JB Capital Partners LP Makes New $1.76 Billion Investment in Hudson Technologies, Inc. $HDSN

JB Capital Partners LP bought a new stake in Hudson Technologies, Inc. (NASDAQ:HDSN) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 306,200 shares of the industrial products company’s stock, valued at approximately $1,757,588,000. JB Capital Partners LP owned 0.73% of Hudson Technologies as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of HDSN. State of Alaska Department of Revenue acquired a new position in shares of Hudson Technologies during the 4th quarter worth $28,000. Quarry LP grew its stake in Hudson Technologies by 51.9% in the 3rd quarter. Quarry LP now owns 5,281 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 1,805 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new stake in Hudson Technologies in the 4th quarter valued at about $62,000. Tower Research Capital LLC TRC increased its holdings in Hudson Technologies by 177.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,715 shares of the industrial products company’s stock valued at $71,000 after acquiring an additional 5,576 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in 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 acquiring an additional 3,532 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Hudson Technologies Stock Up 1.1%

Shares of Hudson Technologies stock opened at $5.63 on Friday. Hudson Technologies, Inc. has a fifty-two week low of $4.64 and a fifty-two week high of $10.52. The firm has a market cap of $236.96 million, a PE ratio of 28.15 and a beta of 0.78. The business’s fifty day moving average is $5.93 and its two-hundred day moving average is $6.06.

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

Insiders Place Their Bets

In other Hudson Technologies news, major shareholder Hartree Partners, Lp purchased 288,111 shares of the firm’s stock in a transaction on Wednesday, July 1st. The shares were purchased at an average cost of $5.88 per share, with a total value of $1,694,092.68. Following the purchase, the insider owned 4,700,000 shares in the company, valued at approximately $27,636,000. This represents a 6.53% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders bought 892,288 shares of company stock worth $5,241,655 in the last quarter. Corporate insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Weiss Ratings downgraded Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Wall Street Zen downgraded Hudson Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, Canaccord Genuity Group dropped their price objective on Hudson Technologies from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $8.62.

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.