Hartree Partners LP Invests $22.05 Million in Hudson Technologies, Inc. $HDSN

Key Points

• Hartree Partners LP invested approximately $22.05 million in Hudson Technologies, acquiring 3,573,142 shares, making it the firm's 3rd largest holding.
• Several hedge funds, including GAMMA Investing LLC and Quarry LP, have increased their positions in Hudson Technologies significantly, with overall hedge fund ownership now at 71.34%.
• Hudson Technologies reported an EPS of $0.23 for the last quarter, exceeding analyst estimates, and currently has a consensus rating of "Moderate Buy" with a target price of $8.63.

Hartree Partners LP acquired a new stake in shares of Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,573,142 shares of the industrial products company's stock, valued at approximately $22,046,000. Hudson Technologies accounts for 7.9% of Hartree Partners LP's investment portfolio, making the stock its 3rd largest holding. Hartree Partners LP owned 8.13% of Hudson Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HDSN. SummerHaven Investment Management LLC raised its holdings in shares of Hudson Technologies by 2.7% in the first quarter. SummerHaven Investment Management LLC now owns 94,287 shares of the industrial products company's stock worth $582,000 after buying an additional 2,479 shares during the period. GAMMA Investing LLC increased its holdings in Hudson Technologies by 111.8% during the 1st quarter. GAMMA Investing LLC now owns 4,970 shares of the industrial products company's stock worth $31,000 after purchasing an additional 2,624 shares during the period. Sequoia Financial Advisors LLC increased its holdings in Hudson Technologies by 24.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 16,525 shares of the industrial products company's stock worth $102,000 after purchasing an additional 3,225 shares during the period. Quarry LP increased its holdings in Hudson Technologies by 89.1% during the 4th quarter. Quarry LP now owns 8,840 shares of the industrial products company's stock worth $49,000 after purchasing an additional 4,165 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Hudson Technologies by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 995,729 shares of the industrial products company's stock worth $5,558,000 after purchasing an additional 4,873 shares during the period. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Hudson Technologies Stock Performance

Shares of Hudson Technologies stock traded up $0.10 on Tuesday, hitting $9.96. The company's stock had a trading volume of 512,990 shares, compared to its average volume of 598,466. Hudson Technologies, Inc. has a 1 year low of $5.11 and a 1 year high of $10.06. The firm has a fifty day moving average price of $8.74 and a 200-day moving average price of $7.19. The company has a market capitalization of $434.95 million, a price-to-earnings ratio of 24.90, a price-to-earnings-growth ratio of 0.71 and a beta of 0.96.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.08. Hudson Technologies had a return on equity of 7.26% and a net margin of 8.08%.The firm had revenue of $72.85 million during the quarter, compared to analyst estimates of $71.67 million. As a group, analysts forecast that Hudson Technologies, Inc. will post 0.55 EPS for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the company. Craig Hallum raised Hudson Technologies from a "hold" rating to a "buy" rating and set a $8.00 target price on the stock in a research report on Thursday, May 8th. B. Riley upgraded Hudson Technologies from a "neutral" rating to a "buy" rating and raised their target price for the stock from $7.50 to $9.00 in a research note on Monday, June 16th. Canaccord Genuity Group upgraded Hudson Technologies from a "hold" rating to a "buy" rating and raised their target price for the stock from $6.75 to $10.50 in a research note on Thursday, July 31st. Finally, Wall Street Zen upgraded Hudson Technologies from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $8.63.

Hudson Technologies Company Profile

Hudson Technologies, Inc, through its subsidiary, Hudson Technologies Company, engages in the provision of solutions to recurring problems within the refrigeration industry in the United States. The company engages in the sale of refrigerant and industrial gas; provision of refrigerant management services consisting primarily of reclamation of refrigerants, re-usable cylinder refurbishment, and hydrostatic testing services; and RefrigerantSide services comprising system decontamination and recovery to remove moisture, oils, and other contaminants.