Bastion Asset Management Inc. Invests $1.49 Million in Hudson Technologies, Inc. (NASDAQ:HDSN)

Bastion Asset Management Inc. bought a new stake in Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 266,426 shares of the industrial products company's stock, valued at approximately $1,487,000. Bastion Asset Management Inc. owned approximately 0.59% of Hudson Technologies as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. JPMorgan Chase & Co. increased its position in shares of Hudson Technologies by 152.0% during the 4th quarter. JPMorgan Chase & Co. now owns 853,252 shares of the industrial products company's stock valued at $4,761,000 after purchasing an additional 514,645 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Hudson Technologies during the fourth quarter valued at about $1,733,000. 683 Capital Management LLC increased its holdings in Hudson Technologies by 89.4% during the fourth quarter. 683 Capital Management LLC now owns 635,900 shares of the industrial products company's stock worth $3,548,000 after buying an additional 300,110 shares during the last quarter. Wedge Capital Management L L P NC bought a new stake in Hudson Technologies in the fourth quarter worth about $1,612,000. Finally, Renaissance Technologies LLC boosted its stake in Hudson Technologies by 19.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,502,150 shares of the industrial products company's stock valued at $8,382,000 after acquiring an additional 246,000 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group decreased their price target on shares of Hudson Technologies from $8.00 to $6.25 and set a "hold" rating for the company in a research note on Monday, March 10th. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $6.88.

Hudson Technologies Stock Up 2.7 %

Hudson Technologies stock traded up $0.18 during midday trading on Tuesday, reaching $6.73. The stock had a trading volume of 683,890 shares, compared to its average volume of 491,319. The firm has a market capitalization of $295.78 million, a PE ratio of 10.35, a P/E/G ratio of 0.49 and a beta of 0.92. Hudson Technologies, Inc. has a 12 month low of $5.11 and a 12 month high of $10.04. The firm's 50-day moving average price is $5.90 and its 200 day moving average price is $5.99.

Hudson Technologies Profile

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.