Hartree Partners, Lp Purchases 2,502 Shares of Hudson Technologies (NASDAQ:HDSN) Stock

Key Points

• Hartree Partners purchased 2,502 Hudson Technologies shares at $5.10 each, investing $12,760.20 and increasing its stake by 0.05% to 5.22 million shares. The transaction follows several additional purchases by Hartree in recent months.
• Hudson Technologies shares fell 1.7% to $5.14, trading below both their 50-day and 200-day moving averages. The company recently reported quarterly EPS of $0.12, below the $0.18 analyst consensus, despite revenue exceeding estimates.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an $8.62 target price; institutional investors and hedge funds own approximately 71.34% of the stock.

Hudson Technologies, Inc. (NASDAQ:HDSN - Get Free Report) major shareholder Hartree Partners, Lp acquired 2,502 shares of the company's stock in a transaction dated Monday, September 21st. The shares were bought at an average price of $5.10 per share, for a total transaction of $12,760.20. Following the acquisition, the insider owned 5,218,955 shares in the company, valued at approximately $26,616,670.50. This trade represents a 0.05% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% 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 23rd, Hartree Partners, Lp purchased 11,013 shares of Hudson Technologies stock. The stock was purchased at an average cost of $5.10 per share, with a total value of $56,166.30.
• On Wednesday, September 16th, Hartree Partners, Lp acquired 11,136 shares of Hudson Technologies stock. The shares were purchased at an average cost of $5.10 per share, for a total transaction of $56,793.60.
• On Wednesday, September 2nd, Hartree Partners, Lp acquired 5,317 shares of Hudson Technologies stock. The shares were purchased at an average price of $5.10 per share, for a total transaction of $27,116.70.
• On Tuesday, August 25th, Hartree Partners, Lp bought 91,166 shares of Hudson Technologies stock. The stock was purchased 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 shares were 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 purchased 5,198 shares of Hudson Technologies stock. The stock was bought at an average cost 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 stock was purchased at an average cost of $5.99 per share, for a total transaction of $312,102.96.
• On Tuesday, July 21st, Hartree Partners, Lp acquired 47,708 shares of Hudson Technologies stock. The shares were 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 acquired 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 acquired 600 shares of Hudson Technologies stock. The shares were bought at an average cost of $5.99 per share, for a total transaction of $3,594.00.

Hudson Technologies Stock Down 1.7%

HDSN stock traded down $0.09 during midday trading on Wednesday, reaching $5.14. The company's stock had a trading volume of 423,081 shares, compared to its average volume of 441,064. The business's 50-day simple moving average is $5.67 and its 200-day simple moving average is $5.75. The stock has a market cap of $216.34 million, a PE ratio of 25.70 and a beta of 0.77. Hudson Technologies, Inc. has a 52 week low of $4.64 and a 52 week high of $10.06.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last announced its quarterly 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 firm had revenue of $78.35 million during the quarter, compared to analyst estimates of $74.20 million. Hudson Technologies had a net margin of 3.51% and a return on equity of 4.95%. As a group, equities analysts forecast that Hudson Technologies, Inc. will post 0.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HDSN has been the topic of several recent research reports. Weiss Ratings lowered shares of Hudson Technologies from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, August 11th. Canaccord Genuity Group dropped 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. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Hudson Technologies has a consensus rating of "Hold" and a consensus target price of $8.62.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in Hudson Technologies in the 2nd quarter valued at $16,303,000. Dimensional Fund Advisors LP increased its holdings in shares of Hudson Technologies by 5.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,148,311 shares of the industrial products company's stock valued at $12,631,000 after purchasing an additional 105,160 shares during the last quarter. Segall Bryant & Hamill LLC raised its position in shares of Hudson Technologies by 248.4% in the first quarter. Segall Bryant & Hamill LLC now owns 628,341 shares of the industrial products company's stock valued at $3,695,000 after purchasing an additional 447,987 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Hudson Technologies by 53,751.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 269,256 shares of the industrial products company's stock worth $1,844,000 after buying an additional 268,756 shares during the last quarter. Finally, JB Capital Partners LP acquired a new stake in shares of Hudson Technologies during the 2nd quarter worth about $1,757,588. 71.34% of the stock is owned by institutional investors and hedge funds.

Hudson Technologies Company Profile

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.

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