Westerly Capital Management LLC Has $5.68 Million Stock Position in Hudson Technologies, Inc. (NASDAQ:HDSN)

Westerly Capital Management LLC grew its stake in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) by 25.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,017,580 shares of the industrial products company’s stock after acquiring an additional 207,580 shares during the period. Hudson Technologies accounts for 2.6% of Westerly Capital Management LLC’s holdings, making the stock its 13th largest position. Westerly Capital Management LLC owned about 2.25% of Hudson Technologies worth $5,678,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Quarry LP lifted its holdings in Hudson Technologies by 89.1% during the 4th quarter. Quarry LP now owns 8,840 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 4,165 shares during the last quarter. RPO LLC bought a new position in Hudson Technologies during the 4th quarter worth $62,000. DORCHESTER WEALTH MANAGEMENT Co acquired a new stake in shares of Hudson Technologies during the fourth quarter worth $72,000. Ieq Capital LLC acquired a new stake in shares of Hudson Technologies during the fourth quarter worth $91,000. Finally, Aquatic Capital Management LLC boosted its position in shares of Hudson Technologies by 278.4% in the fourth quarter. Aquatic Capital Management LLC now owns 17,029 shares of the industrial products company’s stock valued at $95,000 after acquiring an additional 12,529 shares during the period. Institutional investors own 71.34% of the company’s stock.

Hudson Technologies Stock Up 4.4 %

HDSN stock opened at $6.71 on Wednesday. The company has a market cap of $295.41 million, a PE ratio of 10.32, a price-to-earnings-growth ratio of 0.49 and a beta of 1.03. Hudson Technologies, Inc. has a 52 week low of $5.11 and a 52 week high of $10.29. The business has a 50-day simple moving average of $5.82 and a 200 day simple moving average of $6.04.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group dropped their price objective 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 analysts have rated the stock with a hold rating, According to MarketBeat.com, Hudson Technologies has a consensus rating of “Hold” and an average price target of $7.50.

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.