Hudson Technologies (NASDAQ:HDSN) Major Shareholder Hartree Partners, Lp Acquires 204,789 Shares

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp purchased 204,789 shares of Hudson Technologies stock in a transaction that occurred on Tuesday, June 30th. The shares were bought at an average price of $5.68 per share, for a total transaction of $1,163,201.52. Following the transaction, the insider owned 4,411,889 shares in the company, valued at $25,059,529.52. This represents a 4.87% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Major 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 Thursday, July 2nd, Hartree Partners, Lp acquired 271,302 shares of Hudson Technologies stock. The stock was bought at an average price of $5.97 per share, with a total value of $1,619,672.94.
• On Wednesday, July 1st, Hartree Partners, Lp purchased 288,111 shares of Hudson Technologies stock. The stock was bought at an average cost of $5.88 per share, with a total value of $1,694,092.68.

Hudson Technologies Stock Performance

NASDAQ HDSN opened at $5.99 on Friday. The stock has a market capitalization of $252.00 million, a P/E ratio of 19.32 and a beta of 0.78. Hudson Technologies, Inc. has a 52 week low of $4.64 and a 52 week high of $10.52. The stock has a fifty day moving average of $5.55 and a 200-day moving average of $6.34.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.04). The business had revenue of $60.15 million during the quarter, compared to analyst estimates of $57.15 million. Hudson Technologies had a net margin of 5.66% and a return on equity of 6.98%. Equities research analysts forecast that Hudson Technologies, Inc. will post 0.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Roth Mkm decreased their price objective on Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Friday, March 6th. B. Riley Financial dropped their target price on shares of Hudson Technologies from $10.50 to $9.50 and set a “buy” rating on the stock in a report on Thursday, March 5th. Wall Street Zen lowered shares of Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings cut shares of Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 28th. Finally, Canaccord Genuity Group lowered their price objective on shares of Hudson Technologies from $9.50 to $9.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Hudson Technologies presently has a consensus rating of “Hold” and a consensus price target of $8.88.

Institutional Investors Weigh In On Hudson Technologies

Several large investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue acquired a new position in Hudson Technologies during the fourth quarter worth $28,000. Quarry LP lifted its stake in Hudson Technologies by 51.9% in the third quarter. Quarry LP now owns 5,281 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 1,805 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new stake in Hudson Technologies in the fourth quarter valued at $62,000. Tower Research Capital LLC TRC grew its position in shares of Hudson Technologies by 177.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,715 shares of the industrial products company’s stock valued at $71,000 after acquiring an additional 5,576 shares during the period. Finally, BNP Paribas Financial Markets grew its position in shares of Hudson Technologies by 88.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,530 shares of the industrial products company’s stock valued at $75,000 after acquiring an additional 3,532 shares during the period. Institutional investors and hedge funds 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.