Central Securities Corp Has $9,590,000 Stake in Heritage-Crystal Clean, Inc. (HCCI)

Central Securities Corp held its position in Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 700,000 shares of the industrial products company’s stock at the end of the first quarter. Heritage-Crystal Clean comprises approximately 1.8% of Central Securities Corp’s portfolio, making the stock its 22nd largest position. Central Securities Corp owned about 3.11% of Heritage-Crystal Clean worth $9,590,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HCCI. Arrowpoint Asset Management LLC boosted its position in Heritage-Crystal Clean by 32.1% in the fourth quarter. Arrowpoint Asset Management LLC now owns 1,739,475 shares of the industrial products company’s stock worth $27,310,000 after buying an additional 422,693 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Heritage-Crystal Clean by 16.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 326,168 shares of the industrial products company’s stock worth $5,121,000 after buying an additional 45,048 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Heritage-Crystal Clean by 25.7% in the first quarter. Ameriprise Financial Inc. now owns 306,044 shares of the industrial products company’s stock worth $4,193,000 after buying an additional 62,533 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Heritage-Crystal Clean by 10.7% in the first quarter. Russell Investments Group Ltd. now owns 271,278 shares of the industrial products company’s stock worth $3,717,000 after buying an additional 26,248 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. boosted its position in Heritage-Crystal Clean by 55.2% in the first quarter. Punch & Associates Investment Management Inc. now owns 197,798 shares of the industrial products company’s stock worth $2,710,000 after buying an additional 70,342 shares during the last quarter. 52.50% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Heritage-Crystal Clean (NASDAQ:HCCI)

Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) traded up 1.28% during mid-day trading on Friday, hitting $15.85. 39,330 shares of the stock were exchanged. The company has a 50-day moving average price of $15.08 and a 200-day moving average price of $14.87. The company has a market cap of $357.05 million, a P/E ratio of 28.92 and a beta of 1.77. Heritage-Crystal Clean, Inc. has a one year low of $10.30 and a one year high of $16.75.

Heritage-Crystal Clean (NASDAQ:HCCI) last announced its quarterly earnings results on Wednesday, March 1st. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.01. The company had revenue of $106.75 million during the quarter, compared to analysts’ expectations of $108.86 million. Heritage-Crystal Clean had a negative net margin of 0.03% and a positive return on equity of 3.39%. Analysts forecast that Heritage-Crystal Clean, Inc. will post $0.60 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This news story was originally published by Transcript Daily and is owned by of Transcript Daily. If you are viewing this news story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://transcriptdaily.com/2017/05/20/central-securities-corp-has-9590000-stake-in-heritage-crystal-clean-inc-hcci.html.

HCCI has been the subject of a number of recent analyst reports. TheStreet raised shares of Heritage-Crystal Clean from a “c” rating to a “b-” rating in a report on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and issued a $16.50 price objective on shares of Heritage-Crystal Clean in a report on Friday, March 3rd. Zacks Investment Research cut shares of Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a report on Thursday, February 16th. Finally, Roth Capital set a $17.00 price objective on shares of Heritage-Crystal Clean and gave the company a “buy” rating in a report on Monday, March 20th.

In other news, VP John Lucks sold 33,500 shares of the stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $14.86, for a total value of $497,810.00. Following the completion of the transaction, the vice president now owns 40,699 shares in the company, valued at approximately $604,787.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Gregory Ray sold 20,107 shares of the stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $15.64, for a total transaction of $314,473.48. Following the completion of the transaction, the chief operating officer now owns 175,709 shares of the company’s stock, valued at approximately $2,748,088.76. The disclosure for this sale can be found here. Insiders sold a total of 146,811 shares of company stock valued at $2,188,787 in the last quarter. Insiders own 14.30% of the company’s stock.

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.

12 Month Chart for NASDAQ:HCCI

Receive News & Ratings for Heritage-Crystal Clean Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heritage-Crystal Clean Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply