Global Alpha Capital Management Ltd. Sells 469,187 Shares of Clean Energy Fuels Corp. $CLNE

Global Alpha Capital Management Ltd. decreased its stake in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 6.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 6,544,589 shares of the utilities provider’s stock after selling 469,187 shares during the period. Global Alpha Capital Management Ltd.’s holdings in Clean Energy Fuels were worth $13,744,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC bought a new position in shares of Clean Energy Fuels in the third quarter valued at approximately $31,000. NewEdge Advisors LLC boosted its holdings in shares of Clean Energy Fuels by 1,419,900.0% during the 2nd quarter. NewEdge Advisors LLC now owns 14,200 shares of the utilities provider’s stock worth $28,000 after buying an additional 14,199 shares during the period. BNP Paribas Financial Markets grew its stake in Clean Energy Fuels by 54.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 14,844 shares of the utilities provider’s stock valued at $29,000 after buying an additional 5,254 shares during the last quarter. CWM LLC raised its holdings in Clean Energy Fuels by 40.3% in the 4th quarter. CWM LLC now owns 16,683 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 4,791 shares during the period. Finally, CIBC Bancorp USA Inc. bought a new stake in Clean Energy Fuels during the third quarter valued at about $48,000. Institutional investors and hedge funds own 49.94% of the company’s stock.

Clean Energy Fuels Stock Performance

CLNE opened at $1.93 on Friday. The stock’s 50 day simple moving average is $2.23 and its 200-day simple moving average is $2.26. The company has a current ratio of 2.46, a quick ratio of 2.14 and a debt-to-equity ratio of 0.41. The stock has a market cap of $425.04 million, a PE ratio of -4.20 and a beta of 1.86. Clean Energy Fuels Corp. has a 1 year low of $1.75 and a 1 year high of $3.11.

Clean Energy Fuels (NASDAQ:CLNE) last posted its quarterly earnings results on Thursday, May 7th. The utilities provider reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The firm had revenue of $117.56 million for the quarter, compared to the consensus estimate of $102.62 million. Clean Energy Fuels had a negative net margin of 22.68% and a negative return on equity of 14.04%. The business’s revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.01 earnings per share. Sell-side analysts forecast that Clean Energy Fuels Corp. will post -0.31 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Clean Energy Fuels in a report on Monday, April 20th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Clean Energy Fuels has an average rating of “Hold” and a consensus target price of $2.48.

Insider Buying and Selling at Clean Energy Fuels

In other news, Director Andrew J. Littlefair sold 165,000 shares of Clean Energy Fuels stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $2.05, for a total transaction of $338,250.00. Following the sale, the director directly owned 1,914,993 shares in the company, valued at approximately $3,925,735.65. The trade was a 7.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.30% of the company’s stock.

Clean Energy Fuels Company Profile

Clean Energy Fuels Corp., founded in 1997 and headquartered in Newport Beach, California, is a leading provider of natural gas and renewable natural gas (RNG) fuel for the transportation sector. The company operates a network of more than 500 fueling stations across the United States and Canada, supplying compressed natural gas (CNG), liquefied natural gas (LNG) and RNG derived from organic waste streams. Clean Energy serves a diverse customer base that includes commercial trucking fleets, public transit agencies, refuse haulers and municipal vehicle operators.

In addition to fuel supply, Clean Energy offers turnkey station design, construction and ongoing maintenance services, as well as fueling hardware and project management.