Truvestments Capital LLC Grows Stake in Hudson Technologies, Inc. (NASDAQ:HDSN)

Truvestments Capital LLC increased its position in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) by 78.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 83,444 shares of the industrial products company’s stock after buying an additional 36,622 shares during the quarter. Truvestments Capital LLC’s holdings in Hudson Technologies were worth $466,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in HDSN. Wedge Capital Management L L P NC purchased a new position in Hudson Technologies during the 4th quarter worth approximately $1,612,000. JPMorgan Chase & Co. grew its stake in Hudson Technologies by 69.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 338,607 shares of the industrial products company’s stock worth $2,824,000 after buying an additional 139,042 shares during the last quarter. Barclays PLC grew its stake in Hudson Technologies by 314.0% during the 3rd quarter. Barclays PLC now owns 68,191 shares of the industrial products company’s stock worth $569,000 after buying an additional 51,719 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Hudson Technologies during the 3rd quarter worth approximately $373,000. Finally, Raymond James Financial Inc. purchased a new position in Hudson Technologies during the 4th quarter worth approximately $249,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Hudson Technologies Trading Up 0.3 %

Shares of HDSN stock opened at $6.07 on Thursday. The business’s 50 day moving average is $5.80 and its two-hundred day moving average is $6.57. The company has a market capitalization of $274.36 million, a P/E ratio of 9.34, a price-to-earnings-growth ratio of 0.49 and a beta of 1.12. Hudson Technologies, Inc. has a twelve month low of $5.17 and a twelve month high of $12.22.

Analyst Ratings Changes

Separately, Canaccord Genuity Group lowered their target price on Hudson Technologies from $8.00 to $6.25 and set a “hold” rating on the stock in a research note on Monday. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock 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.