Hudson Technologies, Inc. (NASDAQ:HDSN - Get Free Report) major shareholder Hartree Partners, Lp acquired 52,104 shares of the firm's stock in a transaction on Wednesday, July 29th. The stock was purchased at an average cost of $5.99 per share, for a total transaction of $312,102.96. Following the completion of the acquisition, the insider owned 5,094,190 shares in the company, valued at approximately $30,514,198.10. This represents a 1.03% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major 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 Tuesday, July 21st, Hartree Partners, Lp bought 47,708 shares of Hudson Technologies stock. The shares were 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 bought 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 bought 600 shares of Hudson Technologies stock. The stock was acquired at an average cost of $5.99 per share, with a total value of $3,594.00.
- On Monday, July 6th, Hartree Partners, Lp purchased 4,634 shares of Hudson Technologies stock. The stock was acquired at an average price of $5.99 per share, for a total transaction of $27,757.66.
- On Thursday, July 2nd, Hartree Partners, Lp purchased 271,302 shares of Hudson Technologies stock. The shares were acquired at an average cost of $5.97 per share, for a total transaction 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.
- On Tuesday, June 30th, Hartree Partners, Lp acquired 204,789 shares of Hudson Technologies stock. The stock was acquired at an average price of $5.68 per share, with a total value of $1,163,201.52.
Hudson Technologies Stock Up 4.1%
NASDAQ HDSN opened at $6.04 on Friday. The firm has a 50-day moving average price of $5.81 and a two-hundred day moving average price of $6.22. Hudson Technologies, Inc. has a 12-month low of $4.64 and a 12-month high of $10.52. The company has a market capitalization of $254.10 million, a P/E ratio of 19.48 and a beta of 0.78.
Hudson Technologies (NASDAQ:HDSN - Get Free Report) last announced its earnings results on Wednesday, May 6th. The industrial products company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.04). Hudson Technologies had a return on equity of 6.98% and a net margin of 5.66%.The business had revenue of $60.15 million for the quarter, compared to the consensus estimate of $57.15 million. Equities analysts expect that Hudson Technologies, Inc. will post 0.34 EPS for the current year.
Analysts Set New Price Targets
HDSN has been the topic of a number of recent research 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 note on Thursday, May 7th. Weiss Ratings upgraded Hudson Technologies from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Thursday, July 23rd. Finally, Wall Street Zen downgraded Hudson Technologies from a "hold" rating to a "sell" rating in a research report on Saturday, May 16th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $8.88.
Get Our Latest Analysis on HDSN
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of HDSN. Westerly Capital Management LLC boosted its holdings in shares of Hudson Technologies by 34.9% during the 4th quarter. Westerly Capital Management LLC now owns 2,550,000 shares of the industrial products company's stock valued at $17,468,000 after acquiring an additional 660,000 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Hudson Technologies by 5.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,148,311 shares of the industrial products company's stock valued at $12,631,000 after purchasing an additional 105,160 shares during the last quarter. Segall Bryant & Hamill LLC boosted 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 valued at $3,695,000 after purchasing an additional 447,987 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Hudson Technologies by 7.2% during the first quarter. AQR Capital Management LLC now owns 591,645 shares of the industrial products company's stock valued at $3,650,000 after purchasing an additional 39,654 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings 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 purchasing an additional 339,543 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.
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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