Key Points
- Hartree Partners purchased 5,317 Hudson Technologies shares at an average price of $5.10, increasing its stake by 0.10% to 5.21 million shares valued at approximately $26.5 million.
- Hudson Technologies reported quarterly EPS of $0.12, below the $0.18 analyst consensus, although revenue of $78.35 million exceeded expectations. The stock opened at $5.35, with a market capitalization of roughly $225 million.
- Institutional investors own 71.34% of the company, while analyst sentiment remains mixed: the consensus rating is Hold with an $8.62 target price, despite some firms maintaining or initiating sell ratings.
Hudson Technologies, Inc. (NASDAQ:HDSN - Get Free Report) major shareholder Hartree Partners, Lp purchased 5,317 shares of the business's stock in a transaction on Wednesday, September 2nd. The shares were purchased at an average price of $5.10 per share, with a total value of $27,116.70. Following the acquisition, the insider directly owned 5,205,317 shares in the company, valued at $26,547,116.70. 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. Major shareholders that own at least 10% 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, August 25th, Hartree Partners, Lp bought 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 Monday, August 24th, Hartree Partners, Lp acquired 9,446 shares of Hudson Technologies stock. The stock was acquired at an average cost of $5.50 per share, with a total value of $51,953.00.
- On Wednesday, August 12th, Hartree Partners, Lp bought 5,198 shares of Hudson Technologies stock. The shares were acquired at an average price of $5.50 per share, for a total transaction of $28,589.00.
- On Wednesday, July 29th, Hartree Partners, Lp purchased 52,104 shares of Hudson Technologies stock. The stock was acquired at an average cost of $5.99 per share, with a total value of $312,102.96.
- On Tuesday, July 21st, Hartree Partners, Lp acquired 47,708 shares of Hudson Technologies stock. The shares were bought at an average cost 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 bought at an average price 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 stock was bought 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 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 bought 271,302 shares of Hudson Technologies stock. The shares were bought 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 purchased 288,111 shares of Hudson Technologies stock. The shares were bought at an average price of $5.88 per share, for a total transaction of $1,694,092.68.
Hudson Technologies Stock Up 1.9%
Shares of HDSN opened at $5.35 on Friday. The business has a fifty day moving average of $5.86 and a 200 day moving average of $5.92. The company has a market cap of $225.18 million, a PE ratio of 26.75 and a beta of 0.77. Hudson Technologies, Inc. has a 52-week low of $4.64 and a 52-week high of $10.52.
Hudson Technologies (NASDAQ:HDSN - Get Free Report) last announced 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 firm had revenue of $78.35 million during 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, research analysts anticipate that Hudson Technologies, Inc. will post 0.17 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC raised its position in Hudson Technologies by 7.2% during the 1st 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. Dynamic Technology Lab Private Ltd purchased a new position in shares of Hudson Technologies during the first quarter valued at $97,000. Goldman Sachs Group Inc. raised its holdings in shares of Hudson Technologies by 49.1% in the first quarter. Goldman Sachs Group Inc. now owns 245,760 shares of the industrial products company's stock valued at $1,516,000 after acquiring an additional 80,973 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Hudson Technologies by 21.5% in the second quarter. Invesco Ltd. now owns 71,748 shares of the industrial products company's stock valued at $583,000 after acquiring an additional 12,683 shares in the last quarter. Finally, Quantinno Capital Management LP lifted 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 acquiring an additional 21,220 shares during the period. Institutional investors own 71.34% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on HDSN. Canaccord Genuity Group dropped their target price on 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 downgraded Hudson Technologies from a "hold" rating to a "sell" rating in a research report on Saturday, May 16th. Finally, Weiss Ratings lowered Hudson Technologies from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Hudson Technologies has a consensus rating of "Hold" and a consensus target price of $8.62.
Read Our Latest Analysis 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.
Further Reading
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