Insider Buying: Clean Energy Fuels Corp. (NASDAQ:CLNE) CFO Purchases 10,000 Shares of Stock

Clean Energy Fuels Corp. (NASDAQ:CLNE) CFO Robert M. Vreeland bought 10,000 shares of Clean Energy Fuels stock in a transaction dated Friday, March 21st. The stock was acquired at an average price of $1.67 per share, with a total value of $16,700.00. Following the completion of the transaction, the chief financial officer now directly owns 646,938 shares of the company’s stock, valued at approximately $1,080,386.46. The trade was a 1.57 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Clean Energy Fuels Trading Down 5.4 %

Shares of CLNE stock opened at $1.57 on Thursday. The company has a current ratio of 3.06, a quick ratio of 2.74 and a debt-to-equity ratio of 0.36. Clean Energy Fuels Corp. has a twelve month low of $1.55 and a twelve month high of $3.67. The company’s 50-day moving average price is $2.55 and its 200-day moving average price is $2.76. The stock has a market cap of $351.06 million, a price-to-earnings ratio of -5.06 and a beta of 2.35.

Clean Energy Fuels (NASDAQ:CLNE) last posted its earnings results on Monday, February 24th. The utilities provider reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.04. The company had revenue of $109.33 million for the quarter, compared to analyst estimates of $102.60 million. Clean Energy Fuels had a negative net margin of 17.32% and a negative return on equity of 7.59%. During the same period in the previous year, the business posted $0.01 EPS. As a group, equities analysts predict that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CLNE has been the subject of several research reports. StockNews.com cut shares of Clean Energy Fuels from a “hold” rating to a “sell” rating in a research note on Wednesday, February 26th. Raymond James restated a “strong-buy” rating and issued a $4.00 price target (down from $5.00) on shares of Clean Energy Fuels in a research report on Tuesday, February 25th.

Institutional Investors Weigh In On Clean Energy Fuels

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Moors & Cabot Inc. grew its holdings in shares of Clean Energy Fuels by 0.9% during the 4th quarter. Moors & Cabot Inc. now owns 413,195 shares of the utilities provider’s stock worth $1,037,000 after purchasing an additional 3,700 shares during the period. GTS Securities LLC boosted its stake in Clean Energy Fuels by 16.8% during the fourth quarter. GTS Securities LLC now owns 27,446 shares of the utilities provider’s stock worth $69,000 after buying an additional 3,955 shares during the period. Invesco Ltd. increased its position in shares of Clean Energy Fuels by 1.2% during the fourth quarter. Invesco Ltd. now owns 349,650 shares of the utilities provider’s stock valued at $878,000 after acquiring an additional 4,108 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Clean Energy Fuels by 4.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 97,684 shares of the utilities provider’s stock valued at $245,000 after acquiring an additional 4,215 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Clean Energy Fuels by 56.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 13,584 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 4,894 shares during the last quarter. Institutional investors and hedge funds own 49.94% of the company’s stock.

Clean Energy Fuels Company Profile

Clean Energy Fuels Corp. provides natural gas as alternative fuels for vehicle fleets and related fueling solutions in the United States and Canada. It supplies renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for medium and heavy-duty vehicles; and offers operation and maintenance services for public and private vehicle fleet customer stations.