Hudson Technologies (NASDAQ:HDSN) Stock: Insider Hartree Partners, Lp Buys 200,000 Shares

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp acquired 200,000 shares of the business’s stock in a transaction on Thursday, October 29th. The shares were purchased at an average price of $4.44 per share, with a total value of $888,000.00. Following the completion of the purchase, the insider owned 5,548,517 shares in the company, valued at $24,635,415.48. This represents a 3.74% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, November 2nd, Hartree Partners, Lp bought 41,290 shares of Hudson Technologies stock. The shares were purchased at an average cost of $4.25 per share, with a total value of $175,482.50.
• On Friday, October 30th, Hartree Partners, Lp bought 58,710 shares of Hudson Technologies stock. The stock was purchased at an average price of $4.25 per share, for a total transaction of $249,517.50.
• On Thursday, September 24th, Hartree Partners, Lp purchased 118,549 shares of Hudson Technologies stock. The stock was purchased at an average cost of $5.10 per share, for a total transaction of $604,599.90.
• On Wednesday, September 23rd, Hartree Partners, Lp purchased 11,013 shares of Hudson Technologies stock. The stock was purchased at an average cost of $5.10 per share, for a total transaction of $56,166.30.
• On Monday, September 21st, Hartree Partners, Lp purchased 2,502 shares of Hudson Technologies stock. The shares were purchased at an average price of $5.10 per share, with a total value of $12,760.20.
• On Wednesday, September 16th, Hartree Partners, Lp acquired 11,136 shares of Hudson Technologies stock. The stock was purchased at an average cost of $5.10 per share, with a total value of $56,793.60.
• On Wednesday, September 2nd, Hartree Partners, Lp acquired 5,317 shares of Hudson Technologies stock. The stock was purchased at an average cost of $5.10 per share, with a total value of $27,116.70.
• On Tuesday, August 25th, Hartree Partners, Lp acquired 91,166 shares of Hudson Technologies stock. The stock was purchased 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 stock was purchased at an average price of $5.50 per share, for a total transaction of $51,953.00.
• On Wednesday, August 12th, Hartree Partners, Lp bought 5,198 shares of Hudson Technologies stock. The shares were acquired at an average cost of $5.50 per share, for a total transaction of $28,589.00.

Hudson Technologies Stock Up 2.1%

Shares of HDSN opened at $4.32 on Wednesday. Hudson Technologies, Inc. has a 52-week low of $4.10 and a 52-week high of $8.96. The stock has a market cap of $181.83 million, a PE ratio of -216.00 and a beta of 0.89. The firm’s fifty day moving average is $5.16 and its two-hundred day moving average is $5.90.

Hudson Technologies (NASDAQ:HDSN) last issued its earnings results on Wednesday, October 28th. The industrial products company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.07). The business had revenue of $59.42 million during the quarter, compared to analyst estimates of $77.96 million. Hudson Technologies had a negative net margin of 0.54% and a positive return on equity of 0.80%. As a group, research analysts anticipate that Hudson Technologies, Inc. will post 0.11 earnings per share for the current year.

Trending Headlines about Hudson Technologies

Here are the key news stories impacting Hudson Technologies this week:

• Positive Sentiment: Major shareholder Hartree Partners bought a combined 300,000 shares in three transactions from October 29 to November 2, investing about $1.31 million. The purchases increased its stake and may signal confidence in Hudson’s prospects. Hartree Partners share purchases
• Neutral Sentiment: A Q3 analysis highlights Hudson’s focus on margins and new technology, while noting channel-inventory headwinds. The initiatives could support performance over time, but the inventory pressure may weigh on near-term results. HDSN Q3 deep dive
• Negative Sentiment: Hudson’s latest reported quarter fell short of expectations: EPS was $0.05 versus $0.12 expected, and revenue was $59.42 million versus $77.96 million expected. The miss adds pressure amid ongoing operating and inventory challenges.

Wall Street Analyst Weigh In

A number of analysts have commented on HDSN shares. Zacks Research downgraded shares of Hudson Technologies from a “hold” rating to a “strong sell” rating in a report on Thursday, October 29th. Weiss Ratings cut Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Canaccord Genuity Group lowered their target price on Hudson Technologies from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Thursday, October 29th. Finally, B. Riley Financial dropped their price target on Hudson Technologies from $7.25 to $6.00 and set a “buy” rating for the company in a research report on Thursday, October 29th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $7.50.

Institutional Investors Weigh In On Hudson Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Isthmus Partners LLC increased its position in shares of Hudson Technologies by 3.8% during the 3rd quarter. Isthmus Partners LLC now owns 59,639 shares of the industrial products company’s stock worth $307,000 after purchasing an additional 2,183 shares during the last quarter. SummerHaven Investment Management LLC purchased a new stake in Hudson Technologies in the 3rd quarter valued at about $473,000. Squarepoint Ops LLC lifted its position in Hudson Technologies by 154.5% in the second quarter. Squarepoint Ops LLC now owns 66,220 shares of the industrial products company’s stock valued at $380,000 after buying an additional 40,202 shares during the last quarter. Kerrisdale Advisers LLC lifted its position in Hudson Technologies by 420.6% in the second quarter. Kerrisdale Advisers LLC now owns 299,976 shares of the industrial products company’s stock valued at $1,722,000 after buying an additional 242,354 shares during the last quarter. Finally, Ancora Advisors LLC acquired a new position in Hudson Technologies in the second quarter valued at about $1,741,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Hudson Technologies Company Profile

Hudson Technologies, Inc (NASDAQ:HDSN) provides refrigerant products and services for the heating, ventilation, air conditioning and refrigeration (HVACR) industry. The company supplies reclaimed and recycled refrigerants, as well as virgin refrigerants and related products, to customers that operate or service commercial, industrial and residential cooling systems.

Its services include refrigerant reclamation, refrigerant management, cylinder management, technical support and logistics.