Hudson Technologies (NASDAQ:HDSN) Major Shareholder Hartree Partners, Lp Buys 2,502 Shares

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp acquired 2,502 shares of the business’s stock in a transaction on Monday, September 21st. The shares were bought at an average price of $5.10 per share, with a total value of $12,760.20. Following the completion of the transaction, the insider directly owned 5,218,955 shares of the company’s stock, valued at approximately $26,616,670.50. The trade was a 0.05% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Large shareholders that own at least 10% 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 Wednesday, September 23rd, Hartree Partners, Lp bought 11,013 shares of Hudson Technologies stock. The stock was purchased at an average cost of $5.10 per share, for a total transaction of $56,166.30.
• On Wednesday, September 16th, Hartree Partners, Lp bought 11,136 shares of Hudson Technologies stock. The shares were purchased at an average price 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 acquired 91,166 shares of Hudson Technologies stock. The stock was purchased at an average cost of $5.50 per share, for a total transaction of $501,413.00.
• On Monday, August 24th, Hartree Partners, Lp bought 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 bought 5,198 shares of Hudson Technologies stock. The stock was acquired at an average cost of $5.50 per share, with a total value of $28,589.00.
• On Wednesday, July 29th, Hartree Partners, Lp purchased 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 shares were 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 shares were acquired at an average cost 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 acquired at an average price of $5.99 per share, with a total value of $3,594.00.

Hudson Technologies Trading Down 1.7%

NASDAQ HDSN traded down $0.09 during trading on Wednesday, reaching $5.14. The company’s stock had a trading volume of 423,081 shares, compared to its average volume of 441,064. The firm has a 50 day moving average price of $5.67 and a 200 day moving average price of $5.75. Hudson Technologies, Inc. has a 12 month low of $4.64 and a 12 month high of $10.06. The firm has a market capitalization of $216.34 million, a price-to-earnings ratio of 25.70 and a beta of 0.77.

Hudson Technologies (NASDAQ:HDSN) last announced its earnings results on Wednesday, August 5th. The industrial products company reported $0.12 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $74.20 million. On average, equities analysts forecast that Hudson Technologies, Inc. will post 0.17 EPS for the current fiscal year.

Institutional Investors Weigh In On Hudson Technologies

A number of large investors have recently modified their holdings of HDSN. BlackRock Inc. bought a new position in shares of Hudson Technologies in the 2nd quarter valued at $16,303,000. Dimensional Fund Advisors LP lifted 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 worth $12,631,000 after buying an additional 105,160 shares during the last quarter. Segall Bryant & Hamill LLC boosted its stake 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 valued at $3,695,000 after buying an additional 447,987 shares in the last quarter. JB Capital Partners LP acquired a new stake in Hudson Technologies in the second quarter valued at about $1,757,588. Finally, Ancora Advisors LLC bought a new position in Hudson Technologies in the second quarter valued at about $1,741,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

HDSN has been the topic of a number of analyst reports. 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. Canaccord Genuity Group dropped their target price on shares of Hudson Technologies from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $8.62.

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.