Hartree Partners, Lp Purchases 9,446 Shares of Hudson Technologies (NASDAQ:HDSN) Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp purchased 9,446 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were acquired at an average price of $5.50 per share, for a total transaction of $51,953.00. Following the completion of the transaction, the insider owned 5,108,834 shares in the company, valued at $28,098,587. The trade was a 0.19% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more 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 Tuesday, August 25th, Hartree Partners, Lp acquired 91,166 shares of Hudson Technologies stock. The stock was acquired at an average price of $5.50 per share, with a total value of $501,413.00.
• On Wednesday, August 12th, Hartree Partners, Lp acquired 5,198 shares of Hudson Technologies stock. The stock was acquired at an average price of $5.50 per share, with a total value of $28,589.00.
• On Wednesday, July 29th, Hartree Partners, Lp acquired 52,104 shares of Hudson Technologies stock. The stock was acquired at an average cost of $5.99 per share, for a total transaction of $312,102.96.
• On Tuesday, July 21st, Hartree Partners, Lp bought 47,708 shares of Hudson Technologies stock. The shares were acquired at an average price of $5.99 per share, for a total transaction of $285,770.92.
• On Monday, July 20th, Hartree Partners, Lp bought 17,842 shares of Hudson Technologies stock. The stock was acquired at an average price of $5.99 per share, with a total value of $106,873.58.
• On Tuesday, July 7th, Hartree Partners, Lp bought 600 shares of Hudson Technologies stock. The stock was acquired at an average price of $5.99 per share, with a total value of $3,594.00.
• On Monday, July 6th, Hartree Partners, Lp purchased 4,634 shares of Hudson Technologies stock. The stock was acquired at an average cost of $5.99 per share, with a total value of $27,757.66.
• On Thursday, July 2nd, Hartree Partners, Lp purchased 271,302 shares of Hudson Technologies stock. The shares were bought 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 acquired 288,111 shares of Hudson Technologies stock. The shares were bought at an average cost of $5.88 per share, for a total transaction of $1,694,092.68.
• On Tuesday, June 30th, Hartree Partners, Lp acquired 204,789 shares of Hudson Technologies stock. The shares were bought at an average cost of $5.68 per share, for a total transaction of $1,163,201.52.

Hudson Technologies Trading Up 3.6%

HDSN opened at $5.48 on Friday. The stock has a market capitalization of $230.65 million, a PE ratio of 27.40 and a beta of 0.78. Hudson Technologies, Inc. has a 1-year low of $4.64 and a 1-year high of $10.52. The firm has a 50-day moving average price of $5.92 and a two-hundred day moving average price of $6.00.

Hudson Technologies (NASDAQ:HDSN) last announced its earnings results on Wednesday, August 5th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.06). Hudson Technologies had a return on equity of 4.95% and a net margin of 3.51%.The company had revenue of $78.35 million for the quarter, compared to analyst estimates of $74.20 million. On average, research analysts predict that Hudson Technologies, Inc. will post 0.17 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in shares of Hudson Technologies during the 2nd quarter worth approximately $16,303,000. Westerly Capital Management LLC raised its stake in shares of Hudson Technologies by 63.3% during the second quarter. Westerly Capital Management LLC now owns 2,000,000 shares of the industrial products company’s stock worth $16,240,000 after buying an additional 775,000 shares during the last quarter. Segall Bryant & Hamill LLC lifted its holdings in Hudson Technologies by 248.4% in the first quarter. Segall Bryant & Hamill LLC now owns 628,341 shares of the industrial products company’s stock valued at $3,695,000 after buying an additional 447,987 shares during the period. Marshall Wace LLP lifted its holdings in Hudson Technologies by 270.4% in the fourth quarter. Marshall Wace LLP now owns 465,130 shares of the industrial products company’s stock valued at $3,186,000 after buying an additional 339,543 shares during the period. Finally, JB Capital Partners LP bought a new position in Hudson Technologies in the second quarter valued at approximately $1,757,588,000. Institutional investors own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

HDSN has been the topic of several research reports. Canaccord Genuity Group reduced their price objective on Hudson Technologies from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Weiss Ratings cut Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Finally, Wall Street Zen downgraded Hudson Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Hudson Technologies has an average rating of “Hold” and a consensus target price of $8.62.

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.