Hudson Technologies, Inc. (NASDAQ:HDSN) Shares Bought by Truvestments Capital LLC

Truvestments Capital LLC raised its stake in Hudson Technologies, Inc. (NASDAQ:HDSN) by 78.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 83,444 shares of the industrial products company’s stock after acquiring an additional 36,622 shares during the quarter. Truvestments Capital LLC owned approximately 0.18% of Hudson Technologies worth $466,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. West Tower Group LLC acquired a new position in Hudson Technologies in the third quarter valued at approximately $28,000. Quarry LP raised its stake in shares of Hudson Technologies by 901.1% during the 3rd quarter. Quarry LP now owns 4,675 shares of the industrial products company’s stock worth $39,000 after buying an additional 4,208 shares during the period. FMR LLC raised its stake in shares of Hudson Technologies by 299.8% during the 3rd quarter. FMR LLC now owns 4,670 shares of the industrial products company’s stock worth $39,000 after buying an additional 3,502 shares during the period. DORCHESTER WEALTH MANAGEMENT Co acquired a new position in shares of Hudson Technologies during the 4th quarter worth approximately $72,000. Finally, Intech Investment Management LLC acquired a new position in shares of Hudson Technologies during the 3rd quarter worth approximately $88,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Hudson Technologies Stock Performance

Shares of HDSN opened at $6.07 on Thursday. Hudson Technologies, Inc. has a one year low of $5.17 and a one year high of $12.22. The stock has a market capitalization of $274.36 million, a price-to-earnings ratio of 9.34, a PEG ratio of 0.49 and a beta of 1.12. The stock has a 50 day moving average price of $5.80 and a 200 day moving average price of $6.57.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reduced their target price on Hudson Technologies from $8.00 to $6.25 and set a “hold” rating for the company in a research note on Monday. Six analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $7.50.

About Hudson Technologies

Hudson Technologies, Inc, through its subsidiary, Hudson Technologies Company, engages in the provision of solutions to recurring problems within the refrigeration industry in the United States. The company engages in the sale of refrigerant and industrial gas; provision of refrigerant management services consisting primarily of reclamation of refrigerants, re-usable cylinder refurbishment, and hydrostatic testing services; and RefrigerantSide services comprising system decontamination and recovery to remove moisture, oils, and other contaminants.