Hudson Technologies (NASDAQ:HDSN) Major Shareholder Acquires 9,446 Shares

Key Points

• Major shareholder Hartree Partners bought 9,446 Hudson Technologies shares at $5.50 each, increasing its stake to 5,108,834 shares valued at approximately $28.1 million.
• Hartree has made several additional purchases in recent months, including 91,166 shares on August 25 and more than 900,000 shares across transactions in June and July.
• Hudson Technologies shares fell 3.3% to $5.29. The company missed quarterly EPS estimates but exceeded revenue expectations, while analysts maintain a consensus “Hold” rating with an average price target of $8.62.

Hudson Technologies, Inc. (NASDAQ:HDSN - Get Free Report) major shareholder Hartree Partners, Lp bought 9,446 shares of the company's stock in a transaction dated Monday, August 24th. The stock was bought at an average cost of $5.50 per share, with a total value of $51,953.00. Following the completion of the acquisition, the insider owned 5,108,834 shares in the company, valued at $28,098,587. This represents a 0.19% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Large 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 Tuesday, August 25th, Hartree Partners, Lp purchased 91,166 shares of Hudson Technologies stock. The stock was bought at an average cost of $5.50 per share, for a total transaction of $501,413.00.
• 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 acquired 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 shares were bought 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 stock was 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 bought 600 shares of Hudson Technologies stock. The stock was purchased at an average cost of $5.99 per share, for a total transaction of $3,594.00.
• On Monday, July 6th, Hartree Partners, Lp bought 4,634 shares of Hudson Technologies stock. The shares were purchased at an average price of $5.99 per share, with a total value of $27,757.66.
• On Thursday, July 2nd, Hartree Partners, Lp purchased 271,302 shares of Hudson Technologies stock. The stock was purchased at an average price of $5.97 per share, for a total transaction of $1,619,672.94.
• On Wednesday, July 1st, Hartree Partners, Lp acquired 288,111 shares of Hudson Technologies stock. The shares were purchased at an average cost of $5.88 per share, with a total value of $1,694,092.68.
• On Tuesday, June 30th, Hartree Partners, Lp bought 204,789 shares of Hudson Technologies stock. The stock was purchased at an average price of $5.68 per share, with a total value of $1,163,201.52.

Hudson Technologies Trading Down 3.3%

NASDAQ HDSN traded down $0.18 during trading hours on Wednesday, reaching $5.29. 594,069 shares of the company's stock were exchanged, compared to its average volume of 438,184. The firm has a fifty day moving average of $5.93 and a 200-day moving average of $6.03. Hudson Technologies, Inc. has a one year low of $4.64 and a one year high of $10.52. The stock has a market cap of $222.66 million, a PE ratio of 26.45 and a beta of 0.78.

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

Hedge Funds Weigh In On Hudson Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HDSN. Kerrisdale Advisers LLC increased its stake in shares of 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 last quarter. Ancora Advisors LLC bought a new position in Hudson Technologies during the 2nd quarter worth approximately $1,741,000. Empowered Funds LLC bought a new position in Hudson Technologies during the 2nd quarter worth approximately $1,182,000. Public Employees Retirement System of Ohio acquired a new position in Hudson Technologies during the second quarter valued at approximately $296,000. Finally, Bank of America Corp DE acquired a new position in Hudson Technologies during the second quarter valued at approximately $332,000. Institutional investors own 71.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on HDSN shares. Wall Street Zen lowered shares of Hudson Technologies from a "hold" rating to a "sell" rating in a report on Saturday, May 16th. Weiss Ratings cut Hudson Technologies from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, August 11th. Finally, Canaccord Genuity Group cut their price target on Hudson Technologies from $9.00 to $8.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. Two investment 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. According to data from MarketBeat.com, Hudson Technologies presently has a consensus rating of "Hold" and an average target price of $8.62.

About Hudson Technologies

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.

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