Hudson Technologies (NASDAQ:HDSN) Major Shareholder Buys 11,013 Shares

Key Points

• Hartree Partners purchased 11,013 Hudson Technologies shares at an average price of $5.10, spending $56,166.30 and increasing its stake to 5,229,968 shares.
• The transaction continues a series of purchases by Hartree Partners, which has acquired shares at prices ranging from $5.10 to $5.99 in recent months.
• Hudson Technologies shares traded at $5.14, while analysts maintained an average “Hold” rating and an $8.62 price target; the company’s latest quarterly EPS of $0.12 missed estimates, though revenue exceeded expectations.

Hudson Technologies, Inc. (NASDAQ:HDSN - Get Free Report) major shareholder Hartree Partners, Lp bought 11,013 shares of the business's stock in a transaction on Wednesday, September 23rd. The stock was purchased at an average cost of $5.10 per share, for a total transaction of $56,166.30. Following the transaction, the insider owned 5,229,968 shares of the company's stock, valued at $26,672,836.80. This trade represents a 0.21% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.

Hartree Partners, Lp also recently made the following trade(s):

• On Monday, September 21st, Hartree Partners, Lp purchased 2,502 shares of Hudson Technologies stock. The shares were purchased at an average price of $5.10 per share, with a total value of $12,760.20.
• On Wednesday, September 16th, Hartree Partners, Lp acquired 11,136 shares of Hudson Technologies stock. The stock was purchased at an average cost of $5.10 per share, with a total value of $56,793.60.
• On Wednesday, September 2nd, Hartree Partners, Lp acquired 5,317 shares of Hudson Technologies stock. The stock was 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 shares were purchased at an average cost of $5.50 per share, for a total transaction of $501,413.00.
• On Monday, August 24th, Hartree Partners, Lp bought 9,446 shares of Hudson Technologies stock. The shares were purchased at an average cost of $5.50 per share, for a total transaction of $51,953.00.
• On Wednesday, August 12th, Hartree Partners, Lp bought 5,198 shares of Hudson Technologies stock. The stock was purchased at an average cost of $5.50 per share, with a total value of $28,589.00.
• On Wednesday, July 29th, Hartree Partners, Lp acquired 52,104 shares of Hudson Technologies stock. The stock was acquired at an average price of $5.99 per share, with a total value of $312,102.96.
• On Tuesday, July 21st, Hartree Partners, Lp bought 47,708 shares of Hudson Technologies stock. The shares were acquired at an average price of $5.99 per share, for a total transaction of $285,770.92.
• On Monday, July 20th, Hartree Partners, Lp purchased 17,842 shares of Hudson Technologies stock. The stock was acquired at an average cost of $5.99 per share, with a total value of $106,873.58.
• On Tuesday, July 7th, Hartree Partners, Lp purchased 600 shares of Hudson Technologies stock. The stock was acquired at an average price of $5.99 per share, with a total value of $3,594.00.

Hudson Technologies Stock Performance

Shares of Hudson Technologies stock traded down $0.09 during trading hours on Wednesday, reaching $5.14. 423,081 shares of the company were exchanged, compared to its average volume of 441,064. The firm 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 1 year low of $4.64 and a 1 year high of $10.06. The stock's fifty day moving average is $5.67 and its 200 day moving average is $5.75.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last released its earnings results 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 company had revenue of $78.35 million during the quarter, compared to analysts' expectations of $74.20 million. Research analysts expect that Hudson Technologies, Inc. will post 0.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. 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. Weiss Ratings cut shares of Hudson Technologies from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, August 11th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $8.62.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. JB Capital Partners LP acquired a new stake in shares of Hudson Technologies during the 2nd quarter worth about $1,757,588. Empowered Funds LLC acquired a new position in Hudson Technologies in the second quarter valued at approximately $1,182,000. BlackRock Inc. acquired a new position in Hudson Technologies in the second quarter valued at approximately $16,303,000. Bank of New York Mellon Corp acquired a new position in Hudson Technologies in the second quarter valued at approximately $1,175,000. Finally, Segall Bryant & Hamill LLC increased its stake in 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 last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

About Hudson Technologies

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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