Hudson Technologies (NASDAQ:HDSN) Major Shareholder Hartree Partners, Lp Purchases 47,708 Shares of Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp purchased 47,708 shares of the company’s stock in a transaction that occurred on Tuesday, July 21st. The shares were purchased at an average cost of $5.99 per share, with a total value of $285,770.92. Following the completion of the acquisition, the insider owned 5,042,086 shares in the company, valued at $30,202,095.14. The trade was a 0.96% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 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 Monday, July 20th, Hartree Partners, Lp purchased 17,842 shares of Hudson Technologies stock. The stock was acquired at an average price of $5.99 per share, with a total value of $106,873.58.
• On Tuesday, July 7th, Hartree Partners, Lp acquired 600 shares of Hudson Technologies stock. The stock was bought at an average cost of $5.99 per share, with a total value of $3,594.00.
• On Monday, July 6th, Hartree Partners, Lp acquired 4,634 shares of Hudson Technologies stock. The shares were purchased at an average cost of $5.99 per share, with a total value of $27,757.66.
• On Thursday, July 2nd, Hartree Partners, Lp bought 271,302 shares of Hudson Technologies stock. The stock was purchased at an average cost 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 purchased at an average price of $5.88 per share, with a total value of $1,694,092.68.
• On Tuesday, June 30th, Hartree Partners, Lp purchased 204,789 shares of Hudson Technologies stock. The shares were purchased at an average cost of $5.68 per share, with a total value of $1,163,201.52.

Hudson Technologies Trading Down 1.3%

NASDAQ HDSN opened at $6.16 on Wednesday. The firm has a market capitalization of $259.15 million, a price-to-earnings ratio of 19.87 and a beta of 0.78. The firm’s 50 day simple moving average is $5.76 and its 200 day simple moving average is $6.24. Hudson Technologies, Inc. has a 1 year low of $4.64 and a 1 year high of $10.52.

Hudson Technologies (NASDAQ:HDSN) last announced 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 net margin of 5.66% and a return on equity of 6.98%. The firm had revenue of $60.15 million for the quarter, compared to analyst estimates of $57.15 million. On average, equities research analysts forecast that Hudson Technologies, Inc. will post 0.34 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on HDSN. Weiss Ratings upgraded Hudson Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 23rd. Wall Street Zen cut Hudson Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, 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. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $8.88.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC lifted its stake in shares of Hudson Technologies by 7.2% in 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 acquiring an additional 39,654 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Hudson Technologies during the 1st quarter worth $97,000. Goldman Sachs Group Inc. increased its holdings 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 worth $1,516,000 after purchasing an additional 80,973 shares in the last quarter. Invesco Ltd. increased its holdings in Hudson Technologies by 21.5% in the 2nd quarter. Invesco Ltd. now owns 71,748 shares of the industrial products company’s stock worth $583,000 after purchasing an additional 12,683 shares in the last quarter. Finally, Quantinno Capital Management LP raised its position in Hudson Technologies by 87.7% in 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 and hedge funds.

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.