Hartree Partners, Lp Purchases 288,111 Shares of Hudson Technologies (NASDAQ:HDSN) Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp bought 288,111 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was bought at an average price of $5.88 per share, with a total value of $1,694,092.68. Following the completion of the acquisition, the insider owned 4,700,000 shares of the company’s stock, valued at $27,636,000. This trade represents a 6.53% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Hartree Partners, Lp also recently made the following trade(s):

• On Thursday, July 2nd, Hartree Partners, Lp purchased 271,302 shares of Hudson Technologies stock. The shares were purchased at an average price of $5.97 per share, with a total value of $1,619,672.94.
• On Tuesday, June 30th, Hartree Partners, Lp acquired 204,789 shares of Hudson Technologies stock. The stock was purchased at an average cost of $5.68 per share, for a total transaction of $1,163,201.52.

Hudson Technologies Stock Performance

Shares of HDSN opened at $5.99 on Friday. Hudson Technologies, Inc. has a twelve month low of $4.64 and a twelve month high of $10.52. The firm’s fifty day simple moving average is $5.55 and its 200-day simple moving average is $6.34. The firm has a market capitalization of $252.00 million, a price-to-earnings ratio of 19.32 and a beta of 0.78.

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

Institutional Investors Weigh In On Hudson Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP boosted 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 in the last quarter. First Trust Advisors LP grew its holdings 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 during the last quarter. Graham Capital Management L.P. increased 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 increased 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 increased its position 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 worth $361,000 after purchasing an additional 3,544 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on HDSN shares. Wall Street Zen cut Hudson Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Roth Mkm cut their target price on Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Friday, March 6th. Weiss Ratings cut Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 28th. Finally, Canaccord Genuity Group decreased 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. Two 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’s stock. According to MarketBeat, Hudson Technologies currently has an average 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.