Hudson Technologies (NASDAQ:HDSN) Major Shareholder Hartree Partners, Lp Acquires 11,136 Shares

Hudson Technologies, Inc. (NASDAQ:HDSN) major shareholder Hartree Partners, Lp bought 11,136 shares of Hudson Technologies stock in a transaction dated Wednesday, September 16th. The stock was acquired at an average cost of $5.10 per share, with a total value of $56,793.60. Following the transaction, the insider owned 5,216,453 shares of the company’s stock, valued at $26,603,910.30. This trade represents a 0.21% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 transactions 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 shares were acquired at an average cost of $5.10 per share, for a total transaction of $27,116.70.
• On Tuesday, August 25th, Hartree Partners, Lp acquired 91,166 shares of Hudson Technologies stock. The stock was acquired at an average price of $5.50 per share, with a total value of $501,413.00.
• On Monday, August 24th, Hartree Partners, Lp acquired 9,446 shares of Hudson Technologies stock. The stock was acquired at an average cost of $5.50 per share, with a total value 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 price of $5.50 per share, for a total transaction of $28,589.00.
• On Wednesday, July 29th, Hartree Partners, Lp bought 52,104 shares of Hudson Technologies stock. The shares were acquired at an average cost of $5.99 per share, for a total transaction of $312,102.96.
• On Tuesday, July 21st, Hartree Partners, Lp bought 47,708 shares of Hudson Technologies stock. The shares were acquired at an average cost of $5.99 per share, for a total transaction of $285,770.92.
• On Monday, July 20th, Hartree Partners, Lp purchased 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 purchased 600 shares of Hudson Technologies stock. The stock was 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 shares were bought at an average cost of $5.99 per share, for a total transaction of $27,757.66.
• On Thursday, July 2nd, Hartree Partners, Lp acquired 271,302 shares of Hudson Technologies stock. The shares were bought at an average price of $5.97 per share, for a total transaction of $1,619,672.94.

Hudson Technologies Price Performance

Shares of NASDAQ HDSN opened at $5.17 on Friday. The stock has a market capitalization of $217.61 million, a PE ratio of 25.85 and a beta of 0.77. The business has a fifty day moving average price of $5.71 and a two-hundred day moving average price of $5.78. Hudson Technologies, Inc. has a fifty-two week low of $4.64 and a fifty-two week high of $10.27.

Hudson Technologies (NASDAQ:HDSN) last released its earnings results 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 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%. On average, equities analysts expect that Hudson Technologies, Inc. will post 0.17 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on HDSN shares. Canaccord Genuity Group dropped their target price on shares of Hudson Technologies from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Weiss Ratings lowered shares of Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $8.62.

Institutional Trading of Hudson Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Squarepoint Ops LLC boosted its position in Hudson Technologies by 154.5% during the 2nd quarter. Squarepoint Ops LLC now owns 66,220 shares of the industrial products company’s stock worth $380,000 after buying an additional 40,202 shares during the period. Kerrisdale Advisers LLC increased its position in Hudson Technologies by 420.6% in the 2nd quarter. Kerrisdale Advisers LLC now owns 299,976 shares of the industrial products company’s stock valued at $1,722,000 after acquiring an additional 242,354 shares during the period. Ancora Advisors LLC bought a new position in shares of Hudson Technologies during the second quarter valued at $1,741,000. Empowered Funds LLC bought a new position in shares of Hudson Technologies during the second quarter valued at $1,182,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Hudson Technologies during the second quarter worth $296,000. 71.34% of the stock is currently owned by institutional investors.

About Hudson Technologies

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.