Clean Diesel Technologies, Inc. (CDTI) loses confidence of 2 hedge fund managers

Clean Diesel Technologies, Inc. (NASDAQ:CDTI) is on recovery track with 7.94% gain from a 1-year low price of $1.26. The company lost -7.48% to attain the price of $1.36 on 11/15/2017. Throughout the recent session, the prices were hovering between $1.31 and $1.52. These shares are 120.59% off its target price of $3 and the current market capitalization stands at $21.86M. The recent change has given its price a -25.14% deficit over SMA 50 and -63.44% deficit over its 52-week high. The stock witnessed -34.62% declines, -33% declines and -57.76% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found CDTI’s volatility during a week at 11.03% and during a month it has been found around 7.21%.

Clean Diesel Technologies, Inc. 13F Filings

At the end of 09/30/2017 reporting period, 8 institutional holders increased their position in Clean Diesel Technologies, Inc. (NASDAQ:CDTI) by some 93,768 shares, 4 decreased positions by 18,748 and 8 held positions by 181,102. That puts total institutional holdings at 293,618 shares, according to SEC filings. The stock grabbed 5 new institutional investments totaling 42,369 shares while 2 institutional investors sold out their entire positions totaling 11,640 shares.

Clean Diesel Technologies, Inc. (NASDAQ:CDTI) Insider Trades

Multiple company employees have indulged in significant insider trading. Clean Diesel Technologies, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that CEO Beale Matthew has acquired 12,500 shares of Clean Diesel Technologies, Inc. (CDTI) in trading session dated Dec. 16, 2016. These shares are worth $25,000 and were traded at $2 each. The SEC filing shows that Beale Matthew performed a purchase of 12,500 shares. The CEO added these shares by way of transaction on Dec. 16, 2016. The company’s shares were assimilated at $2 per share worth to an investment of some $25,000 on account of Beale Matthew.

Director, Bell Lon E, purchased 250,000 common shares of Clean Diesel Technologies, Inc. (CDTI) in the open market. In a transaction dated Dec. 16, 2016, the shares were bought at an average price of $2, giving away a sum of $500,000. After this purchase, 590,494 common shares of CDTI are directly owned by the insider, with total stake valued at $803,072.

In the transaction dated Dec. 16, 2016, the great number of shares acquired came courtesy the CFO and Secretary; Kern Tracy A added a total of 10,000 shares at an average price of $2, amounting to approximately $20,000. The insider now directly owns 10,000 shares worth $13,600.

Clean Diesel Technologies, Inc. (CDTI) Analyst Guide

Several analysts have released their opinion on Clean Diesel Technologies, Inc. (NASDAQ:CDTI), with 1 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2 average brokerage recommendation.

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