Key Points
- Hartree Partners increased its Hudson Technologies stake by purchasing 2,502 shares at $5.10 each, bringing its direct holdings to 5.22 million shares. The major shareholder has made several additional purchases since July.
- Hudson Technologies’ stock opened at $5.14, down 1.7%, and remains well below its 52-week high of $10.06. The company recently reported quarterly EPS of $0.12, missing estimates, though revenue of $78.35 million exceeded expectations.
- Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $8.62; institutional investors own approximately 71.34% of the company.
Hudson Technologies, Inc. (NASDAQ:HDSN - Get Free Report) major shareholder Hartree Partners, Lp acquired 2,502 shares of the business's stock in a transaction on Monday, September 21st. The shares were purchased at an average price of $5.10 per share, for a total transaction of $12,760.20. Following the transaction, the insider directly owned 5,218,955 shares of the company's stock, valued at approximately $26,616,670.50. The trade was a 0.05% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own at least 10% 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, September 23rd, Hartree Partners, Lp bought 11,013 shares of Hudson Technologies stock. The stock was purchased at an average price of $5.10 per share, with a total value of $56,166.30.
- On Wednesday, September 16th, Hartree Partners, Lp purchased 11,136 shares of Hudson Technologies stock. The shares were purchased at an average cost of $5.10 per share, with a total value of $56,793.60.
- On Wednesday, September 2nd, Hartree Partners, Lp purchased 5,317 shares of Hudson Technologies stock. The shares were 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, with a total value of $51,953.00.
- On Wednesday, August 12th, Hartree Partners, Lp acquired 5,198 shares of Hudson Technologies stock. The stock was purchased at an average cost 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 acquired at an average price 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 shares were acquired at an average cost of $5.99 per share, for a total transaction of $285,770.92.
- On Monday, July 20th, Hartree Partners, Lp purchased 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 purchased 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.
Hudson Technologies Stock Down 1.7%
HDSN opened at $5.14 on Thursday. The business has a fifty day moving average of $5.65 and a 200 day moving average of $5.74. The stock has a market cap of $216.34 million, a P/E ratio of 25.70 and a beta of 0.77. Hudson Technologies, Inc. has a 52-week low of $4.64 and a 52-week high of $10.06.
Hudson Technologies (NASDAQ:HDSN - Get Free Report) last released 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). 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 the consensus estimate of $74.20 million. Equities analysts anticipate that Hudson Technologies, Inc. will post 0.17 EPS for the current fiscal year.
Analyst Ratings Changes
HDSN has been the subject of several research reports. Canaccord Genuity Group lowered 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. Weiss Ratings lowered Hudson Technologies from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, August 11th. 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 company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $8.62.
View Our Latest Stock Analysis on HDSN
Institutional Investors Weigh In On Hudson Technologies
Several hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of Hudson Technologies during the second quarter valued at approximately $16,303,000. Segall Bryant & Hamill LLC raised its stake in Hudson Technologies by 248.4% in the first quarter. Segall Bryant & Hamill LLC now owns 628,341 shares of the industrial products company's stock worth $3,695,000 after buying an additional 447,987 shares in the last quarter. JB Capital Partners LP purchased a new stake in Hudson Technologies during the second quarter worth $1,757,588. Ancora Advisors LLC purchased a new stake in Hudson Technologies during the second quarter worth $1,741,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Hudson Technologies by 53,751.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 269,256 shares of the industrial products company's stock valued at $1,844,000 after acquiring an additional 268,756 shares in the last quarter. Hedge funds and other institutional investors 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.
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