Hudson Technologies (NASDAQ:HDSN) Major Shareholder Hartree Partners, Lp Acquires 5,317 Shares

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp bought 5,317 shares of the stock in a transaction on Wednesday, September 2nd. The shares were bought at an average price of $5.10 per share, for a total transaction of $27,116.70. Following the purchase, the insider directly owned 5,205,317 shares in the company, valued at approximately $26,547,116.70. This trade represents a 0.10% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more 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 Tuesday, August 25th, Hartree Partners, Lp purchased 91,166 shares of Hudson Technologies stock. The stock was bought at an average price of $5.50 per share, with a total value of $501,413.00.
• On Monday, August 24th, Hartree Partners, Lp acquired 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 stock was bought at an average price of $5.50 per share, for a total transaction of $28,589.00.
• On Wednesday, July 29th, Hartree Partners, Lp bought 52,104 shares of Hudson Technologies stock. The stock was bought at an average cost of $5.99 per share, with a total value of $312,102.96.
• On Tuesday, July 21st, Hartree Partners, Lp purchased 47,708 shares of Hudson Technologies stock. The shares were purchased 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 purchased at an average price 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 stock was purchased at an average cost of $5.99 per share, with a total value of $3,594.00.
• On Monday, July 6th, Hartree Partners, Lp acquired 4,634 shares of Hudson Technologies stock. The shares were purchased at an average price of $5.99 per share, with a total value of $27,757.66.
• On Thursday, July 2nd, Hartree Partners, Lp bought 271,302 shares of Hudson Technologies stock. The stock was purchased at an average cost of $5.97 per share, for a total transaction of $1,619,672.94.
• On Wednesday, July 1st, Hartree Partners, Lp bought 288,111 shares of Hudson Technologies stock. The stock was purchased at an average cost of $5.88 per share, for a total transaction of $1,694,092.68.

Hudson Technologies Stock Up 1.9%

Hudson Technologies stock opened at $5.35 on Friday. Hudson Technologies, Inc. has a 52-week low of $4.64 and a 52-week high of $10.52. The company has a market cap of $225.18 million, a P/E ratio of 26.75 and a beta of 0.77. The business has a 50-day simple moving average of $5.86 and a two-hundred day simple moving average of $5.92.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of 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 $9.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Finally, Weiss Ratings lowered Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to 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 hedge funds have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in Hudson Technologies during the 2nd quarter valued at approximately $16,303,000. Westerly Capital Management LLC boosted its position in shares of Hudson Technologies by 63.3% during the second quarter. Westerly Capital Management LLC now owns 2,000,000 shares of the industrial products company’s stock worth $16,240,000 after acquiring an additional 775,000 shares during the last quarter. Segall Bryant & Hamill LLC grew its stake in Hudson Technologies by 248.4% during 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 acquiring an additional 447,987 shares in the last quarter. Marshall Wace LLP grew 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 acquiring an additional 339,543 shares in the last quarter. Finally, JB Capital Partners LP bought a new stake in Hudson Technologies in the 2nd quarter valued at $1,757,588. Institutional investors 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.