Hudson Technologies (NASDAQ:HDSN) Major Shareholder Hartree Partners, Lp Purchases 4,634 Shares of Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp acquired 4,634 shares of Hudson Technologies stock in a transaction that occurred on Monday, July 6th. The shares were purchased at an average price of $5.99 per share, with a total value of $27,757.66. Following the purchase, the insider owned 4,975,936 shares in the company, valued at $29,805,856.64. This represents a 0.09% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Hartree Partners, Lp also recently made the following trade(s):

• On Tuesday, July 7th, Hartree Partners, Lp bought 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 Thursday, July 2nd, Hartree Partners, Lp purchased 271,302 shares of Hudson Technologies stock. The shares were acquired at an average price of $5.97 per share, for a total transaction of $1,619,672.94.
• On Wednesday, July 1st, Hartree Partners, Lp purchased 288,111 shares of Hudson Technologies stock. The shares were bought at an average price of $5.88 per share, for a total transaction of $1,694,092.68.
• On Tuesday, June 30th, Hartree Partners, Lp bought 204,789 shares of Hudson Technologies stock. The stock was purchased at an average cost of $5.68 per share, for a total transaction of $1,163,201.52.

Hudson Technologies Stock Performance

Shares of HDSN stock opened at $6.44 on Thursday. Hudson Technologies, Inc. has a fifty-two week low of $4.64 and a fifty-two week high of $10.52. The stock’s 50-day simple moving average is $5.54 and its 200-day simple moving average is $6.31. The firm has a market capitalization of $270.93 million, a PE ratio of 20.77 and a beta of 0.78.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.04). Hudson Technologies had a net margin of 5.66% and a return on equity of 6.98%. The business had revenue of $60.15 million for the quarter, compared to analyst estimates of $57.15 million. Sell-side analysts forecast that Hudson Technologies, Inc. will post 0.34 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on HDSN. Weiss Ratings cut shares of Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 28th. Canaccord Genuity Group reduced their price objective on Hudson Technologies from $9.50 to $9.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Finally, Wall Street Zen lowered shares of Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Hudson Technologies has an average rating of “Hold” and an average target price of $8.88.

Institutional Investors Weigh In On Hudson Technologies

Institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue acquired a new position in Hudson Technologies in the 4th quarter valued at about $28,000. Quarry LP raised its stake in shares of Hudson Technologies by 51.9% in the third quarter. Quarry LP now owns 5,281 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 1,805 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new position in shares of Hudson Technologies in the 4th quarter valued at about $62,000. Tower Research Capital LLC TRC lifted its stake in Hudson Technologies by 177.6% in the second quarter. Tower Research Capital LLC TRC now owns 8,715 shares of the industrial products company’s stock worth $71,000 after acquiring an additional 5,576 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of Hudson Technologies by 88.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,530 shares of the industrial products company’s stock worth $75,000 after purchasing an additional 3,532 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Hudson Technologies Company Profile

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.