Key Points
- Hartree Partners purchased 47,708 Hudson Technologies shares at an average of $5.99, investing $285,770.92 and increasing its ownership by 0.96% to 5.04 million shares. The major shareholder has also made several additional purchases since June 30.
- Hudson Technologies reported quarterly EPS of $0.01, missing the $0.05 consensus estimate, although revenue of $60.15 million exceeded estimates. Analysts expect full-year EPS of $0.34.
- HDSN opened at $6.16, with a market capitalization of about $259 million; analyst sentiment is currently Hold, with a consensus price target of $8.88.
Hudson Technologies, Inc. (NASDAQ:HDSN - Get Free Report) major shareholder Hartree Partners, Lp acquired 17,842 shares of the business's stock in a transaction that occurred on Monday, July 20th. The stock was acquired at an average cost of $5.99 per share, with a total value of $106,873.58. Following the completion of the acquisition, the insider owned 4,994,378 shares in the company, valued at $29,916,324.22. This trade represents a 0.36% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large 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 Tuesday, July 21st, Hartree Partners, Lp bought 47,708 shares of Hudson Technologies stock. The shares were acquired at an average cost of $5.99 per share, for a total transaction of $285,770.92.
- On Tuesday, July 7th, Hartree Partners, Lp bought 600 shares of Hudson Technologies stock. The shares were bought at an average price 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 bought at an average price of $5.99 per share, with a total value of $27,757.66.
- On Thursday, July 2nd, Hartree Partners, Lp acquired 271,302 shares of Hudson Technologies stock. The shares were bought 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 bought 288,111 shares of Hudson Technologies stock. The stock was bought at an average price of $5.88 per share, with a total value of $1,694,092.68.
- On Tuesday, June 30th, Hartree Partners, Lp purchased 204,789 shares of Hudson Technologies stock. The shares were bought at an average price of $5.68 per share, for a total transaction of $1,163,201.52.
Hudson Technologies Trading Down 1.3%
Shares of Hudson Technologies stock opened at $6.16 on Wednesday. The company's 50-day moving average price is $5.76 and its 200-day moving average price is $6.24. Hudson Technologies, Inc. has a 12-month low of $4.64 and a 12-month high of $10.52. The company has a market cap of $259.15 million, a price-to-earnings ratio of 19.87 and a beta of 0.78.
Hudson Technologies (NASDAQ:HDSN - Get Free Report) last posted its earnings results on Wednesday, May 6th. The industrial products company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.04). Hudson Technologies had a return on equity of 6.98% and a net margin of 5.66%.The firm had revenue of $60.15 million for the quarter, compared to the consensus estimate of $57.15 million. On average, sell-side analysts predict that Hudson Technologies, Inc. will post 0.34 earnings per share for the current year.
Hedge Funds Weigh In On Hudson Technologies
A number of large investors have recently modified their holdings of HDSN. Westerly Capital Management LLC boosted its stake in Hudson Technologies by 63.3% in the second quarter. Westerly Capital Management LLC now owns 2,000,000 shares of the industrial products company's stock worth $16,240,000 after buying an additional 775,000 shares in the last quarter. Segall Bryant & Hamill LLC raised its stake in shares of Hudson Technologies by 248.4% during the first quarter. Segall Bryant & Hamill LLC now owns 628,341 shares of the industrial products company's stock worth $3,695,000 after acquiring an additional 447,987 shares in the last quarter. Marshall Wace LLP raised its stake in shares of Hudson Technologies by 270.4% during the fourth quarter. Marshall Wace LLP now owns 465,130 shares of the industrial products company's stock worth $3,186,000 after acquiring an additional 339,543 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Hudson Technologies by 53,751.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 269,256 shares of the industrial products company's stock worth $1,844,000 after acquiring an additional 268,756 shares during the last quarter. Finally, Tudor Investment Corp ET AL bought a new stake in shares of Hudson Technologies in the 3rd quarter worth approximately $2,058,000. 71.34% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
HDSN has been the topic of a number of recent analyst reports. Canaccord Genuity Group lowered their price objective on Hudson Technologies from $9.50 to $9.00 and set a "buy" rating on the stock in a research report on Thursday, May 7th. Wall Street Zen lowered Hudson Technologies from a "hold" rating to a "sell" rating in a research note on Saturday, May 16th. Finally, Weiss Ratings upgraded Hudson Technologies from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Thursday, July 23rd. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, Hudson Technologies presently has a consensus rating of "Hold" and a consensus target price of $8.88.
Check Out Our Latest Analysis on HDSN
About Hudson Technologies
(
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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