Hudson Technologies (NASDAQ:HDSN) Major Shareholder Hartree Partners, Lp Purchases 118,549 Shares of Company Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp acquired 118,549 shares of the company’s stock in a transaction on Thursday, September 24th. The stock was acquired at an average cost of $5.10 per share, for a total transaction of $604,599.90. Following the completion of the acquisition, the insider owned 5,348,517 shares of the company’s stock, valued at $27,277,436.70. This trade represents a 2.27% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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, September 23rd, Hartree Partners, Lp acquired 11,013 shares of Hudson Technologies stock. The stock was purchased at an average price of $5.10 per share, for a total transaction of $56,166.30.
• On Monday, September 21st, Hartree Partners, Lp acquired 2,502 shares of Hudson Technologies stock. The stock was purchased at an average cost of $5.10 per share, with a total value of $12,760.20.
• On Wednesday, September 16th, Hartree Partners, Lp bought 11,136 shares of Hudson Technologies stock. The stock was acquired at an average price of $5.10 per share, with a total value of $56,793.60.
• On Wednesday, September 2nd, Hartree Partners, Lp bought 5,317 shares of Hudson Technologies stock. The stock was acquired at an average cost of $5.10 per share, for a total transaction of $27,116.70.
• On Tuesday, August 25th, Hartree Partners, Lp acquired 91,166 shares of Hudson Technologies stock. The shares were bought at an average cost of $5.50 per share, for a total transaction of $501,413.00.
• On Monday, August 24th, Hartree Partners, Lp purchased 9,446 shares of Hudson Technologies stock. The shares were bought at an average price of $5.50 per share, for a total transaction of $51,953.00.
• On Wednesday, August 12th, Hartree Partners, Lp bought 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 acquired at an average price of $5.99 per share, for a total transaction of $312,102.96.
• On Tuesday, July 21st, Hartree Partners, Lp purchased 47,708 shares of Hudson Technologies stock. The stock was acquired at an average cost of $5.99 per share, for a total transaction of $285,770.92.
• On Monday, July 20th, Hartree Partners, Lp purchased 17,842 shares of Hudson Technologies stock. The stock was bought at an average cost of $5.99 per share, for a total transaction of $106,873.58.

Hudson Technologies Stock Down 1.2%

NASDAQ HDSN traded down $0.06 on Monday, reaching $5.10. The stock had a trading volume of 260,532 shares, compared to its average volume of 441,193. The stock has a fifty day moving average price of $5.61 and a two-hundred day moving average price of $5.72. Hudson Technologies, Inc. has a 12-month low of $4.64 and a 12-month high of $9.95. The firm has a market capitalization of $214.66 million, a price-to-earnings ratio of 25.50 and a beta of 0.77.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on HDSN. Weiss Ratings lowered Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Canaccord Genuity Group lowered their price target on Hudson Technologies from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $8.62.

Hedge Funds Weigh In On Hudson Technologies

Several institutional investors have recently added to or reduced their stakes in the business. JB Capital Partners LP acquired a new stake in shares of Hudson Technologies during the 2nd quarter worth $1,757,588. Empowered Funds LLC acquired a new position in shares of Hudson Technologies during the second quarter worth about $1,182,000. Bank of New York Mellon Corp acquired a new position in Hudson Technologies during the 2nd quarter worth approximately $1,175,000. BlackRock Inc. purchased a new stake in shares of Hudson Technologies during the second quarter valued at approximately $16,303,000. Finally, Segall Bryant & Hamill LLC boosted its stake in shares of 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 purchasing an additional 447,987 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Hudson Technologies Company Profile

Hudson Technologies, Inc is an environmental services company focused on refrigerants and related products. The company provides refrigerant reclamation, processing, and resale services, helping customers recover and reuse refrigerants from commercial, industrial, and automotive refrigeration and air-conditioning systems.

Its offerings also include virgin, reclaimed, and specialty refrigerants; refrigerant management and compliance services; and on-site and technical services designed to support the installation, maintenance, and replacement of refrigeration and air-conditioning equipment.