Hudson Technologies (NASDAQ:HDSN) Major Shareholder Purchases 11,136 Shares of Stock

Key Points

• Hartree Partners purchased 11,136 Hudson Technologies shares at $5.10 each, investing $56,793.60 and increasing its ownership to 5.22 million shares, valued at approximately $26.6 million.
• The purchase continues Hartree’s recent buying activity, including acquisitions of more than 500,000 shares since early July, while Hudson’s stock traded near $5.17—well below its 52-week high of $10.27.
• Analyst sentiment remains mixed: the consensus rating is Hold with an $8.62 average price target. Hudson recently missed quarterly EPS expectations, though revenue exceeded forecasts.

Hudson Technologies, Inc. (NASDAQ:HDSN - Get Free Report) major shareholder Hartree Partners, Lp purchased 11,136 shares of the firm's stock in a transaction dated Wednesday, September 16th. The shares were bought at an average price of $5.10 per share, for a total transaction of $56,793.60. Following the completion of the transaction, the insider owned 5,216,453 shares of the company's stock, valued at approximately $26,603,910.30. This trade represents a 0.21% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more 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 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, with a total value of $27,116.70.
• On Tuesday, August 25th, Hartree Partners, Lp acquired 91,166 shares of Hudson Technologies stock. The shares were purchased at an average cost 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 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 shares were purchased 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 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 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 purchased 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.
• On Tuesday, July 7th, Hartree Partners, Lp purchased 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 purchased 4,634 shares of Hudson Technologies stock. The stock was purchased at an average cost of $5.99 per share, for a total transaction of $27,757.66.
• On Thursday, July 2nd, Hartree Partners, Lp acquired 271,302 shares of Hudson Technologies stock. The stock was acquired at an average price of $5.97 per share, for a total transaction of $1,619,672.94.

Hudson Technologies Price Performance

NASDAQ HDSN traded up $0.02 during trading on Friday, reaching $5.17. The company's stock had a trading volume of 552,918 shares, compared to its average volume of 440,843. The firm has a fifty day moving average of $5.73 and a 200 day moving average of $5.79. Hudson Technologies, Inc. has a one year low of $4.64 and a one year high of $10.27. The stock has a market capitalization of $217.60 million, a PE ratio of 25.85 and a beta of 0.77.

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HDSN. Canaccord Genuity Group decreased their price target 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 downgraded 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 given a Sell rating to the stock. According to data from MarketBeat, Hudson Technologies has a consensus rating of "Hold" and an average target price of $8.62.

Hedge Funds Weigh In On Hudson Technologies

A number of large investors have recently modified their holdings of the company. First Trust Advisors LP raised its holdings in Hudson Technologies by 2.2% in the first quarter. First Trust Advisors LP now owns 145,083 shares of the industrial products company's stock worth $853,000 after purchasing an additional 3,105 shares in the last quarter. State of Wyoming boosted its holdings in shares of Hudson Technologies by 20.0% during the 4th quarter. State of Wyoming now owns 48,062 shares of the industrial products company's stock valued at $329,000 after buying an additional 8,015 shares in the last quarter. AXQ Capital LP purchased a new stake in shares of Hudson Technologies in the 4th quarter worth about $85,000. Hillsdale Investment Management Inc. grew its position in shares of Hudson Technologies by 41.9% in the 4th quarter. Hillsdale Investment Management Inc. now owns 44,000 shares of the industrial products company's stock worth $301,000 after buying an additional 13,000 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Hudson Technologies in the 1st quarter worth about $82,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

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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