Hudson Technologies (NASDAQ:HDSN) Major Shareholder Hartree Partners, Lp Acquires 52,104 Shares

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp bought 52,104 shares of the business’s stock in a transaction on Wednesday, July 29th. The stock was purchased at an average price of $5.99 per share, for a total transaction of $312,102.96. Following the purchase, the insider directly owned 5,094,190 shares in the company, valued at approximately $30,514,198.10. This represents a 1.03% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major 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 21st, Hartree Partners, Lp purchased 47,708 shares of Hudson Technologies stock. The shares were acquired at an average cost of $5.99 per share, with a total value of $285,770.92.
• On Monday, July 20th, Hartree Partners, Lp acquired 17,842 shares of Hudson Technologies stock. The stock was acquired at an average price of $5.99 per share, for a total transaction of $106,873.58.
• On Tuesday, July 7th, Hartree Partners, Lp acquired 600 shares of Hudson Technologies stock. The stock was acquired at an average cost of $5.99 per share, for a total transaction of $3,594.00.
• On Monday, July 6th, Hartree Partners, Lp acquired 4,634 shares of Hudson Technologies stock. The stock was acquired at an average cost of $5.99 per share, for a total transaction of $27,757.66.
• On Thursday, July 2nd, Hartree Partners, Lp bought 271,302 shares of Hudson Technologies stock. The shares were acquired at an average price of $5.97 per share, with a total value of $1,619,672.94.
• On Wednesday, July 1st, Hartree Partners, Lp bought 288,111 shares of Hudson Technologies stock. The stock was acquired at an average cost of $5.88 per share, with a total value of $1,694,092.68.
• On Tuesday, June 30th, Hartree Partners, Lp purchased 204,789 shares of Hudson Technologies stock. The stock was acquired at an average price of $5.68 per share, for a total transaction of $1,163,201.52.

Hudson Technologies Price Performance

Shares of NASDAQ:HDSN opened at $6.04 on Friday. The company’s 50-day moving average price is $5.81 and its two-hundred day moving average price is $6.22. Hudson Technologies, Inc. has a one year low of $4.64 and a one year high of $10.52. The stock has a market capitalization of $254.10 million, a PE ratio of 19.48 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 earnings per share 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 company had revenue of $60.15 million during the quarter, compared to the consensus estimate of $57.15 million. On average, analysts anticipate that Hudson Technologies, Inc. will post 0.34 earnings per share for the current fiscal year.

Institutional Trading of Hudson Technologies

Several hedge funds and other institutional investors have recently modified their holdings of HDSN. AQR Capital Management LLC raised its holdings in Hudson Technologies by 7.2% in the 1st quarter. AQR Capital Management LLC now owns 591,645 shares of the industrial products company’s stock valued at $3,650,000 after acquiring an additional 39,654 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Hudson Technologies during the first quarter worth approximately $97,000. Goldman Sachs Group Inc. boosted its holdings in shares of Hudson Technologies by 49.1% during the first quarter. Goldman Sachs Group Inc. now owns 245,760 shares of the industrial products company’s stock worth $1,516,000 after acquiring an additional 80,973 shares during the period. Invesco Ltd. boosted its holdings in shares of Hudson Technologies by 21.5% during the second quarter. Invesco Ltd. now owns 71,748 shares of the industrial products company’s stock worth $583,000 after acquiring an additional 12,683 shares during the period. Finally, Quantinno Capital Management LP grew its position in shares of Hudson Technologies by 87.7% in the second quarter. Quantinno Capital Management LP now owns 45,416 shares of the industrial products company’s stock valued at $369,000 after purchasing an additional 21,220 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HDSN. Weiss Ratings upgraded Hudson Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. Wall Street Zen cut shares of Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Canaccord Genuity Group lowered their target price on shares of Hudson Technologies from $9.50 to $9.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Hudson Technologies currently has a consensus rating of “Hold” and a consensus price target of $8.88.

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.