Hartree Partners, Lp Purchases 17,842 Shares of Hudson Technologies (NASDAQ:HDSN) Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp purchased 17,842 shares of the company’s stock in a transaction that occurred on Monday, July 20th. The shares were bought at an average cost of $5.99 per share, with a total value of $106,873.58. Following the transaction, the insider directly owned 4,994,378 shares of the company’s stock, valued at $29,916,324.22. The trade was a 0.36% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Tuesday, July 21st, Hartree Partners, Lp purchased 47,708 shares of Hudson Technologies stock. The shares were bought at an average cost of $5.99 per share, for a total transaction of $285,770.92.
• On Tuesday, July 7th, Hartree Partners, Lp acquired 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 bought 4,634 shares of Hudson Technologies stock. The stock was purchased at an average cost of $5.99 per share, for a total transaction 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 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 shares were purchased 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 stock was purchased at an average price of $5.68 per share, for a total transaction of $1,163,201.52.

Hudson Technologies Price Performance

NASDAQ HDSN opened at $5.84 on Thursday. The firm has a market capitalization of $245.69 million, a P/E ratio of 18.84 and a beta of 0.78. Hudson Technologies, Inc. has a 1-year low of $4.64 and a 1-year high of $10.52. The business’s 50-day simple moving average is $5.78 and its 200-day simple moving average is $6.23.

Hudson Technologies (NASDAQ:HDSN) last issued its earnings results on Wednesday, May 6th. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The firm had revenue of $60.15 million for the quarter, compared to analysts’ expectations of $57.15 million. Hudson Technologies had a return on equity of 6.98% and a net margin of 5.66%. On average, equities research analysts expect that Hudson Technologies, Inc. will post 0.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HDSN. Northwestern Mutual Wealth Management Co. increased its stake in 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 worth $1,844,000 after buying an additional 268,756 shares during the period. Tudor Investment Corp ET AL acquired a new stake in shares of Hudson Technologies during the third quarter valued at about $2,058,000. KBC Group NV acquired a new stake in shares of Hudson Technologies during the fourth quarter valued at about $843,000. Inspire Investing LLC increased its position in shares of Hudson Technologies by 28.4% during the first quarter. Inspire Investing LLC now owns 88,086 shares of the industrial products company’s stock worth $518,000 after acquiring an additional 19,503 shares during the last quarter. Finally, State of Wyoming increased its position in shares of Hudson Technologies by 20.0% during the fourth quarter. State of Wyoming now owns 48,062 shares of the industrial products company’s stock worth $329,000 after acquiring an additional 8,015 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Weiss Ratings raised shares of Hudson Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 23rd. Canaccord Genuity Group lowered their price target on Hudson Technologies from $9.50 to $9.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Finally, Wall Street Zen cut Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $8.88.

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.