Key Points
- Hartree Partners purchased 91,166 Hudson Technologies shares at $5.50 each, spending $501,413 and increasing its ownership by 1.78% to 5.2 million shares.
- Hudson Technologies shares opened at $5.29, down 3.3%, and remain well below their 52-week high of $10.52. The company’s latest quarterly earnings missed estimates, although revenue exceeded expectations.
- Institutional investors own 71.34% of the company. Analyst sentiment is mixed, with an overall “Hold” rating and an average price target of $8.62, while some firms recently downgraded the stock to “Sell.”
Hudson Technologies, Inc. (NASDAQ:HDSN - Get Free Report) major shareholder Hartree Partners, Lp bought 9,446 shares of Hudson Technologies stock in a transaction dated Monday, August 24th. The stock was acquired at an average price of $5.50 per share, with a total value of $51,953.00. Following the purchase, the insider directly owned 5,108,834 shares of the company's stock, valued at approximately $28,098,587. This represents a 0.19% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
Hartree Partners, Lp also recently made the following trade(s):
- On Tuesday, August 25th, Hartree Partners, Lp acquired 91,166 shares of Hudson Technologies stock. The stock was acquired at an average cost of $5.50 per share, with a total value of $501,413.00.
- On Wednesday, August 12th, Hartree Partners, Lp purchased 5,198 shares of Hudson Technologies stock. The stock was bought at an average price of $5.50 per share, with a total value of $28,589.00.
- On Wednesday, July 29th, Hartree Partners, Lp purchased 52,104 shares of Hudson Technologies stock. The shares were bought 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 stock was purchased at an average price of $5.99 per share, for a total transaction of $285,770.92.
- On Monday, July 20th, Hartree Partners, Lp acquired 17,842 shares of Hudson Technologies stock. The shares were 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 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 bought 4,634 shares of Hudson Technologies stock. The shares were 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 bought 271,302 shares of Hudson Technologies stock. The stock was bought at an average price 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 shares were purchased at an average cost of $5.88 per share, for a total transaction 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 Down 3.3%
Hudson Technologies stock opened at $5.29 on Thursday. Hudson Technologies, Inc. has a twelve month low of $4.64 and a twelve month high of $10.52. The firm has a fifty day simple moving average of $5.92 and a two-hundred day simple moving average of $6.01. The company has a market capitalization of $222.66 million, a PE ratio of 26.45 and a beta of 0.78.
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 for the quarter, missing the consensus estimate of $0.18 by ($0.06). The company had revenue of $78.35 million for the quarter, compared to analysts' expectations of $74.20 million. Hudson Technologies had a net margin of 3.51% and a return on equity of 4.95%. As a group, equities analysts expect that Hudson Technologies, Inc. will post 0.17 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of HDSN. State of Alaska Department of Revenue purchased a new stake in shares of Hudson Technologies in the 4th quarter worth approximately $28,000. Quarry LP grew its stake in shares of Hudson Technologies by 51.9% in the third quarter. Quarry LP now owns 5,281 shares of the industrial products company's stock worth $52,000 after acquiring an additional 1,805 shares during the last quarter. Kemnay Advisory Services Inc. bought a new position in shares of Hudson Technologies during the fourth quarter valued at $62,000. Tower Research Capital LLC TRC boosted its stake in Hudson Technologies by 177.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,715 shares of the industrial products company's stock worth $71,000 after purchasing an additional 5,576 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in Hudson Technologies by 88.3% during 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. 71.34% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
HDSN has been the subject of several research analyst reports. Wall Street Zen cut Hudson Technologies from a "hold" rating to a "sell" rating in a report on Saturday, May 16th. Canaccord Genuity Group decreased their target price on Hudson Technologies from $9.00 to $8.00 and set a "buy" rating for the company in a report on Thursday, August 6th. Finally, Weiss Ratings cut shares of Hudson Technologies from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Hudson Technologies presently has an average rating of "Hold" and a consensus price target of $8.62.
View Our Latest Research Report 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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