Top 5 Stock Picks of Cannell Capital

3. Heritage-Crystal Clean, Inc (NASDAQ:HCCI)

Cannell Capital’s Stake Value: $33,246,000
Percentage of Cannell Capital’s Portfolio: 5.02%
Number of Hedge Fund Holders: 15

Heritage-Crystal Clean, Inc (NASDAQ:HCCI) provides used oil collection, hazardous and non-hazardous waste disposal, and parts cleaning services to small and mid-sized clients in the industrial and auto maintenance sectors in the US and Canada through its subsidiary, Heritage-Crystal Clean, LLC.

On May 16, Barrington analyst Kevin Steinke increased his price objective on Heritage-Crystal Clean, Inc (NASDAQ:HCCI) to $40 from $39 and reiterated an Outperform rating on the stock. According to the analyst, Q1 results were above expectations, and the business also upped its predictions.

In Q1 2022, investors were enthusiastic about Heritage-Crystal Clean, Inc. (NASDAQ:HCCI), and 15 hedge funds owned positions worth $105.18 million in the company, compared to 14 funds with stakes valued at nearly $105.45 million a quarter earlier.

Insider monkey data shows that Cannell Capital owned 1.12 million shares of Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) at the end of Q1 2022, worth more than $33.25 million, representing 5.02% of the portfolio. Cannell Capital is Heritage-Crystal Clean, Inc. (NASDAQ:HCCI)’s most significant stakeholder.