Westerly Capital Management LLC grew its position in Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) by 25.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,017,580 shares of the industrial products company's stock after acquiring an additional 207,580 shares during the quarter. Hudson Technologies accounts for about 2.6% of Westerly Capital Management LLC's holdings, making the stock its 13th largest position. Westerly Capital Management LLC owned 2.25% of Hudson Technologies worth $5,678,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of the company. Quarry LP raised its stake in shares of Hudson Technologies by 89.1% in the fourth quarter. Quarry LP now owns 8,840 shares of the industrial products company's stock valued at $49,000 after purchasing an additional 4,165 shares in the last quarter. RPO LLC bought a new stake in Hudson Technologies in the fourth quarter valued at about $62,000. DORCHESTER WEALTH MANAGEMENT Co acquired a new position in Hudson Technologies in the fourth quarter worth about $72,000. Ieq Capital LLC acquired a new position in Hudson Technologies in the fourth quarter worth about $91,000. Finally, Aquatic Capital Management LLC lifted its stake in Hudson Technologies by 278.4% during the fourth quarter. Aquatic Capital Management LLC now owns 17,029 shares of the industrial products company's stock worth $95,000 after purchasing an additional 12,529 shares during the period. Institutional investors own 71.34% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group dropped their target price on Hudson Technologies from $8.00 to $6.25 and set a "hold" rating for the company in a report on Monday, March 10th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Hudson Technologies currently has an average rating of "Hold" and an average target price of $7.50.
Read Our Latest Analysis on Hudson Technologies
Hudson Technologies Stock Performance
Hudson Technologies stock traded up $0.13 during trading hours on Friday, hitting $6.71. 330,236 shares of the stock were exchanged, compared to its average volume of 494,028. The stock has a market capitalization of $295.08 million, a P/E ratio of 10.32, a P/E/G ratio of 0.49 and a beta of 1.03. The business's 50-day moving average is $5.87 and its two-hundred day moving average is $6.03. Hudson Technologies, Inc. has a 12 month low of $5.11 and a 12 month high of $10.04.
Hudson Technologies Profile
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Free Report)
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.
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