Key Points
- Hartree Partners purchased 11,136 Hudson Technologies shares at $5.10 each for $56,793.60, increasing its stake by 0.21% to 5.22 million shares valued at approximately $26.6 million.
- The shareholder has made multiple additional purchases since July, including 271,302 shares acquired on July 2 for about $1.62 million, indicating continued buying activity.
- Hudson Technologies shares opened at $5.17, well below the 52-week high of $10.27. Analysts maintain a consensus “Hold” rating with an $8.62 price target, while the company recently missed quarterly EPS estimates despite beating revenue expectations.
Hudson Technologies, Inc. (NASDAQ:HDSN - Get Free Report) major shareholder Hartree Partners, Lp purchased 11,136 shares of Hudson Technologies stock in a transaction on Wednesday, September 16th. The stock was bought at an average price of $5.10 per share, for a total transaction of $56,793.60. Following the transaction, the insider directly owned 5,216,453 shares in the company, valued at approximately $26,603,910.30. The trade was a 0.21% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major 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 Wednesday, September 2nd, Hartree Partners, Lp purchased 5,317 shares of Hudson Technologies stock. The stock was purchased at an average price of $5.10 per share, for a total transaction of $27,116.70.
- On Tuesday, August 25th, Hartree Partners, Lp acquired 91,166 shares of Hudson Technologies stock. The stock was purchased at an average cost of $5.50 per share, for a total transaction of $501,413.00.
- On Monday, August 24th, Hartree Partners, Lp acquired 9,446 shares of Hudson Technologies stock. The stock was purchased at an average cost of $5.50 per share, for a total transaction of $51,953.00.
- On Wednesday, August 12th, Hartree Partners, Lp acquired 5,198 shares of Hudson Technologies stock. The shares were purchased at an average price of $5.50 per share, with a total value of $28,589.00.
- On Wednesday, July 29th, Hartree Partners, Lp bought 52,104 shares of Hudson Technologies stock. The shares were purchased at an average cost of $5.99 per share, with a total value 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 bought 17,842 shares of Hudson Technologies stock. The stock was purchased at an average price of $5.99 per share, for a total transaction of $106,873.58.
- On Tuesday, July 7th, Hartree Partners, Lp purchased 600 shares of Hudson Technologies stock. The shares were purchased at an average cost 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 shares were 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 acquired 271,302 shares of Hudson Technologies stock. The stock was acquired at an average cost of $5.97 per share, with a total value of $1,619,672.94.
Hudson Technologies Price Performance
Shares of NASDAQ:HDSN opened at $5.17 on Friday. The company has a market capitalization of $217.61 million, a price-to-earnings ratio of 25.85 and a beta of 0.77. The business's 50-day moving average is $5.71 and its 200-day moving average is $5.78. Hudson Technologies, Inc. has a 1 year low of $4.64 and a 1 year high of $10.27.
Hudson Technologies (NASDAQ:HDSN - Get Free Report) last released its earnings results on Wednesday, August 5th. The industrial products company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.06). Hudson Technologies had a return on equity of 4.95% and a net margin of 3.51%.The business had revenue of $78.35 million for the quarter, compared to analyst estimates of $74.20 million. Analysts anticipate that Hudson Technologies, Inc. will post 0.17 EPS for the current year.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on the stock. Weiss Ratings lowered shares of Hudson Technologies from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, August 11th. Canaccord Genuity Group cut their target price on shares of Hudson Technologies from $9.00 to $8.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Hudson Technologies currently has an average rating of "Hold" and a consensus price target of $8.62.
View Our Latest Research Report on HDSN
Institutional Investors Weigh In On Hudson Technologies
A number of institutional investors and hedge funds have recently made changes to their positions in HDSN. State of Wyoming bought a new position in Hudson Technologies in the 2nd quarter valued at about $78,000. Sequoia Financial Advisors LLC acquired a new position in Hudson Technologies during the 1st quarter valued at about $82,000. AXQ Capital LP bought a new stake in Hudson Technologies during the 4th quarter worth approximately $85,000. EP Wealth Advisors LLC bought a new stake in Hudson Technologies during the 2nd quarter worth approximately $97,000. Finally, Empirical Asset Management LLC bought a new stake in Hudson Technologies during the 2nd quarter worth approximately $98,000. Institutional investors and hedge funds own 71.34% of the company's stock.
About Hudson Technologies
(
Get Free Report)
Hudson Technologies, Inc is an environmental services company focused on refrigerants and related products. The company provides refrigerant reclamation, processing, and resale services, helping customers recover and reuse refrigerants from commercial, industrial, and automotive refrigeration and air-conditioning systems.
Its offerings also include virgin, reclaimed, and specialty refrigerants; refrigerant management and compliance services; and on-site and technical services designed to support the installation, maintenance, and replacement of refrigeration and air-conditioning equipment.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
