Hudson Technologies, Inc. (NASDAQ:HDSN – Get Free Report) major shareholder Hartree Partners, Lp bought 41,290 shares of the firm’s stock in a transaction on Monday, November 2nd. The stock was acquired at an average price of $4.25 per share, for a total transaction of $175,482.50. Following the transaction, the insider owned 5,648,517 shares of the company’s stock, valued at approximately $24,006,197.25. The trade was a 0.74% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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 Friday, October 30th, Hartree Partners, Lp bought 58,710 shares of Hudson Technologies stock. The shares were acquired at an average cost of $4.25 per share, with a total value of $249,517.50.
- On Thursday, October 29th, Hartree Partners, Lp bought 200,000 shares of Hudson Technologies stock. The stock was bought at an average cost of $4.44 per share, with a total value of $888,000.00.
- On Thursday, September 24th, Hartree Partners, Lp purchased 118,549 shares of Hudson Technologies stock. The stock was bought at an average price of $5.10 per share, for a total transaction of $604,599.90.
- On Wednesday, September 23rd, Hartree Partners, Lp purchased 11,013 shares of Hudson Technologies stock. The shares were bought at an average cost 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 bought 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 shares were bought at an average cost of $5.10 per share, for a total transaction of $56,793.60.
- On Wednesday, September 2nd, Hartree Partners, Lp purchased 5,317 shares of Hudson Technologies stock. The stock was purchased at an average price of $5.10 per share, with a total value of $27,116.70.
- On Tuesday, August 25th, Hartree Partners, Lp purchased 91,166 shares of Hudson Technologies stock. The stock was purchased 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 purchased at an average cost of $5.50 per share, for a total transaction of $51,953.00.
- On Wednesday, August 12th, Hartree Partners, Lp acquired 5,198 shares of Hudson Technologies stock. The shares were purchased at an average price of $5.50 per share, for a total transaction of $28,589.00.
Hudson Technologies Stock Up 2.1%
Shares of HDSN stock opened at $4.32 on Wednesday. Hudson Technologies, Inc. has a twelve month low of $4.10 and a twelve month high of $8.96. The stock’s fifty day simple moving average is $5.16 and its 200 day simple moving average is $5.90. The firm has a market capitalization of $181.83 million, a P/E ratio of -216.00 and a beta of 0.89.
Hudson Technologies (NASDAQ:HDSN – Get Free Report) last posted its earnings results on Wednesday, October 28th. The industrial products company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.07). Hudson Technologies had a negative net margin of 0.54% and a positive return on equity of 0.80%. The firm had revenue of $59.42 million during the quarter, compared to the consensus estimate of $77.96 million. As a group, equities research analysts expect that Hudson Technologies, Inc. will post 0.11 EPS for the current fiscal year.
Analyst Ratings Changes
A number of research analysts recently issued reports on HDSN shares. Zacks Research lowered shares of Hudson Technologies from a “hold” rating to a “strong sell” rating in a report on Thursday, October 29th. Canaccord Genuity Group reduced their target price on shares of Hudson Technologies from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Thursday, October 29th. B. Riley Financial decreased their price target on shares of Hudson Technologies from $7.25 to $6.00 and set a “buy” rating for the company in a research report on Thursday, October 29th. Finally, Weiss Ratings downgraded shares of Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Hudson Technologies presently has a consensus rating of “Hold” and an average target price of $7.50.
Get Our Latest Stock Analysis on HDSN
Hedge Funds Weigh In On Hudson Technologies
Several large investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in Hudson Technologies during the 2nd quarter worth approximately $16,303,000. Dimensional Fund Advisors LP increased its position 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 valued at $12,631,000 after purchasing an additional 105,160 shares during the last quarter. Segall Bryant & Hamill LLC raised its position 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 worth $3,695,000 after acquiring an additional 447,987 shares during the period. JB Capital Partners LP bought a new stake in shares of Hudson Technologies in the 2nd quarter worth approximately $1,757,588. Finally, Ancora Advisors LLC purchased a new position in shares of Hudson Technologies during the 2nd quarter valued at $1,741,000. Institutional investors own 71.34% of the company’s stock.
More Hudson Technologies News
Here are the key news stories impacting Hudson Technologies this week:
- Positive Sentiment: Major shareholder Hartree Partners bought a combined 300,000 shares in three transactions from October 29 to November 2, investing about $1.31 million. The purchases increased its stake and may signal confidence in Hudson’s prospects. Hartree Partners share purchases
- Neutral Sentiment: A Q3 analysis highlights Hudson’s focus on margins and new technology, while noting channel-inventory headwinds. The initiatives could support performance over time, but the inventory pressure may weigh on near-term results. HDSN Q3 deep dive
- Negative Sentiment: Hudson’s latest reported quarter fell short of expectations: EPS was $0.05 versus $0.12 expected, and revenue was $59.42 million versus $77.96 million expected. The miss adds pressure amid ongoing operating and inventory challenges.
About Hudson Technologies
Hudson Technologies, Inc (NASDAQ:HDSN) provides refrigerant products and services for the heating, ventilation, air conditioning and refrigeration (HVACR) industry. The company supplies reclaimed and recycled refrigerants, as well as virgin refrigerants and related products, to customers that operate or service commercial, industrial and residential cooling systems.
Its services include refrigerant reclamation, refrigerant management, cylinder management, technical support and logistics.
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