While most investors analyze charts and await earnings,
one of the largest investors in this company simply kept buying shares without waiting for anyone, for three consecutive days...
Not one purchase,
but 3 consecutive transactions in $HDSN (Hudson Technologies) stock, totaling approximately $4,500,000.
Behind the purchases is Hartree Partners, a stakeholder holding more than 10% of the company,
but what's truly interesting is who is behind that name...
Hartree is not an index fund or a passive financial investor,
it is one of the private trading firms specializing in energy and commodity markets, with extensive operations in gas, electricity, carbon markets, and raw materials.
The refrigerant gas sector, where Hudson Technologies operates, is precisely within its area of expertise.
In other words, this is an entity that knows the company's market very well.
Hudson Technologies specializes in recycling and supplying refrigerant gases to industry, a sector that definitely benefits from a global shift to new refrigerants and regulations limiting the use of older gases, which creates demand for the company's solutions.
Now, several interesting triggers are also associated with Hartree Partners' purchase:
The Q2 earnings for $HDSN are expected to be released soon.
The company holds a significant contract with the U.S. Department of Defense Logistics Agency.
The summer season is the strongest period in the refrigerant gas market.
The detail that caught our eye is not just the size of the transaction,
when a shareholder who already owns more than 10% of the company opens their wallet in the open market and for 3 consecutive days adds hundreds of thousands of shares daily, this is exactly the type of move we dissect in our 'brainstorming cabinet'.
Another thing that caught our eye,
in the picture on the left, the investor, Guy Merison, founder and CEO of Hartree Partners, states the following on his company's homepage:
"Our global reach allows us to respond quickly to changing geopolitical events and provide a broader, more diverse perspective on markets..."
What event did Guy identify that led his private trading firm to purchase $4.5 million worth of $HDSN shares in the open market over 3 days?
Is this just long-term confidence in the company, or does the investor know something we don't?
We will continue to follow.