Hartree Partners, Lp Acquires 91,166 Shares of Hudson Technologies (NASDAQ:HDSN) Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp bought 91,166 shares of the stock in a transaction on Tuesday, August 25th. The stock was purchased at an average cost of $5.50 per share, for a total transaction of $501,413.00. Following the acquisition, the insider directly owned 5,200,000 shares of the company’s stock, valued at $28,600,000. The trade was a 1.78% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Monday, August 24th, Hartree Partners, Lp purchased 9,446 shares of Hudson Technologies stock. The shares were purchased at an average cost of $5.50 per share, with a total value of $51,953.00.
• On Wednesday, August 12th, Hartree Partners, Lp purchased 5,198 shares of Hudson Technologies stock. The shares were purchased at an average cost of $5.50 per share, with a total value 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 acquired 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 bought 17,842 shares of Hudson Technologies stock. The shares were acquired at an average price 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 acquired at an average price 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 acquired at an average cost 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 acquired 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 acquired 288,111 shares of Hudson Technologies stock. The shares were acquired 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 Stock Performance

HDSN stock traded down $0.18 on Wednesday, reaching $5.29. The company had a trading volume of 594,069 shares, compared to its average volume of 438,184. Hudson Technologies, Inc. has a 1 year low of $4.64 and a 1 year high of $10.52. The company’s fifty day moving average is $5.93 and its 200 day moving average is $6.03. The company has a market cap of $222.66 million, a P/E ratio of 26.45 and a beta of 0.78.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on HDSN shares. Wall Street Zen cut Hudson Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings downgraded Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Finally, Canaccord Genuity Group decreased their price target on Hudson Technologies from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $8.62.

Hedge Funds Weigh In On Hudson Technologies

A number of large investors have recently bought and sold shares of the stock. Quarry LP boosted its stake in Hudson Technologies by 51.9% during the third quarter. Quarry LP now owns 5,281 shares of the industrial products company’s stock valued at $52,000 after buying an additional 1,805 shares in the last quarter. First Trust Advisors LP lifted its holdings in Hudson Technologies by 2.2% in the 1st quarter. First Trust Advisors LP now owns 145,083 shares of the industrial products company’s stock valued at $853,000 after acquiring an additional 3,105 shares during the last quarter. Graham Capital Management L.P. lifted its holdings in Hudson Technologies by 9.7% in the 4th quarter. Graham Capital Management L.P. now owns 36,985 shares of the industrial products company’s stock valued at $253,000 after acquiring an additional 3,256 shares during the last quarter. BNP Paribas Financial Markets boosted 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 purchasing an additional 3,532 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC boosted its position in shares of Hudson Technologies by 7.2% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 52,762 shares of the industrial products company’s stock valued at $361,000 after purchasing an additional 3,544 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Hudson Technologies Company Profile

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.