Hartree Partners, Lp Buys 204,789 Shares of Hudson Technologies (NASDAQ:HDSN) Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp acquired 204,789 shares of the stock in a transaction on Tuesday, June 30th. The stock was bought at an average price of $5.68 per share, with a total value of $1,163,201.52. Following the transaction, the insider directly owned 4,411,889 shares in the company, valued at approximately $25,059,529.52. This represents a 4.87% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large 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 bought 271,302 shares of Hudson Technologies stock. The stock was bought at an average cost of $5.97 per share, with a total value of $1,619,672.94.
• On Wednesday, July 1st, Hartree Partners, Lp bought 288,111 shares of Hudson Technologies stock. The shares were bought at an average price of $5.88 per share, for a total transaction of $1,694,092.68.

Hudson Technologies Price Performance

HDSN opened at $5.99 on Friday. Hudson Technologies, Inc. has a one year low of $4.64 and a one year high of $10.52. The company’s 50 day simple moving average is $5.55 and its 200-day simple moving average is $6.34. 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 (NASDAQ:HDSN) last issued 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 analyst estimates of $57.15 million. As a group, analysts anticipate that Hudson Technologies, Inc. will post 0.34 EPS for the current year.

Hedge Funds Weigh In On Hudson Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue acquired a new stake in Hudson Technologies during the 4th quarter worth $28,000. Quarry LP lifted its stake in shares of Hudson Technologies by 51.9% in the 3rd quarter. Quarry LP now owns 5,281 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 1,805 shares during the period. BNP Paribas Financial Markets boosted 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 worth $75,000 after purchasing an additional 3,532 shares during the last quarter. Tower Research Capital LLC TRC boosted 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 worth $71,000 after purchasing an additional 5,576 shares during the last quarter. Finally, Kemnay Advisory Services Inc. bought a new position in shares of Hudson Technologies in the 4th quarter worth $62,000. 71.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Canaccord Genuity Group lowered their target price on Hudson Technologies from $9.50 to $9.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Weiss Ratings lowered Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 28th. Wall Street Zen cut Hudson Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Finally, Roth Mkm lowered 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. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target 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.