Hartree Partners, Lp Buys 288,111 Shares of Hudson Technologies (NASDAQ:HDSN) Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp purchased 288,111 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was bought at an average cost of $5.88 per share, for a total transaction of $1,694,092.68. Following the acquisition, the insider owned 4,700,000 shares in the company, valued at approximately $27,636,000. The trade was a 6.53% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Thursday, July 2nd, Hartree Partners, Lp purchased 271,302 shares of Hudson Technologies stock. The shares were purchased at an average cost of $5.97 per share, with a total value of $1,619,672.94.
• On Tuesday, June 30th, Hartree Partners, Lp purchased 204,789 shares of Hudson Technologies stock. The shares were purchased at an average price of $5.68 per share, with a total value of $1,163,201.52.

Hudson Technologies Price Performance

Shares of HDSN stock traded up $0.32 during trading hours on Thursday, reaching $5.99. The stock had a trading volume of 744,521 shares, compared to its average volume of 384,614. The firm has a market capitalization of $252.00 million, a PE ratio of 19.32 and a beta of 0.78. The firm has a 50-day simple moving average of $5.56 and a 200-day simple moving average of $6.35. Hudson Technologies, Inc. has a twelve month low of $4.64 and a twelve month high of $10.52.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings results 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 firm had revenue of $60.15 million during the quarter, compared to analyst estimates of $57.15 million. On average, equities analysts anticipate that Hudson Technologies, Inc. will post 0.34 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Westerly Capital Management LLC boosted its stake in shares of Hudson Technologies by 34.9% during the 4th quarter. Westerly Capital Management LLC now owns 2,550,000 shares of the industrial products company’s stock worth $17,468,000 after acquiring an additional 660,000 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Hudson Technologies by 5.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,148,311 shares of the industrial products company’s stock worth $12,631,000 after purchasing an additional 105,160 shares in the last quarter. Segall Bryant & Hamill LLC increased its stake in Hudson Technologies by 248.4% in the 1st quarter. Segall Bryant & Hamill LLC now owns 628,341 shares of the industrial products company’s stock worth $3,695,000 after purchasing an additional 447,987 shares in the last quarter. AQR Capital Management LLC raised its holdings in Hudson Technologies by 7.2% during the 1st quarter. AQR Capital Management LLC now owns 591,645 shares of the industrial products company’s stock worth $3,650,000 after buying an additional 39,654 shares during the period. Finally, Marshall Wace LLP lifted its stake in Hudson Technologies by 270.4% during 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 in the last quarter. Institutional investors own 71.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on HDSN shares. Roth Mkm decreased their target price on shares of Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Friday, March 6th. Weiss Ratings lowered shares of Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 28th. Wall Street Zen cut Hudson Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Canaccord Genuity Group decreased their target price 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, B. Riley Financial lowered their target price on Hudson Technologies from $10.50 to $9.50 and set a “buy” rating on the stock in a report on Thursday, March 5th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $8.88.

About Hudson Technologies

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.