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

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp acquired 5,198 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was purchased at an average cost of $5.50 per share, for a total transaction of $28,589.00. Following the purchase, the insider owned 5,099,388 shares of the company’s stock, valued at $28,046,634. This represents a 0.10% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 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 purchased 52,104 shares of Hudson Technologies stock. The shares were purchased at an average cost of $5.99 per share, for a total transaction of $312,102.96.
• On Tuesday, July 21st, Hartree Partners, Lp acquired 47,708 shares of Hudson Technologies stock. The stock was 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 bought 17,842 shares of Hudson Technologies stock. The shares were acquired at an average cost 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 shares were acquired at an average price of $5.99 per share, for a total transaction of $3,594.00.
• On Monday, July 6th, Hartree Partners, Lp bought 4,634 shares of Hudson Technologies stock. The shares were bought at an average price 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 stock was bought at an average cost 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 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 purchased 204,789 shares of Hudson Technologies stock. The stock was purchased at an average price of $5.68 per share, for a total transaction of $1,163,201.52.

Hudson Technologies Stock Up 0.2%

Shares of HDSN opened at $5.67 on Friday. The company has a 50 day moving average of $5.91 and a two-hundred day moving average of $6.11. The company has a market cap of $238.65 million, a price-to-earnings ratio of 28.35 and a beta of 0.78. 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 earnings results on Wednesday, August 5th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.06). Hudson Technologies had a net margin of 3.51% and a return on equity of 4.95%. The business had revenue of $78.35 million for the quarter, compared to analyst estimates of $74.20 million. On average, sell-side analysts expect that Hudson Technologies, Inc. will post 0.17 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HDSN. Weiss Ratings cut Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday. Wall Street Zen lowered Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Canaccord Genuity Group reduced their price target 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. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $8.62.

Hedge Funds Weigh In On Hudson Technologies

A number of large investors have recently bought and sold shares of the business. AQR Capital Management LLC grew its holdings in Hudson Technologies by 7.2% in the first quarter. AQR Capital Management LLC now owns 591,645 shares of the industrial products company’s stock valued at $3,650,000 after purchasing an additional 39,654 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Hudson Technologies during the 1st quarter worth approximately $97,000. Goldman Sachs Group Inc. lifted its position in shares of Hudson Technologies by 49.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 245,760 shares of the industrial products company’s stock valued at $1,516,000 after buying an additional 80,973 shares in the last quarter. Invesco Ltd. grew its stake in Hudson Technologies by 21.5% in the 2nd quarter. Invesco Ltd. now owns 71,748 shares of the industrial products company’s stock valued at $583,000 after acquiring an additional 12,683 shares during the period. Finally, Quantinno Capital Management LP increased its holdings in Hudson Technologies by 87.7% in the 2nd quarter. Quantinno Capital Management LP now owns 45,416 shares of the industrial products company’s stock worth $369,000 after acquiring an additional 21,220 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

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.