Hudson Technologies (NASDAQ:HDSN) Major Shareholder Hartree Partners, Lp Buys 5,198 Shares of Stock

Key Points

• Hartree Partners purchased 5,198 Hudson Technologies shares at $5.50 each, increasing its stake to 5,099,388 shares worth approximately $28.05 million. The major shareholder has made several additional purchases since late June.
• Hudson Technologies shares rose 0.2% to $5.67, but the company’s latest quarterly earnings of $0.12 per share missed analysts’ $0.18 estimate, despite revenue of $78.35 million exceeding expectations.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $8.62; Canaccord retained a Buy rating while cutting its target to $8.00.

Hudson Technologies, Inc. (NASDAQ:HDSN - Get Free Report) major shareholder Hartree Partners, Lp purchased 5,198 shares of the business's stock in a transaction dated Wednesday, August 12th. The stock was bought at an average price of $5.50 per share, with a total value of $28,589.00. Following the acquisition, the insider directly owned 5,099,388 shares in the company, valued at approximately $28,046,634. This represents a 0.10% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large 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, July 29th, Hartree Partners, Lp purchased 52,104 shares of Hudson Technologies stock. The shares were bought at an average price of $5.99 per share, with a total value of $312,102.96.
• On Tuesday, July 21st, Hartree Partners, Lp acquired 47,708 shares of Hudson Technologies stock. The stock was purchased at an average cost of $5.99 per share, with a total value of $285,770.92.
• On Monday, July 20th, Hartree Partners, Lp bought 17,842 shares of Hudson Technologies stock. The shares were purchased at an average price of $5.99 per share, for a total transaction of $106,873.58.
• On Tuesday, July 7th, Hartree Partners, Lp purchased 600 shares of Hudson Technologies stock. The stock was purchased at an average price of $5.99 per share, with a total value 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, for a total transaction 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 price of $5.97 per share, with a total value of $1,619,672.94.
• On Wednesday, July 1st, Hartree Partners, Lp purchased 288,111 shares of Hudson Technologies stock. The stock was acquired at an average cost 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 acquired at an average price of $5.68 per share, for a total transaction of $1,163,201.52.

Hudson Technologies Stock Up 0.2%

Shares of Hudson Technologies stock traded up $0.01 during trading on Friday, hitting $5.67. 289,662 shares of the company were exchanged, compared to its average volume of 408,904. 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 50 day moving average price of $5.91 and a 200 day moving average price of $6.12. The stock has a market capitalization of $238.65 million, a price-to-earnings ratio of 28.35 and a beta of 0.78.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.06). Hudson Technologies had a return on equity of 4.93% and a net margin of 3.51%.The company had revenue of $78.35 million for the quarter, compared to analysts' expectations of $74.20 million. Analysts predict that Hudson Technologies, Inc. will post 0.17 earnings per share for the current year.

Institutional Trading of Hudson Technologies

A number of hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC grew its holdings in Hudson Technologies by 7.2% in the 1st quarter. AQR Capital Management LLC now owns 591,645 shares of the industrial products company's stock valued at $3,650,000 after buying an additional 39,654 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of Hudson Technologies during the 1st quarter worth about $97,000. Goldman Sachs Group Inc. boosted its position in shares of Hudson Technologies by 49.1% in the first quarter. Goldman Sachs Group Inc. now owns 245,760 shares of the industrial products company's stock worth $1,516,000 after acquiring an additional 80,973 shares during the last quarter. Invesco Ltd. grew its holdings in Hudson Technologies by 21.5% in the second quarter. Invesco Ltd. now owns 71,748 shares of the industrial products company's stock valued at $583,000 after purchasing an additional 12,683 shares during the period. Finally, Quantinno Capital Management LP increased its position in Hudson Technologies by 87.7% during the second quarter. Quantinno Capital Management LP now owns 45,416 shares of the industrial products company's stock worth $369,000 after purchasing an additional 21,220 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on HDSN. Canaccord Genuity Group reduced their target price on shares of Hudson Technologies from $9.00 to $8.00 and set a "buy" rating on the stock in a report on Thursday, August 6th. Wall Street Zen lowered shares of Hudson Technologies from a "hold" rating to a "sell" rating in a research report on Saturday, May 16th. Finally, Weiss Ratings lowered shares of Hudson Technologies from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source