683 Capital Management LLC Acquires 300,110 Shares of Hudson Technologies, Inc. (NASDAQ:HDSN)

683 Capital Management LLC increased its position in Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) by 89.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 635,900 shares of the industrial products company's stock after buying an additional 300,110 shares during the period. 683 Capital Management LLC owned 1.41% of Hudson Technologies worth $3,548,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its holdings in shares of Hudson Technologies by 19.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,502,150 shares of the industrial products company's stock valued at $8,382,000 after purchasing an additional 246,000 shares in the last quarter. Westerly Capital Management LLC boosted its holdings in shares of Hudson Technologies by 25.6% during the 4th quarter. Westerly Capital Management LLC now owns 1,017,580 shares of the industrial products company's stock worth $5,678,000 after buying an additional 207,580 shares during the period. Geode Capital Management LLC grew its stake in Hudson Technologies by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 995,729 shares of the industrial products company's stock valued at $5,558,000 after buying an additional 4,873 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Hudson Technologies by 152.0% in the 4th quarter. JPMorgan Chase & Co. now owns 853,252 shares of the industrial products company's stock worth $4,761,000 after acquiring an additional 514,645 shares during the period. Finally, American Century Companies Inc. lifted its position in Hudson Technologies by 13.0% during the 4th quarter. American Century Companies Inc. now owns 790,472 shares of the industrial products company's stock worth $4,411,000 after acquiring an additional 90,921 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Analyst Ratings Changes

Separately, Canaccord Genuity Group dropped their price objective on Hudson Technologies from $8.00 to $6.25 and set a "hold" rating on the stock in a research note on Monday, March 10th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Hudson Technologies currently has an average rating of "Hold" and a consensus price target of $6.88.

Hudson Technologies Price Performance

Shares of HDSN traded up $0.18 during trading hours on Tuesday, hitting $6.73. The stock had a trading volume of 683,880 shares, compared to its average volume of 491,862. The stock has a market capitalization of $295.78 million, a price-to-earnings ratio of 10.35, a P/E/G ratio of 0.49 and a beta of 0.92. The company's fifty day moving average is $5.88 and its two-hundred day moving average is $5.98. Hudson Technologies, Inc. has a 52 week low of $5.11 and a 52 week high of $10.04.

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.