Key Points
- Hartree Partners purchased 118,549 Hudson Technologies shares at $5.10 each, investing approximately $604,600 and increasing its position by 2.27% to 5.35 million shares.
- The major shareholder has made multiple additional purchases in recent months, signaling continued accumulation of HDSN stock.
- Hudson Technologies recently missed quarterly EPS estimates despite beating revenue expectations. Analysts maintain a consensus “Hold” rating with an average price target of $8.62, while the stock recently traded at $5.10.
Hudson Technologies, Inc. (NASDAQ:HDSN - Get Free Report) major shareholder Hartree Partners, Lp bought 118,549 shares of the business's stock in a transaction dated Thursday, September 24th. The shares were bought at an average cost of $5.10 per share, for a total transaction of $604,599.90. Following the purchase, the insider directly owned 5,348,517 shares in the company, valued at approximately $27,277,436.70. This represents a 2.27% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
Hartree Partners, Lp also recently made the following trade(s):
- On Wednesday, September 23rd, Hartree Partners, Lp purchased 11,013 shares of Hudson Technologies stock. The stock was bought at an average cost of $5.10 per share, with a total value of $56,166.30.
- On Monday, September 21st, Hartree Partners, Lp acquired 2,502 shares of Hudson Technologies stock. The stock was bought at an average price of $5.10 per share, with a total value of $12,760.20.
- On Wednesday, September 16th, Hartree Partners, Lp acquired 11,136 shares of Hudson Technologies stock. The shares were purchased at an average cost of $5.10 per share, for a total transaction of $56,793.60.
- On Wednesday, September 2nd, Hartree Partners, Lp bought 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 bought 91,166 shares of Hudson Technologies stock. The shares were purchased at an average price of $5.50 per share, for a total transaction of $501,413.00.
- On Monday, August 24th, Hartree Partners, Lp bought 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 bought 5,198 shares of Hudson Technologies stock. The stock was 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 purchased 52,104 shares of Hudson Technologies stock. The shares were 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 purchased 47,708 shares of Hudson Technologies stock. The shares were 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 purchased 17,842 shares of Hudson Technologies stock. The stock was purchased at an average cost of $5.99 per share, for a total transaction of $106,873.58.
Hudson Technologies Trading Down 1.2%
HDSN opened at $5.10 on Tuesday. The stock has a fifty day simple moving average of $5.58 and a two-hundred day simple moving average of $5.72. The company has a market cap of $214.66 million, a price-to-earnings ratio of 25.50 and a beta of 0.77. Hudson Technologies, Inc. has a 12-month low of $4.64 and a 12-month high of $9.95.
Hudson Technologies (NASDAQ:HDSN - Get Free Report) last announced its quarterly earnings data 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 net margin of 3.51% and a return on equity of 4.95%. The firm had revenue of $78.35 million for 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 year.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on HDSN shares. Weiss Ratings downgraded 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 dropped their price target on Hudson Technologies from $9.00 to $8.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Hudson Technologies currently has a consensus rating of "Hold" and a consensus target price of $8.62.
View Our Latest Stock Report on HDSN
Institutional Investors Weigh In On Hudson Technologies
Several institutional investors and hedge funds have recently made changes to their positions in HDSN. Squarepoint Ops LLC raised its holdings in Hudson Technologies by 154.5% in the 2nd quarter. Squarepoint Ops LLC now owns 66,220 shares of the industrial products company's stock worth $380,000 after acquiring an additional 40,202 shares during the last quarter. Kerrisdale Advisers LLC lifted its position in Hudson Technologies by 420.6% in the 2nd quarter. Kerrisdale Advisers LLC now owns 299,976 shares of the industrial products company's stock valued at $1,722,000 after acquiring an additional 242,354 shares in the last quarter. Ancora Advisors LLC purchased a new stake in Hudson Technologies during the 2nd quarter valued at $1,741,000. Empowered Funds LLC purchased a new stake in Hudson Technologies during the 2nd quarter valued at $1,182,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Hudson Technologies in the 2nd quarter worth $296,000. Institutional investors own 71.34% of the company's stock.
Hudson Technologies Company Profile
(
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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