Hudson Technologies (NASDAQ:HDSN) Stock: Insider Hartree Partners, Lp Purchases 58,710 Shares

Key Points

• Hartree Partners increased its Hudson Technologies stake by purchasing 58,710 shares at $4.25 each, spending approximately $249,518. The transaction raised its direct ownership to 5.61 million shares, valued at about $23.8 million.
• Hudson Technologies shares fell 1.9% to $4.23, near the company’s 52-week low of $4.10. The company also missed quarterly expectations, reporting $0.05 in earnings per share versus estimates of $0.12 and revenue of $59.4 million versus $78.0 million expected.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $7.50; recent target cuts and downgrades included a Zacks “Strong Sell” rating. Institutional investors collectively own 71.34% of the company.

Hudson Technologies, Inc. (NASDAQ:HDSN - Get Free Report) major shareholder Hartree Partners, Lp acquired 58,710 shares of the business's stock in a transaction dated Friday, October 30th. The shares were bought at an average cost of $4.25 per share, for a total transaction of $249,517.50. Following the transaction, the insider directly owned 5,607,227 shares in the company, valued at approximately $23,830,714.75. This represents a 1.06% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.

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

• On Monday, November 2nd, Hartree Partners, Lp bought 41,290 shares of Hudson Technologies stock. The stock was purchased at an average cost of $4.25 per share, with a total value of $175,482.50.
• On Thursday, October 29th, Hartree Partners, Lp purchased 200,000 shares of Hudson Technologies stock. The shares were purchased at an average cost of $4.44 per share, for a total transaction of $888,000.00.
• On Thursday, September 24th, Hartree Partners, Lp purchased 118,549 shares of Hudson Technologies stock. The stock was purchased at an average price of $5.10 per share, for a total transaction of $604,599.90.
• On Wednesday, September 23rd, Hartree Partners, Lp acquired 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 Monday, September 21st, Hartree Partners, Lp acquired 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 shares were purchased at an average price of $5.10 per share, with a total value of $56,793.60.
• On Wednesday, September 2nd, Hartree Partners, Lp bought 5,317 shares of Hudson Technologies stock. The shares were purchased at an average cost 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, for a total transaction of $501,413.00.
• On Monday, August 24th, Hartree Partners, Lp bought 9,446 shares of Hudson Technologies stock. The stock was purchased at an average price of $5.50 per share, for a total transaction of $51,953.00.
• On Wednesday, August 12th, Hartree Partners, Lp purchased 5,198 shares of Hudson Technologies stock. The stock was acquired at an average cost of $5.50 per share, with a total value of $28,589.00.

Hudson Technologies Stock Down 1.9%

HDSN stock traded down $0.08 during midday trading on Monday, reaching $4.23. 709,287 shares of the company's stock traded hands, compared to its average volume of 454,136. The company has a market cap of $178.04 million, a price-to-earnings ratio of -211.50 and a beta of 0.89. The firm's fifty day moving average price is $5.22 and its 200-day moving average price is $5.93. Hudson Technologies, Inc. has a 52 week low of $4.10 and a 52 week high of $9.10.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The industrial products company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.07). The business had revenue of $59.42 million during the quarter, compared to the consensus estimate of $77.96 million. Hudson Technologies had a negative net margin of 0.54% and a positive return on equity of 0.80%. Analysts forecast that Hudson Technologies, Inc. will post 0.11 earnings per share for the current year.

Institutional Trading of Hudson Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Hudson Technologies during the second quarter worth about $16,303,000. Segall Bryant & Hamill LLC increased its stake in Hudson Technologies by 248.4% in the 1st quarter. Segall Bryant & Hamill LLC now owns 628,341 shares of the industrial products company's stock valued at $3,695,000 after buying an additional 447,987 shares during the last quarter. JB Capital Partners LP bought a new position in shares of Hudson Technologies during the 2nd quarter worth approximately $1,757,588. Ancora Advisors LLC bought a new position in shares of Hudson Technologies during the 2nd quarter worth approximately $1,741,000. Finally, Kerrisdale Advisers LLC boosted 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 worth $1,722,000 after buying an additional 242,354 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on HDSN shares. Zacks Research downgraded Hudson Technologies from a "hold" rating to a "strong sell" rating in a research note on Thursday. B. Riley Financial lowered their price objective on Hudson Technologies from $7.25 to $6.00 and set a "buy" rating for the company in a research note on Thursday. Canaccord Genuity Group dropped their target price on Hudson Technologies from $8.00 to $7.00 and set a "buy" rating on the stock in a report on Thursday. Finally, Weiss Ratings cut Hudson Technologies from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $7.50.

About Hudson Technologies

Hudson Technologies, Inc NASDAQ: HDSN provides refrigerant products and services for the heating, ventilation, air conditioning and refrigeration (HVACR) industry. The company supplies reclaimed and recycled refrigerants, as well as virgin refrigerants and related products, to customers that operate or service commercial, industrial and residential cooling systems.

Its services include refrigerant reclamation, refrigerant management, cylinder management, technical support and logistics.

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