Aristides Capital LLC Takes Position in Hudson Technologies, Inc. (NASDAQ:HDSN)

Aristides Capital LLC bought a new position in Hudson Technologies, Inc. (NASDAQ:HDSN) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 36,500 shares of the industrial products company’s stock, valued at approximately $204,000. Aristides Capital LLC owned approximately 0.08% of Hudson Technologies as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in HDSN. Geode Capital Management LLC boosted its holdings in shares of 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 worth $5,558,000 after purchasing an additional 4,873 shares in the last quarter. JPMorgan Chase & Co. grew its position in Hudson Technologies by 152.0% during the fourth quarter. JPMorgan Chase & Co. now owns 853,252 shares of the industrial products company’s stock valued at $4,761,000 after acquiring an additional 514,645 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Hudson Technologies by 13.0% during the fourth 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 in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Hudson Technologies by 5.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 367,640 shares of the industrial products company’s stock worth $3,066,000 after acquiring an additional 20,000 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Hudson Technologies in the 4th quarter valued at $1,733,000. Institutional investors own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lowered 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. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $7.50.

Hudson Technologies Stock Down 3.5 %

NASDAQ:HDSN opened at $5.45 on Monday. The firm has a market capitalization of $239.94 million, a P/E ratio of 8.38, a P/E/G ratio of 0.49 and a beta of 1.03. The company has a fifty day moving average of $5.86 and a 200 day moving average of $6.32. Hudson Technologies, Inc. has a 52 week low of $5.11 and a 52 week high of $11.08.

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.