Renaissance Technologies LLC Purchases 246,000 Shares of Hudson Technologies, Inc. (NASDAQ:HDSN)

Renaissance Technologies LLC boosted its position in Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) by 19.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,502,150 shares of the industrial products company's stock after purchasing an additional 246,000 shares during the period. Renaissance Technologies LLC owned about 3.32% of Hudson Technologies worth $8,382,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Aigen Investment Management LP boosted its position in Hudson Technologies by 13.6% in the fourth quarter. Aigen Investment Management LP now owns 18,052 shares of the industrial products company's stock worth $101,000 after purchasing an additional 2,167 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Hudson Technologies by 3.9% during the 4th quarter. Rhumbline Advisers now owns 69,541 shares of the industrial products company's stock valued at $388,000 after buying an additional 2,601 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Hudson Technologies by 4.8% during the 4th quarter. Franklin Resources Inc. now owns 73,104 shares of the industrial products company's stock valued at $408,000 after buying an additional 3,335 shares in the last quarter. FMR LLC lifted its position in shares of Hudson Technologies by 299.8% during the 3rd quarter. FMR LLC now owns 4,670 shares of the industrial products company's stock valued at $39,000 after buying an additional 3,502 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Hudson Technologies by 3.7% during the 4th quarter. Russell Investments Group Ltd. now owns 110,727 shares of the industrial products company's stock valued at $618,000 after buying an additional 3,990 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lowered their price objective on Hudson Technologies from $8.00 to $6.25 and set a "hold" rating on the stock in a research report on Monday, March 10th. Six analysts have rated the stock with a hold rating, According to MarketBeat, the company has an average rating of "Hold" and an average price target of $7.50.

Hudson Technologies Trading Up 0.4 %

HDSN traded up $0.02 on Wednesday, hitting $5.30. 76,212 shares of the company's stock traded hands, compared to its average volume of 501,337. The company's 50 day simple moving average is $5.80 and its 200-day simple moving average is $6.09. The firm has a market cap of $233.33 million, a price-to-earnings ratio of 8.15, a P/E/G ratio of 0.49 and a beta of 1.03. Hudson Technologies, Inc. has a one year low of $5.11 and a one year high of $10.84.

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.