Hudson Technologies (NASDAQ:HDSN) Major Shareholder Acquires $604,599.90 in Stock

Key Points

• Hartree Partners increased its Hudson Technologies stake by purchasing 118,549 shares at $5.10 each, a $604,599.90 transaction. The major shareholder now owns 5,348,517 shares valued at approximately $27.3 million.
• Hudson Technologies shares fell 1.2% to $5.10, near the lower end of their 52-week range of $4.64 to $9.95. The company’s latest quarterly EPS of $0.12 missed analysts’ $0.18 estimate, although revenue exceeded expectations.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an $8.62 target price. Institutional investors own approximately 71.34% of the company, including recent stakes or increased positions from BlackRock, Dimensional Fund Advisors, and others.

Hudson Technologies, Inc. (NASDAQ:HDSN - Get Free Report) major shareholder Hartree Partners, Lp purchased 118,549 shares of the stock in a transaction dated Thursday, September 24th. The stock was purchased at an average cost of $5.10 per share, for a total transaction of $604,599.90. Following the completion of the acquisition, the insider owned 5,348,517 shares of the company's stock, valued at approximately $27,277,436.70. This represents a 2.27% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases 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 acquired at an average cost of $5.10 per share, for a total transaction of $56,166.30.
• On Monday, September 21st, Hartree Partners, Lp purchased 2,502 shares of Hudson Technologies stock. The stock was bought at an average cost of $5.10 per share, with a total value of $12,760.20.
• On Wednesday, September 16th, Hartree Partners, Lp bought 11,136 shares of Hudson Technologies stock. The stock was 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 acquired 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 bought 9,446 shares of Hudson Technologies stock. The shares were acquired at an average price 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, with a total value 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 price of $5.99 per share, for a total transaction of $312,102.96.
• On Tuesday, July 21st, Hartree Partners, Lp purchased 47,708 shares of Hudson Technologies stock. The stock was bought at an average price 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 shares were purchased at an average price of $5.99 per share, with a total value of $106,873.58.

Hudson Technologies Stock Down 1.2%

NASDAQ:HDSN traded down $0.06 on Monday, hitting $5.10. The stock had a trading volume of 260,532 shares, compared to its average volume of 441,193. Hudson Technologies, Inc. has a 52-week low of $4.64 and a 52-week high of $9.95. The stock has a market cap of $214.66 million, a price-to-earnings ratio of 25.50 and a beta of 0.77. The business's 50-day simple moving average is $5.61 and its two-hundred day simple moving average is $5.72.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.06). Hudson Technologies had a net margin of 3.51% and a return on equity of 4.95%. The business had revenue of $78.35 million for the quarter, compared to the consensus estimate of $74.20 million. As a group, equities research analysts anticipate that Hudson Technologies, Inc. will post 0.17 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on HDSN. Weiss Ratings cut Hudson Technologies from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, August 11th. Canaccord Genuity Group cut their target price on Hudson Technologies from $9.00 to $8.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $8.62.

Hedge Funds Weigh In On Hudson Technologies

Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Hudson Technologies during the 2nd quarter worth about $16,303,000. Dimensional Fund Advisors LP boosted its holdings in 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 grew its position in Hudson Technologies by 248.4% during the 1st quarter. Segall Bryant & Hamill LLC now owns 628,341 shares of the industrial products company's stock worth $3,695,000 after purchasing an additional 447,987 shares during the period. JB Capital Partners LP acquired a new position in shares of Hudson Technologies in the 2nd quarter valued at about $1,757,588. Finally, Ancora Advisors LLC acquired a new stake in Hudson Technologies during the second quarter worth about $1,741,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

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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