Hudson Technologies (NASDAQ:HDSN) Major Shareholder Hartree Partners, Lp Buys 47,708 Shares

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp acquired 47,708 shares of Hudson Technologies stock in a transaction that occurred on Tuesday, July 21st. The stock was acquired at an average cost of $5.99 per share, for a total transaction of $285,770.92. Following the purchase, the insider owned 5,042,086 shares of the company’s stock, valued at $30,202,095.14. The trade was a 0.96% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 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, July 20th, Hartree Partners, Lp bought 17,842 shares of Hudson Technologies stock. The shares were bought at an average cost of $5.99 per share, with a total value of $106,873.58.
• On Tuesday, July 7th, Hartree Partners, Lp bought 600 shares of Hudson Technologies stock. The shares were bought 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 stock was bought at an average price 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 bought at an average price of $5.97 per share, for a total transaction of $1,619,672.94.
• On Wednesday, July 1st, Hartree Partners, Lp purchased 288,111 shares of Hudson Technologies stock. The stock was bought 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 acquired 204,789 shares of Hudson Technologies stock. The shares were bought at an average price of $5.68 per share, with a total value of $1,163,201.52.

Hudson Technologies Price Performance

Shares of Hudson Technologies stock traded down $0.05 during midday trading on Tuesday, reaching $6.19. The company had a trading volume of 117,126 shares, compared to its average volume of 396,244. The stock has a fifty day moving average price of $5.73 and a 200 day moving average price of $6.25. The firm has a market cap of $260.25 million, a PE ratio of 19.95 and a beta of 0.78. Hudson Technologies, Inc. has a fifty-two week low of $4.64 and a fifty-two week high of $10.52.

Hudson Technologies (NASDAQ:HDSN) last announced its 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). The company had revenue of $60.15 million during the quarter, compared to the consensus estimate of $57.15 million. Hudson Technologies had a net margin of 5.66% and a return on equity of 6.98%. As a group, sell-side analysts forecast that Hudson Technologies, Inc. will post 0.34 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on HDSN shares. Weiss Ratings upgraded shares of Hudson Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. Canaccord Genuity Group dropped 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. Finally, Wall Street Zen cut shares of Hudson Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $8.88.

Hedge Funds Weigh In On Hudson Technologies

Several institutional investors have recently added to or reduced their stakes in HDSN. State of Alaska Department of Revenue bought a new position in shares of Hudson Technologies during the 4th quarter worth approximately $28,000. Quarry LP increased its stake in shares of Hudson Technologies by 51.9% in the 3rd 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 in the last quarter. Kemnay Advisory Services Inc. bought a new stake in shares of Hudson Technologies in the 4th quarter valued at $62,000. Tower Research Capital LLC TRC lifted its position in shares of Hudson Technologies by 177.6% during 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 during the period. Finally, BNP Paribas Financial Markets lifted its position in shares of Hudson Technologies by 88.3% during 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 during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

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.