Hartree Partners, Lp Acquires 91,166 Shares of Hudson Technologies (NASDAQ:HDSN) Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp bought 91,166 shares of Hudson Technologies stock in a transaction dated Tuesday, August 25th. The stock was purchased at an average cost of $5.50 per share, with a total value of $501,413.00. Following the completion of the acquisition, the insider directly owned 5,200,000 shares in the company, valued at approximately $28,600,000. The trade was a 1.78% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, August 24th, Hartree Partners, Lp purchased 9,446 shares of Hudson Technologies stock. The shares were purchased at an average price of $5.50 per share, for a total transaction of $51,953.00.
• On Wednesday, August 12th, Hartree Partners, Lp purchased 5,198 shares of Hudson Technologies stock. The shares were purchased at an average cost of $5.50 per share, for a total transaction of $28,589.00.
• On Wednesday, July 29th, Hartree Partners, Lp acquired 52,104 shares of Hudson Technologies stock. The stock was purchased 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 stock was purchased 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 price of $5.99 per share, for a total transaction of $106,873.58.
• On Tuesday, July 7th, Hartree Partners, Lp bought 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 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 purchased 271,302 shares of Hudson Technologies stock. The stock was 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 purchased 288,111 shares of Hudson Technologies stock. The shares were acquired 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 shares were acquired at an average cost of $5.68 per share, for a total transaction of $1,163,201.52.

Hudson Technologies Stock Performance

Hudson Technologies stock traded down $0.18 during midday trading on Wednesday, hitting $5.29. 594,069 shares of the company’s stock were exchanged, compared to its average volume of 438,184. The stock has a market cap of $222.66 million, a price-to-earnings ratio of 26.45 and a beta of 0.78. Hudson Technologies, Inc. has a 12-month low of $4.64 and a 12-month high of $10.52. The firm’s 50 day simple moving average is $5.93 and its 200 day simple moving average is $6.03.

Hudson Technologies (NASDAQ:HDSN) last announced its earnings results on Wednesday, August 5th. The industrial products company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $74.20 million. On average, equities research analysts forecast that Hudson Technologies, Inc. will post 0.17 EPS for the current fiscal year.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Hudson Technologies

A number of hedge funds have recently added to or reduced their stakes in HDSN. JB Capital Partners LP acquired a new position in Hudson Technologies during the second quarter worth about $1,757,588,000. Segall Bryant & Hamill LLC increased 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 in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Hudson Technologies by 53,751.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 269,256 shares of the industrial products company’s stock valued at $1,844,000 after acquiring an additional 268,756 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Hudson Technologies by 5.1% during 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 acquiring an additional 105,160 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in shares of Hudson Technologies by 10.3% during the 1st quarter. Empowered Funds LLC now owns 194,555 shares of the industrial products company’s stock worth $1,144,000 after acquiring an additional 18,142 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.