Hartree Partners, Lp Buys 4,634 Shares of Hudson Technologies (NASDAQ:HDSN) Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp purchased 4,634 shares of the business’s stock in a transaction on Monday, July 6th. The shares were acquired at an average price of $5.99 per share, with a total value of $27,757.66. Following the purchase, the insider owned 4,975,936 shares of the company’s stock, valued at approximately $29,805,856.64. This trade represents a 0.09% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more 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 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, for a total transaction of $3,594.00.
• 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, for a total transaction of $1,619,672.94.
• On Wednesday, July 1st, Hartree Partners, Lp bought 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.
• On Tuesday, June 30th, Hartree Partners, Lp bought 204,789 shares of Hudson Technologies stock. The stock was bought at an average cost of $5.68 per share, with a total value of $1,163,201.52.

Hudson Technologies Price Performance

Hudson Technologies stock opened at $6.41 on Friday. The business has a 50 day simple moving average of $5.55 and a 200 day simple moving average of $6.30. The company has a market capitalization of $269.67 million, a PE ratio of 20.68 and a beta of 0.78. Hudson Technologies, Inc. has a one year low of $4.64 and a one year high of $10.52.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HDSN. Quarry LP grew its holdings in Hudson Technologies by 51.9% during the 3rd quarter. Quarry LP now owns 5,281 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 1,805 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Hudson Technologies by 2.2% during the first quarter. First Trust Advisors LP now owns 145,083 shares of the industrial products company’s stock worth $853,000 after purchasing an additional 3,105 shares in the last quarter. Graham Capital Management L.P. lifted its position in shares of Hudson Technologies by 9.7% during the fourth quarter. Graham Capital Management L.P. now owns 36,985 shares of the industrial products company’s stock worth $253,000 after purchasing an additional 3,256 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Hudson Technologies by 88.3% during the third quarter. BNP Paribas Financial Markets now owns 7,530 shares of the industrial products company’s stock worth $75,000 after purchasing an additional 3,532 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC grew its stake in shares of Hudson Technologies by 7.2% during the fourth 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 during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on HDSN shares. Wall Street Zen lowered shares of Hudson Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Canaccord Genuity Group dropped their price objective on shares of Hudson Technologies from $9.50 to $9.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Finally, Weiss Ratings cut shares of Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 28th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Hudson Technologies presently has a consensus rating of “Hold” and a consensus target price 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.