Gregory Ray Sells 10,000 Shares of Heritage-Crystal Clean Inc. (HCCI) Stock
Heritage-Crystal Clean Inc. (NASDAQ:HCCI) COO Gregory Ray sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $16.20, for a total value of $162,000.00. Following the completion of the sale, the chief operating officer now directly owns 161,953 shares in the company, valued at approximately $2,623,638.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Heritage-Crystal Clean Inc. (NASDAQ:HCCI) opened at 16.30 on Wednesday. The company has a 50-day moving average price of $13.78 and a 200 day moving average price of $12.87. Heritage-Crystal Clean Inc. has a 52-week low of $7.19 and a 52-week high of $16.60. The firm’s market capitalization is $365.28 million.
Heritage-Crystal Clean (NASDAQ:HCCI) last announced its earnings results on Wednesday, October 19th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.13 by $0.09. The business had revenue of $81.90 million for the quarter, compared to the consensus estimate of $82.50 million. Heritage-Crystal Clean had a positive return on equity of 3.39% and a negative net margin of 0.03%. Analysts expect that Heritage-Crystal Clean Inc. will post $0.33 EPS for the current fiscal year.
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Several hedge funds and other institutional investors have recently made changes to their positions in the company. Punch & Associates Investment Management Inc. purchased a new position in Heritage-Crystal Clean during the second quarter valued at about $1,556,000. Sunnymeath Asset Management Inc. purchased a new position in Heritage-Crystal Clean during the second quarter valued at about $281,000. Bank of New York Mellon Corp increased its position in Heritage-Crystal Clean by 178.1% in the second quarter. Bank of New York Mellon Corp now owns 119,794 shares of the company’s stock valued at $1,463,000 after buying an additional 76,723 shares in the last quarter. Emerald Acquisition Ltd. purchased a new position in Heritage-Crystal Clean during the second quarter valued at about $4,518,000. Finally, Van Den Berg Management I Inc. increased its position in Heritage-Crystal Clean by 59.9% in the second quarter. Van Den Berg Management I Inc. now owns 64,755 shares of the company’s stock valued at $791,000 after buying an additional 24,255 shares in the last quarter. 50.77% of the stock is currently owned by institutional investors and hedge funds.
Separately, Zacks Investment Research downgraded Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a report on Friday, November 4th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Heritage-Crystal Clean has an average rating of “Buy” and a consensus price target of $14.75.
About Heritage-Crystal Clean
Heritage-Crystal Clean, Inc provides full-service parts cleaning, containerized waste management, used oil collection, vacuum truck services and antifreeze recycling. The Company owns and operates a used oil re-refinery. The Company operates through two segments: Environmental Services and Oil Business.
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