Key Points
- Hartree Partners bought 5,198 Hudson Technologies shares at $5.50 each, spending $28,589 and increasing its ownership by 0.10% to 5.10 million shares. The purchase follows several larger acquisitions by the shareholder since late June.
- Hudson Technologies reported quarterly EPS of $0.12, missing the $0.18 consensus estimate, though revenue of $78.35 million exceeded expectations of $74.20 million.
- HDSN shares opened at $5.67, while analysts maintain a consensus “Hold” rating with an $8.62 price target; institutional investors own 71.34% of the stock.
Hudson Technologies, Inc. (NASDAQ:HDSN - Get Free Report) major shareholder Hartree Partners, Lp bought 5,198 shares of the firm's stock in a transaction dated Wednesday, August 12th. The stock was purchased at an average price of $5.50 per share, for a total transaction of $28,589.00. Following the transaction, the insider owned 5,099,388 shares of the company's stock, valued at approximately $28,046,634. This represents a 0.10% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more 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 Wednesday, July 29th, Hartree Partners, Lp acquired 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 bought 47,708 shares of Hudson Technologies stock. The shares were acquired 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 stock was acquired at an average cost of $5.99 per share, for a total transaction of $106,873.58.
- On Tuesday, July 7th, Hartree Partners, Lp acquired 600 shares of Hudson Technologies stock. The shares were 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 acquired 4,634 shares of Hudson Technologies stock. The stock was acquired at an average price of $5.99 per share, with a total value of $27,757.66.
- On Thursday, July 2nd, Hartree Partners, Lp bought 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 purchased 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 stock was bought at an average cost of $5.68 per share, with a total value of $1,163,201.52.
Hudson Technologies Stock Performance
Shares of Hudson Technologies stock opened at $5.67 on Friday. The business's 50 day moving average price is $5.91 and its 200 day moving average price is $6.11. The company has a market cap of $238.65 million, a price-to-earnings ratio of 28.35 and a beta of 0.78. Hudson Technologies, Inc. has a one year low of $4.64 and a one year high of $10.52.
Hudson Technologies (NASDAQ:HDSN - Get Free Report) last issued its earnings results on Wednesday, August 5th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.06). Hudson Technologies had a net margin of 3.51% and a return on equity of 4.95%. The company had revenue of $78.35 million during the quarter, compared to analysts' expectations of $74.20 million. On average, analysts predict that Hudson Technologies, Inc. will post 0.17 EPS for the current fiscal year.
Institutional Investors Weigh In On Hudson Technologies
A number of institutional investors have recently made changes to their positions in HDSN. State of Alaska Department of Revenue acquired a new position in shares of Hudson Technologies in the 4th quarter worth approximately $28,000. Quarry LP increased its holdings in Hudson Technologies by 51.9% in the 3rd quarter. Quarry LP now owns 5,281 shares of the industrial products company's stock valued at $52,000 after purchasing an additional 1,805 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in Hudson Technologies by 88.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,530 shares of the industrial products company's stock valued at $75,000 after purchasing an additional 3,532 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Hudson Technologies by 177.6% in the second quarter. Tower Research Capital LLC TRC now owns 8,715 shares of the industrial products company's stock valued at $71,000 after purchasing an additional 5,576 shares during the period. Finally, Kemnay Advisory Services Inc. purchased a new stake in Hudson Technologies in the fourth quarter valued at approximately $62,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on HDSN shares. Canaccord Genuity Group cut their price objective on shares of Hudson Technologies from $9.00 to $8.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. Wall Street Zen cut shares of Hudson Technologies from a "hold" rating to a "sell" rating in a research note on Saturday, May 16th. Finally, Weiss Ratings lowered shares of Hudson Technologies from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $8.62.
Get Our Latest Stock Analysis on Hudson Technologies
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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