million. Equities analysts predict that Hudson Technologies, Inc. will post 0.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. State of Wyoming acquired a new position in Hudson Technologies in the 2nd quarter worth about $78,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Hudson Technologies during the 1st quarter valued at about $82,000. EP Wealth Advisors LLC bought a new stake in shares of Hudson Technologies in the 2nd quarter valued at approximately $97,000. Empirical Asset Management LLC bought a new stake in shares of Hudson Technologies in the 2nd quarter valued at approximately $98,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Hudson Technologies in the second quarter worth approximately $106,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. B. Riley Financial dropped 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 report on Thursday. Canaccord Genuity Group lowered 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 report on Thursday. Finally, Weiss Ratings lowered shares of Hudson Technologies from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, August 11th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Hudson Technologies presently has an average rating of "Hold" and a consensus price target of $7.50.

Hudson Technologies Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.