Hartree Partners, Lp Buys 271,302 Shares of Hudson Technologies (NASDAQ:HDSN) Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp acquired 271,302 shares of the stock in a transaction on Thursday, July 2nd. The stock was bought at an average cost of $5.97 per share, for a total transaction of $1,619,672.94. Following the transaction, the insider owned 4,971,302 shares of the company’s stock, valued at approximately $29,678,672.94. This trade represents a 5.77% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more 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 Wednesday, July 1st, Hartree Partners, Lp bought 288,111 shares of Hudson Technologies stock. The stock was bought at an average price of $5.88 per share, for a total transaction of $1,694,092.68.
• On Tuesday, June 30th, Hartree Partners, Lp bought 204,789 shares of Hudson Technologies stock. The shares were 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 $5.99 on Friday. The firm has a 50 day moving average price of $5.55 and a 200-day moving average price of $6.34. Hudson Technologies, Inc. has a twelve month low of $4.64 and a twelve month high of $10.52. The company 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 posted its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $57.15 million. Equities analysts expect that Hudson Technologies, Inc. will post 0.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue purchased a new position in Hudson Technologies in the 4th quarter valued at approximately $28,000. Quarry LP raised 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 valued at $52,000 after acquiring an additional 1,805 shares during the period. Kemnay Advisory Services Inc. purchased a new stake in shares of Hudson Technologies during the fourth quarter worth $62,000. Tower Research Capital LLC TRC lifted its position in shares of Hudson Technologies by 177.6% during the second quarter. Tower Research Capital LLC TRC now owns 8,715 shares of the industrial products company’s stock worth $71,000 after acquiring an additional 5,576 shares in the last quarter. Finally, 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 acquiring an additional 3,532 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on HDSN shares. Roth Mkm lowered their target price on Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Friday, March 6th. Weiss Ratings downgraded Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 28th. Wall Street Zen downgraded Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Canaccord Genuity Group decreased their price objective on Hudson Technologies from $9.50 to $9.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Hudson Technologies has an average 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.