Insider Selling: Heritage-Crystal Clean Inc. (HCCI) COO Sells $162,000.00 in Stock
Heritage-Crystal Clean Inc. (NASDAQ:HCCI) COO Gregory Ray sold 10,000 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $2,623,638.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Heritage-Crystal Clean Inc. (NASDAQ:HCCI) opened at 16.30 on Thursday. The stock 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 12 month low of $7.19 and a 12 month high of $16.60. The stock’s market capitalization is $365.28 million.
Heritage-Crystal Clean (NASDAQ:HCCI) last issued its quarterly earnings results on Wednesday, October 19th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.09. Heritage-Crystal Clean had a positive return on equity of 3.39% and a negative net margin of 0.03%. The firm had revenue of $81.90 million for the quarter, compared to analysts’ expectations of $82.50 million. On average, equities research analysts forecast that Heritage-Crystal Clean Inc. will post $0.33 earnings per share for the current fiscal year.
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Separately, Zacks Investment Research downgraded Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a research report on Friday, November 4th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $14.75.
A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Advisors LLC boosted its position in Heritage-Crystal Clean by 13.4% in the third quarter. BlackRock Advisors LLC now owns 7,663 shares of the company’s stock valued at $102,000 after buying an additional 908 shares during the period. The Manufacturers Life Insurance Company acquired a new position in Heritage-Crystal Clean during the third quarter valued at about $135,000. Acrospire Investment Management LLC boosted its position in Heritage-Crystal Clean by 1,067.7% in the third quarter. Acrospire Investment Management LLC now owns 11,198 shares of the company’s stock valued at $149,000 after buying an additional 10,239 shares during the period. Rhumbline Advisers boosted its position in Heritage-Crystal Clean by 1.4% in the third quarter. Rhumbline Advisers now owns 14,012 shares of the company’s stock valued at $186,000 after buying an additional 200 shares during the period. Finally, Spark Investment Management LLC acquired a new position in Heritage-Crystal Clean during the second quarter valued at about $225,000. 50.77% of the stock is currently owned by institutional investors and hedge funds.
Heritage-Crystal Clean Company Profile
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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