Hudson Technologies (NASDAQ:HDSN) Major Shareholder Hartree Partners, Lp Acquires 91,166 Shares

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp purchased 91,166 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were acquired at an average cost of $5.50 per share, with a total value of $501,413.00. Following the completion of the transaction, the insider owned 5,200,000 shares in the company, valued at $28,600,000. This trade represents a 1.78% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more 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 Monday, August 24th, Hartree Partners, Lp bought 9,446 shares of Hudson Technologies stock. The shares were bought at an average price of $5.50 per share, for a total transaction of $51,953.00.
• On Wednesday, August 12th, Hartree Partners, Lp purchased 5,198 shares of Hudson Technologies stock. The shares were bought at an average cost of $5.50 per share, for a total transaction of $28,589.00.
• On Wednesday, July 29th, Hartree Partners, Lp purchased 52,104 shares of Hudson Technologies stock. The stock was bought at an average price of $5.99 per share, with a total value of $312,102.96.
• On Tuesday, July 21st, Hartree Partners, Lp purchased 47,708 shares of Hudson Technologies stock. The stock was bought at an average price of $5.99 per share, with a total value of $285,770.92.
• On Monday, July 20th, Hartree Partners, Lp acquired 17,842 shares of Hudson Technologies stock. The stock was purchased at an average cost 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 shares were purchased at an average price of $5.99 per share, for a total transaction 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 price of $5.99 per share, for a total transaction of $27,757.66.
• On Thursday, July 2nd, Hartree Partners, Lp bought 271,302 shares of Hudson Technologies stock. The shares were 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 bought 204,789 shares of Hudson Technologies stock. The stock was purchased at an average price of $5.68 per share, with a total value of $1,163,201.52.

Hudson Technologies Trading Down 3.3%

HDSN opened at $5.29 on Thursday. Hudson Technologies, Inc. has a twelve month low of $4.64 and a twelve month high of $10.52. The firm has a market cap of $222.66 million, a price-to-earnings ratio of 26.45 and a beta of 0.78. The company has a fifty day simple moving average of $5.92 and a 200 day simple moving average of $6.01.

Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.06). The firm had revenue of $78.35 million during the quarter, compared to analyst estimates of $74.20 million. Hudson Technologies had a return on equity of 4.95% and a net margin of 3.51%. On average, analysts forecast that Hudson Technologies, Inc. will post 0.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Canaccord Genuity Group cut their price target on Hudson Technologies from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Wall Street Zen lowered Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings downgraded Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $8.62.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HDSN. State of Alaska Department of Revenue bought a new stake in shares of Hudson Technologies in the 4th quarter worth about $28,000. Quarry LP lifted its position in shares of Hudson Technologies by 51.9% during the third quarter. Quarry LP now owns 5,281 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 1,805 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new position in Hudson Technologies in the fourth quarter worth about $62,000. Tower Research Capital LLC TRC grew its stake in Hudson Technologies by 177.6% in the second 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 in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in Hudson Technologies by 88.3% in the third quarter. BNP Paribas Financial Markets now owns 7,530 shares of the industrial products company’s stock valued at $75,000 after buying an additional 3,532 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Hudson Technologies Company Profile

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.