Hartree Partners, Lp Buys 204,789 Shares of Hudson Technologies (NASDAQ:HDSN) Stock

Hudson Technologies, Inc. (NASDAQ:HDSNGet Free Report) major shareholder Hartree Partners, Lp purchased 204,789 shares of the stock in a transaction dated Tuesday, June 30th. The stock was acquired at an average cost of $5.68 per share, for a total transaction of $1,163,201.52. Following the transaction, the insider owned 4,411,889 shares of the company’s stock, valued at approximately $25,059,529.52. This trade represents a 4.87% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own at least 10% 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 Thursday, July 2nd, Hartree Partners, Lp acquired 271,302 shares of Hudson Technologies stock. The stock was acquired at an average cost of $5.97 per share, with a total value of $1,619,672.94.
  • On Wednesday, July 1st, Hartree Partners, Lp acquired 288,111 shares of Hudson Technologies stock. The stock was acquired at an average price of $5.88 per share, with a total value of $1,694,092.68.

Hudson Technologies Stock Performance

HDSN stock traded up $0.32 during midday trading on Thursday, reaching $5.99. 744,521 shares of the company’s stock traded hands, compared to its average volume of 384,614. The firm has a market capitalization of $252.00 million, a PE ratio of 19.32 and a beta of 0.78. The company has a 50-day moving average price of $5.56 and a two-hundred day moving average price of $6.35. Hudson Technologies, Inc. has a 52 week low of $4.64 and a 52 week high of $10.52.

Hudson Technologies (NASDAQ:HDSNGet Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The company had revenue of $60.15 million during the quarter, compared to the consensus estimate of $57.15 million. Hudson Technologies had a return on equity of 6.98% and a net margin of 5.66%. As a group, analysts predict that Hudson Technologies, Inc. will post 0.34 EPS for the current fiscal year.

Institutional Trading of Hudson Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC boosted its holdings in shares of Hudson Technologies by 7.2% in the 1st quarter. AQR Capital Management LLC now owns 591,645 shares of the industrial products company’s stock worth $3,650,000 after purchasing an additional 39,654 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Hudson Technologies in the 1st quarter worth approximately $97,000. Goldman Sachs Group Inc. lifted its position in Hudson Technologies by 49.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 245,760 shares of the industrial products company’s stock worth $1,516,000 after buying an additional 80,973 shares during the last quarter. Invesco Ltd. boosted its stake in Hudson Technologies by 21.5% in the second quarter. Invesco Ltd. now owns 71,748 shares of the industrial products company’s stock worth $583,000 after buying an additional 12,683 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its stake in Hudson Technologies by 87.7% in the second quarter. Quantinno Capital Management LP now owns 45,416 shares of the industrial products company’s stock worth $369,000 after buying an additional 21,220 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Wall Street Zen lowered Hudson Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Roth Mkm lowered their price target on shares of Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Friday, March 6th. B. Riley Financial cut their price objective on shares of Hudson Technologies from $10.50 to $9.50 and set a “buy” rating for the company in a research report on Thursday, March 5th. Weiss Ratings cut shares of Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 28th. Finally, Canaccord Genuity Group decreased their target price on shares of Hudson Technologies from $9.50 to $9.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $8.88.

Check Out Our Latest Stock Report on HDSN

Hudson Technologies Company Profile

(Get Free Report)

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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