Hartree Partners, Lp Purchases 11,136 Shares of Hudson Technologies (NASDAQ:HDSN) Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp bought 11,136 shares of the firm’s stock in a transaction on Wednesday, September 16th. The shares were acquired at an average cost of $5.10 per share, with a total value of $56,793.60. Following the purchase, the insider directly owned 5,216,453 shares of the company’s stock, valued at approximately $26,603,910.30. This represents a 0.21% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Hartree Partners, Lp also recently made the following trade(s):

• On Wednesday, September 2nd, Hartree Partners, Lp purchased 5,317 shares of Hudson Technologies stock. The stock was bought at an average cost of $5.10 per share, for a total transaction of $27,116.70.
• On Tuesday, August 25th, Hartree Partners, Lp purchased 91,166 shares of Hudson Technologies stock. The stock was bought at an average price of $5.50 per share, for a total transaction of $501,413.00.
• On Monday, August 24th, Hartree Partners, Lp acquired 9,446 shares of Hudson Technologies stock. The shares were bought at an average cost of $5.50 per share, with a total value of $51,953.00.
• On Wednesday, August 12th, Hartree Partners, Lp acquired 5,198 shares of Hudson Technologies stock. The shares were bought at an average cost of $5.50 per share, with a total value of $28,589.00.
• On Wednesday, July 29th, Hartree Partners, Lp acquired 52,104 shares of Hudson Technologies stock. The shares were 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 bought 47,708 shares of Hudson Technologies stock. The stock was bought at an average cost of $5.99 per share, for a total transaction of $285,770.92.
• On Monday, July 20th, Hartree Partners, Lp bought 17,842 shares of Hudson Technologies stock. The stock was bought at an average cost of $5.99 per share, for a total transaction of $106,873.58.
• On Tuesday, July 7th, Hartree Partners, Lp purchased 600 shares of Hudson Technologies stock. The shares were bought at an average price of $5.99 per share, with a total value of $3,594.00.
• On Monday, July 6th, Hartree Partners, Lp purchased 4,634 shares of Hudson Technologies stock. The stock was bought at an average cost of $5.99 per share, with a total value of $27,757.66.
• On Thursday, July 2nd, Hartree Partners, Lp purchased 271,302 shares of Hudson Technologies stock. The stock was bought at an average cost of $5.97 per share, with a total value of $1,619,672.94.

Hudson Technologies Price Performance

Hudson Technologies stock traded up $0.02 during mid-day trading on Friday, reaching $5.17. The stock had a trading volume of 552,918 shares, compared to its average volume of 440,843. Hudson Technologies, Inc. has a one year low of $4.64 and a one year high of $10.27. The company has a 50-day moving average price of $5.73 and a two-hundred day moving average price of $5.79. The company has a market capitalization of $217.60 million, a price-to-earnings ratio of 25.85 and a beta of 0.77.

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

Analysts Set New Price Targets

Several research firms recently issued reports on HDSN. Canaccord Genuity Group lowered their price objective on Hudson Technologies from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Weiss Ratings cut Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $8.62.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Wyoming purchased a new stake in Hudson Technologies during the 2nd quarter valued at $78,000. Sequoia Financial Advisors LLC bought a new stake in shares of Hudson Technologies in the first quarter worth $82,000. AXQ Capital LP purchased a new stake in Hudson Technologies during the fourth quarter valued at $85,000. EP Wealth Advisors LLC bought a new position in Hudson Technologies in the second quarter valued at about $97,000. Finally, Empirical Asset Management LLC purchased a new position in Hudson Technologies in the second quarter worth about $98,000. Institutional investors own 71.34% of the company’s stock.

Hudson Technologies Company Profile

Hudson Technologies, Inc is an environmental services company focused on refrigerants and related products. The company provides refrigerant reclamation, processing, and resale services, helping customers recover and reuse refrigerants from commercial, industrial, and automotive refrigeration and air-conditioning systems.

Its offerings also include virgin, reclaimed, and specialty refrigerants; refrigerant management and compliance services; and on-site and technical services designed to support the installation, maintenance, and replacement of refrigeration and air-conditioning equipment.