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

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp acquired 288,111 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was bought at an average cost of $5.88 per share, for a total transaction of $1,694,092.68. Following the completion of the transaction, the insider directly owned 4,700,000 shares of the company’s stock, valued at $27,636,000. This trade represents a 6.53% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 Thursday, July 2nd, Hartree Partners, Lp bought 271,302 shares of Hudson Technologies stock. The shares were bought at an average price of $5.97 per share, for a total transaction of $1,619,672.94.
• On Tuesday, June 30th, Hartree Partners, Lp purchased 204,789 shares of Hudson Technologies stock. The shares were bought at an average cost of $5.68 per share, for a total transaction of $1,163,201.52.

Hudson Technologies Stock Performance

Hudson Technologies stock opened at $5.99 on Friday. 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 one year low of $4.64 and a one year high of $10.52. The stock’s 50 day moving average price is $5.55 and its 200 day moving average price is $6.34.

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 analysts’ consensus estimates 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 analysts’ expectations of $57.15 million. On average, analysts forecast that Hudson Technologies, Inc. will post 0.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hudson Technologies

A number of institutional investors have recently made changes to their positions in HDSN. State of Alaska Department of Revenue bought a new position in Hudson Technologies during the fourth quarter worth $28,000. Quarry LP increased its stake in Hudson Technologies by 51.9% during the third quarter. Quarry LP now owns 5,281 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 1,805 shares during the last quarter. BNP Paribas Financial Markets raised 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 purchasing an additional 3,532 shares during the period. Tower Research Capital LLC TRC raised its holdings 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 purchasing an additional 5,576 shares during the period. Finally, Kemnay Advisory Services Inc. bought a new position in shares of Hudson Technologies in the 4th quarter worth about $62,000. 71.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Canaccord Genuity Group cut their price objective 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. Weiss Ratings lowered Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 28th. Wall Street Zen cut Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Roth Mkm reduced their price target on Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Friday, March 6th. Finally, B. Riley Financial lowered their price objective on Hudson Technologies from $10.50 to $9.50 and set a “buy” rating for the company in a research note on Thursday, March 5th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Hudson Technologies currently has a consensus 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.