Hartree Partners, Lp Purchases 9,446 Shares of Hudson Technologies (NASDAQ:HDSN) Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp acquired 9,446 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was purchased at an average price of $5.50 per share, with a total value of $51,953.00. Following the transaction, the insider owned 5,108,834 shares in the company, valued at $28,098,587. This represents a 0.19% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through 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 Tuesday, August 25th, Hartree Partners, Lp bought 91,166 shares of Hudson Technologies stock. The shares were acquired at an average price of $5.50 per share, for a total transaction of $501,413.00.
• On Wednesday, August 12th, Hartree Partners, Lp bought 5,198 shares of Hudson Technologies stock. The stock was acquired at an average cost of $5.50 per share, with a total value of $28,589.00.
• On Wednesday, July 29th, Hartree Partners, Lp bought 52,104 shares of Hudson Technologies stock. The stock was acquired at an average cost of $5.99 per share, with a total value of $312,102.96.
• On Tuesday, July 21st, Hartree Partners, Lp purchased 47,708 shares of Hudson Technologies stock. The stock was acquired at an average price of $5.99 per share, with a total value of $285,770.92.
• On Monday, July 20th, Hartree Partners, Lp purchased 17,842 shares of Hudson Technologies stock. The shares were acquired at an average cost of $5.99 per share, for a total transaction of $106,873.58.
• On Tuesday, July 7th, Hartree Partners, Lp acquired 600 shares of Hudson Technologies stock. The shares were acquired at an average price of $5.99 per share, for a total transaction of $3,594.00.
• On Monday, July 6th, Hartree Partners, Lp acquired 4,634 shares of Hudson Technologies stock. The stock was acquired at an average price of $5.99 per share, with a total value of $27,757.66.
• On Thursday, July 2nd, Hartree Partners, Lp bought 271,302 shares of Hudson Technologies stock. The shares were acquired at an average cost of $5.97 per share, with a total value of $1,619,672.94.
• On Wednesday, July 1st, Hartree Partners, Lp bought 288,111 shares of Hudson Technologies stock. The shares were bought at an average price of $5.88 per share, for a total transaction of $1,694,092.68.
• On Tuesday, June 30th, Hartree Partners, Lp purchased 204,789 shares of Hudson Technologies stock. The stock was bought at an average cost of $5.68 per share, for a total transaction of $1,163,201.52.

Hudson Technologies Price Performance

Shares of Hudson Technologies stock traded down $0.18 on Wednesday, hitting $5.29. The company had a trading volume of 594,069 shares, compared to its average volume of 438,184. The stock has a 50-day moving average of $5.93 and a 200-day moving average of $6.03. Hudson Technologies, Inc. has a twelve month low of $4.64 and a twelve month high of $10.52. The firm has a market capitalization of $222.66 million, a P/E ratio of 26.45 and a beta of 0.78.

Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.06). The company 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 analysts predict that Hudson Technologies, Inc. will post 0.17 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on HDSN shares. Canaccord Genuity Group reduced 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. Wall Street Zen cut Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings downgraded Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Two research 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 stock presently has an average rating of “Hold” and an average price target of $8.62.

Hedge Funds Weigh In On Hudson Technologies

Hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue acquired a new position in Hudson Technologies during the fourth quarter valued at approximately $28,000. Quarry LP boosted its holdings in shares of 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 buying an additional 1,805 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new stake in shares of Hudson Technologies in the 4th quarter valued at approximately $62,000. Tower Research Capital LLC TRC grew its stake in shares of Hudson Technologies by 177.6% in the second quarter. Tower Research Capital LLC TRC now owns 8,715 shares of the industrial products company’s stock valued at $71,000 after buying an additional 5,576 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Hudson Technologies by 88.3% in the third quarter. BNP Paribas Financial Markets now owns 7,530 shares of the industrial products company’s stock valued at $75,000 after buying an additional 3,532 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

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.