KLP Kapitalforvaltning AS Buys New Position in Hudson Technologies, Inc. (NASDAQ:HDSN)

KLP Kapitalforvaltning AS 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 & Exchange Commission. The fund bought 76,300 shares of the industrial products company's stock, valued at approximately $426,000. KLP Kapitalforvaltning AS owned 0.17% of Hudson Technologies as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. American Century Companies Inc. lifted its position in Hudson Technologies by 13.0% in the fourth quarter. American Century Companies Inc. now owns 790,472 shares of the industrial products company's stock valued at $4,411,000 after buying an additional 90,921 shares during the last quarter. Intech Investment Management LLC raised its stake in shares of Hudson Technologies by 85.8% in the 4th quarter. Intech Investment Management LLC now owns 19,603 shares of the industrial products company's stock valued at $109,000 after acquiring an additional 9,051 shares during the period. Truvestments Capital LLC lifted its holdings in shares of Hudson Technologies by 78.2% in the 4th quarter. Truvestments Capital LLC now owns 83,444 shares of the industrial products company's stock worth $466,000 after acquiring an additional 36,622 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Hudson Technologies during the 4th quarter worth approximately $249,000. Finally, Aigen Investment Management LP increased its holdings in Hudson Technologies by 13.6% in the 4th quarter. Aigen Investment Management LP now owns 18,052 shares of the industrial products company's stock valued at $101,000 after purchasing an additional 2,167 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Hudson Technologies Price Performance

Shares of NASDAQ HDSN traded up $0.36 during mid-day trading on Wednesday, hitting $5.63. The company had a trading volume of 591,381 shares, compared to its average volume of 504,189. Hudson Technologies, Inc. has a 1-year low of $4.88 and a 1-year high of $10.84. The company has a market capitalization of $247.86 million, a PE ratio of 8.66, a price-to-earnings-growth ratio of 0.49 and a beta of 1.03. The business's 50-day simple moving average is $5.82 and its 200 day simple moving average is $6.25.

Analysts Set New Price Targets

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