Empery Asset Management LP Buys Shares of 571,046 Aduro Clean Technologies Inc. $ADUR

Empery Asset Management LP bought a new stake in Aduro Clean Technologies Inc. (NASDAQ:ADUR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 571,046 shares of the company’s stock, valued at approximately $5,916,000. Aduro Clean Technologies accounts for approximately 5.2% of Empery Asset Management LP’s investment portfolio, making the stock its 6th biggest holding. Empery Asset Management LP owned 1.86% of Aduro Clean Technologies as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Perigon Wealth Management LLC purchased a new stake in Aduro Clean Technologies in the fourth quarter valued at approximately $125,000. NewEdge Advisors LLC raised its position in Aduro Clean Technologies by 50.4% in the third quarter. NewEdge Advisors LLC now owns 31,740 shares of the company’s stock valued at $425,000 after purchasing an additional 10,640 shares during the period. Boothbay Fund Management LLC purchased a new stake in Aduro Clean Technologies in the third quarter valued at approximately $164,000. Two Sigma Investments LP purchased a new stake in Aduro Clean Technologies in the third quarter valued at approximately $528,000. Finally, UBS Group AG raised its position in Aduro Clean Technologies by 20.9% in the third quarter. UBS Group AG now owns 70,594 shares of the company’s stock valued at $946,000 after purchasing an additional 12,202 shares during the period.

Aduro Clean Technologies Trading Down 8.4%

Shares of ADUR stock opened at $15.46 on Thursday. Aduro Clean Technologies Inc. has a 12 month low of $8.01 and a 12 month high of $18.19. The company has a market cap of $523.01 million, a P/E ratio of -35.14 and a beta of 3.15. The firm has a fifty day moving average price of $13.13 and a 200 day moving average price of $12.39.

Analyst Ratings Changes

ADUR has been the topic of a number of research analyst reports. D. Boral Capital reissued a “buy” rating and issued a $46.00 target price on shares of Aduro Clean Technologies in a research report on Friday, April 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Aduro Clean Technologies in a research report on Monday, April 20th. Wall Street Zen raised Aduro Clean Technologies from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 31st. Finally, LADENBURG THALM/SH SH raised Aduro Clean Technologies to a “strong-buy” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $29.00.

About Aduro Clean Technologies

Aduro Clean Technologies, Inc is a development‐stage clean energy company that designs, develops and seeks to commercialize modular process systems for the production and purification of hydrogen. Listed on the Nasdaq under the ticker ADUR, the company focuses on low‐emission solutions to support the emerging hydrogen economy, including renewable fuel applications, energy storage and industrial gas supply. Aduro Clean Technologies aims to address the growing demand for high‐purity hydrogen across mobility, power generation and chemical processing sectors.

The company’s core technologies include its H2-Conductor platform, a membrane‐based system engineered to separate and purify hydrogen from mixed gas streams, and its H2-Integrate suite of modular reactors capable of producing hydrogen from various feedstocks.