Hudson Technologies (NASDAQ:HDSN) Major Shareholder Hartree Partners, Lp Purchases 271,302 Shares

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp purchased 271,302 shares of the company’s stock in a transaction on Thursday, July 2nd. The stock was acquired at an average cost of $5.97 per share, for a total transaction of $1,619,672.94. Following the completion of the transaction, the insider owned 4,971,302 shares in the company, valued at approximately $29,678,672.94. This trade represents a 5.77% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Large 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 acquired 288,111 shares of Hudson Technologies stock. The stock was acquired at an average cost of $5.88 per share, with a total value of $1,694,092.68.
• On Tuesday, June 30th, Hartree Partners, Lp acquired 204,789 shares of Hudson Technologies stock. The stock was bought at an average price of $5.68 per share, for a total transaction of $1,163,201.52.

Hudson Technologies Price Performance

HDSN stock traded up $0.32 on Thursday, reaching $5.99. 744,521 shares of the company were exchanged, compared to its average volume of 384,614. The firm has a market capitalization of $252.00 million, a PE ratio of 19.32 and a beta of 0.78. Hudson Technologies, Inc. has a 12 month low of $4.64 and a 12 month high of $10.52. The stock’s fifty day moving average price is $5.56 and its 200 day moving average price is $6.35.

Hudson Technologies (NASDAQ:HDSN) last posted 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). 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 for the quarter, compared to the consensus estimate of $57.15 million. As a group, research analysts expect that Hudson Technologies, Inc. will post 0.34 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on HDSN shares. Roth Mkm decreased their price objective on Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Friday, March 6th. Weiss Ratings cut Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 28th. Wall Street Zen downgraded shares of Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Canaccord Genuity Group lowered their price target on shares of Hudson Technologies from $9.50 to $9.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Finally, B. Riley Financial reduced their price objective on shares of Hudson Technologies from $10.50 to $9.50 and set a “buy” rating for the company in a report on Thursday, March 5th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Hudson Technologies presently has an average rating of “Hold” and an average price target of $8.88.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue bought a new position in shares of Hudson Technologies during the fourth quarter valued at $28,000. Quarry LP increased its position in shares of Hudson Technologies by 51.9% during the 3rd 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 in the last quarter. Kemnay Advisory Services Inc. acquired a new position in Hudson Technologies in the fourth quarter valued at about $62,000. Tower Research Capital LLC TRC boosted its position 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 valued at $71,000 after buying an additional 5,576 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings 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 buying an additional 3,532 shares in the last quarter. 71.34% of the stock is currently 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.