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

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp acquired 47,708 shares of the company’s stock in a transaction that occurred on Tuesday, July 21st. The stock was purchased at an average price of $5.99 per share, for a total transaction of $285,770.92. Following the acquisition, the insider directly owned 5,042,086 shares of the company’s stock, valued at $30,202,095.14. The trade was a 0.96% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% 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, July 20th, Hartree Partners, Lp bought 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 bought 600 shares of Hudson Technologies stock. The stock was acquired at an average cost 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 shares were acquired at an average price of $5.99 per share, for a total transaction of $27,757.66.
• On Thursday, July 2nd, Hartree Partners, Lp purchased 271,302 shares of Hudson Technologies stock. The shares were acquired at an average price of $5.97 per share, for a total transaction of $1,619,672.94.
• 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 acquired at an average cost of $5.68 per share, with a total value of $1,163,201.52.

Hudson Technologies Trading Down 5.2%

Shares of NASDAQ:HDSN opened at $5.84 on Thursday. The stock has a market capitalization of $245.69 million, a PE ratio of 18.84 and a beta of 0.78. Hudson Technologies, Inc. has a 1 year low of $4.64 and a 1 year high of $10.52. The firm has a fifty day moving average price of $5.78 and a 200 day moving average price of $6.23.

Hudson Technologies (NASDAQ:HDSN) last posted its earnings results on Wednesday, May 6th. The industrial products company reported $0.01 earnings per share 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 company had revenue of $60.15 million for the quarter, compared to the consensus estimate of $57.15 million. On average, sell-side analysts forecast that Hudson Technologies, Inc. will post 0.34 earnings per share for the current fiscal year.

Institutional Trading of Hudson Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HDSN. Quarry LP lifted its holdings 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 buying an additional 1,805 shares during the last quarter. First Trust Advisors LP increased its position in Hudson Technologies by 2.2% during the first quarter. First Trust Advisors LP now owns 145,083 shares of the industrial products company’s stock worth $853,000 after acquiring an additional 3,105 shares during the period. Graham Capital Management L.P. increased its position in Hudson Technologies by 9.7% during the fourth quarter. Graham Capital Management L.P. now owns 36,985 shares of the industrial products company’s stock worth $253,000 after acquiring an additional 3,256 shares during the period. BNP Paribas Financial Markets raised its stake in Hudson Technologies by 88.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,530 shares of the industrial products company’s stock valued at $75,000 after purchasing an additional 3,532 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC raised its stake in Hudson Technologies by 7.2% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 52,762 shares of the industrial products company’s stock valued at $361,000 after purchasing an additional 3,544 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

HDSN has been the topic of a number of recent analyst reports. Canaccord Genuity Group cut their price objective on Hudson Technologies from $9.50 to $9.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Wall Street Zen downgraded Hudson Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Finally, Weiss Ratings raised shares of Hudson Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 23rd. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has an average 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.