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

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp acquired 17,842 shares of the stock in a transaction on Monday, July 20th. The shares were acquired at an average price of $5.99 per share, for a total transaction of $106,873.58. Following the acquisition, the insider owned 4,994,378 shares of the company’s stock, valued at approximately $29,916,324.22. The trade was a 0.36% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own more than 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 Tuesday, July 21st, Hartree Partners, Lp acquired 47,708 shares of Hudson Technologies stock. The shares were acquired at an average price of $5.99 per share, with a total value of $285,770.92.
• On Tuesday, July 7th, Hartree Partners, Lp bought 600 shares of Hudson Technologies stock. The shares were acquired 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 acquired at an average price 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 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 purchased 288,111 shares of Hudson Technologies stock. The stock was acquired at an average cost of $5.88 per share, for a total transaction of $1,694,092.68.
• On Tuesday, June 30th, Hartree Partners, Lp purchased 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

Shares of HDSN opened at $6.16 on Wednesday. The stock has a 50 day moving average price of $5.76 and a two-hundred day moving average price of $6.24. The firm has a market capitalization of $259.15 million, a P/E ratio of 19.87 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.

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

Wall Street Analysts Forecast Growth

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

Institutional Trading of Hudson Technologies

Hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC lifted its position in shares of Hudson Technologies by 7.2% during the 1st quarter. AQR Capital Management LLC now owns 591,645 shares of the industrial products company’s stock valued at $3,650,000 after buying an additional 39,654 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Hudson Technologies in the 1st quarter worth about $97,000. Goldman Sachs Group Inc. raised its stake in Hudson Technologies by 49.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 245,760 shares of the industrial products company’s stock valued at $1,516,000 after acquiring an additional 80,973 shares during the period. Invesco Ltd. lifted its holdings in Hudson Technologies by 21.5% during the second quarter. Invesco Ltd. now owns 71,748 shares of the industrial products company’s stock valued at $583,000 after purchasing an additional 12,683 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in Hudson Technologies by 87.7% during the second quarter. Quantinno Capital Management LP now owns 45,416 shares of the industrial products company’s stock valued at $369,000 after purchasing an additional 21,220 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

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.