Hartree Partners, Lp Buys 5,198 Shares of Hudson Technologies (NASDAQ:HDSN) Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp purchased 5,198 shares of Hudson Technologies stock in a transaction dated Wednesday, August 12th. The stock was bought at an average cost of $5.50 per share, with a total value of $28,589.00. Following the completion of the purchase, the insider owned 5,099,388 shares in the company, valued at approximately $28,046,634. This trade represents a 0.10% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% 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 Wednesday, July 29th, Hartree Partners, Lp acquired 52,104 shares of Hudson Technologies stock. The stock was bought at an average price of $5.99 per share, with a total value of $312,102.96.
• On Tuesday, July 21st, Hartree Partners, Lp acquired 47,708 shares of Hudson Technologies stock. The shares were bought 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 shares were purchased at an average cost of $5.99 per share, for a total transaction of $106,873.58.
• On Tuesday, July 7th, Hartree Partners, Lp purchased 600 shares of Hudson Technologies stock. The shares were purchased at an average cost 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 shares were purchased at an average price of $5.99 per share, for a total transaction of $27,757.66.
• On Thursday, July 2nd, Hartree Partners, Lp acquired 271,302 shares of Hudson Technologies stock. The stock was purchased at an average cost 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 stock was purchased at an average price of $5.88 per share, with a total value of $1,694,092.68.
• On Tuesday, June 30th, Hartree Partners, Lp acquired 204,789 shares of Hudson Technologies stock. The stock was purchased at an average price of $5.68 per share, with a total value of $1,163,201.52.

Hudson Technologies Stock Up 0.2%

NASDAQ:HDSN opened at $5.67 on Friday. The business’s 50-day moving average price is $5.91 and its 200 day moving average price is $6.11. Hudson Technologies, Inc. has a 52-week low of $4.64 and a 52-week high of $10.52. The firm has a market cap of $238.64 million, a P/E ratio of 28.35 and a beta of 0.78.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.06). The business had revenue of $78.35 million for the quarter, compared to the consensus estimate of $74.20 million. Hudson Technologies had a net margin of 3.51% and a return on equity of 4.95%. Sell-side analysts expect that Hudson Technologies, Inc. will post 0.17 EPS for the current year.

Institutional Trading of Hudson Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue acquired a new position in shares of Hudson Technologies in the fourth quarter worth about $28,000. Quarry LP raised its holdings in shares of Hudson Technologies by 51.9% during 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 during the period. Kemnay Advisory Services Inc. acquired a new stake in shares of Hudson Technologies during the fourth quarter valued at approximately $62,000. Tower Research Capital LLC TRC lifted its position in shares of Hudson Technologies by 177.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,715 shares of the industrial products company’s stock valued at $71,000 after acquiring an additional 5,576 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of Hudson Technologies by 88.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,530 shares of the industrial products company’s stock valued at $75,000 after acquiring an additional 3,532 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

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