HDSN HUDSON TECHNOLOGIES INC /NY
Price Chart
Executive Summary
Four HDSN insiders, including CEO Kenneth Gaglione and three directors, made open-market purchases totaling $122K on May 13, 2026, at ~$4.86/share. This cluster follows a material credit agreement amendment (Fifth Amendment to the Amended and Restated Credit Agreement, filed May 20) that reduced the Letter of Credit Sublimit to $2.5M, suggesting improved liquidity terms. The insider buying aligns with the credit-positive amendment, reinforcing a bullish signal for the stock.
Key Financial Metrics
Actionable Insight
The cluster of insider purchases, particularly the CEO's participation, combined with the credit amendment, is a bullish signal. Monitor for any subsequent 8-K or press release detailing the amendment's terms. If the stock remains near $4.86, the insider buying suggests management sees value. Consider accumulating on weakness.
Key Facts
- Four insiders (CEO + 3 directors) purchased a total of 25,200 shares for ~$122K in open-market transactions on May 13, 2026.
- The cluster represents ~0.06% of HDSN's $209M market cap, below the 0.1% threshold for materiality, but the CEO's participation and the credit amendment context amplify the signal.
- A Fifth Amendment to the Credit Agreement was filed May 20, reducing the Letter of Credit Sublimit to $2.5M, indicating improved credit terms or reduced reliance on letters of credit.
- CFO Brian Bertaux also purchased 2,000 shares for $9,740 on May 19, adding to the insider buying momentum.
- The cluster occurred 7 days before the credit amendment filing, suggesting insiders may have been informed of the improved credit terms.
Financial Impact
Insider purchases total ~$122K, or 0.06% of market cap. The credit amendment's financial impact is not quantified but signals improved liquidity.
Risk Factors
- The cluster's dollar value is small relative to market cap (0.06%), which limits the signal's strength.
- Historical performance on HDSN reports shows a 25% win rate at T+20, indicating past bullish calls have not consistently worked.
- The credit amendment's specific terms (e.g., interest rate changes, covenant adjustments) are not disclosed, leaving uncertainty about the magnitude of the improvement.
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-HDSN-1779377529425 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 21, 2026
19d ago
|
Insider Cluster
| $5.17 $5.37 | ▲ +3.87% | ▲ +2.27% | $5.45 (+5.42%) |
|
May 21, 2026
19d ago
|
Insider Cluster
| $5.17 $5.37 | ▲ +3.87% | ▲ +2.27% | $5.45 (+5.42%) |
|
May 18, 2026
22d ago
|
8-K
| $4.95 $5.13 | ▲ +3.64% | ▲ +2.02% | $5.45 (+10.10%) |
|
May 15, 2026
25d ago
|
Insider Cluster
| $4.92 $5.06 | ▲ +2.85% | ▲ +1.88% | $5.45 (+10.77%) |
|
May 15, 2026
25d ago
|
Insider Cluster
| $4.92 $5.06 | ▲ +2.85% | ▲ +1.88% | $5.45 (+10.77%) |
|
Apr 24, 2026
6w ago
|
DEFA14A
| $6.30 $6.26 | ▼ −0.63% | ▼ −1.54% | $5.45 (−13.49%) |
|
Apr 22, 2026
6w ago
|
Press Release
| $6.20 $6.19 | ▲ +0.16% | ▲ +0.22% | $5.45 (+12.10%) |
|
Apr 13, 2026
8w ago
|
8-K
| $6.17 $6.39 | ▲ +3.57% | ▲ +0.27% | $5.45 (−11.67%) |
|
Mar 4, 2026
13w ago
|
8-K
| $6.35 $5.80 | ▼ −8.66% | ▼ −6.42% | $5.45 (−14.17%) |
|
Mar 4, 2026
13w ago
|
Press Release
| $6.35 $5.80 | ▼ −8.66% | ▼ −6.42% | $5.45 (−14.17%) |
US Market Status
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