Insider Buying: Hallador Energy (NASDAQ:HNRG) Director Purchases $13,000.00 in Stock

Hallador Energy (NASDAQ:HNRG) Director Zarrell Thomas Gray bought 2,000 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were acquired at an average price of $6.50 per share, for a total transaction of $13,000.00. Following the transaction, the director now owns 51,000 shares in the company, valued at $331,500. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Zarrell Thomas Gray also recently made the following trade(s):

• On Wednesday, June 26th, Zarrell Thomas Gray purchased 1,000 shares of Hallador Energy stock. The shares were bought at an average cost of $7.00 per share, for a total transaction of $7,000.00.
• On Wednesday, June 12th, Zarrell Thomas Gray purchased 1,000 shares of Hallador Energy stock. The stock was bought at an average price of $7.75 per share, for a total transaction of $7,750.00.
• On Monday, August 26th, Zarrell Thomas Gray bought 14,000 shares of Hallador Energy stock. The stock was purchased at an average cost of $6.36 per share, for a total transaction of $89,040.00.
• On Thursday, August 22nd, Zarrell Thomas Gray purchased 5,000 shares of Hallador Energy stock. The shares were purchased at an average cost of $5.75 per share, with a total value of $28,750.00.
• On Monday, August 12th, Zarrell Thomas Gray acquired 10,000 shares of Hallador Energy stock. The stock was purchased at an average cost of $5.50 per share, for a total transaction of $55,000.00.

Hallador Energy Price Performance

HNRG stock opened at $6.71 on Monday. The stock has a market cap of $285.85 million, a price-to-earnings ratio of 11.37 and a beta of 0.66. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.53 and a quick ratio of 0.16. The company has a 50 day simple moving average of $7.19 and a 200 day simple moving average of $6.71. Hallador Energy has a 1 year low of $4.33 and a 1 year high of $15.79.

Hallador Energy (NASDAQ:HNRG) last announced its quarterly earnings results on Tuesday, August 6th. The energy company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.19). The firm had revenue of $90.91 million during the quarter, compared to the consensus estimate of $108.00 million. Hallador Energy had a negative net margin of 1.25% and a negative return on equity of 1.48%. During the same quarter in the previous year, the company posted $0.47 earnings per share. Research analysts anticipate that Hallador Energy will post -0.41 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on HNRG shares. StockNews.com downgraded Hallador Energy from a “hold” rating to a “sell” rating in a report on Sunday, August 18th. B. Riley raised Hallador Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $8.00 to $9.00 in a research note on Thursday, May 30th.

Institutional Trading of Hallador Energy

Several hedge funds and other institutional investors have recently made changes to their positions in HNRG. The Manufacturers Life Insurance Company bought a new position in Hallador Energy in the 2nd quarter valued at approximately $78,000. Norden Group LLC bought a new position in shares of Hallador Energy during the first quarter valued at $55,000. Victory Capital Management Inc. acquired a new position in shares of Hallador Energy during the fourth quarter worth $99,000. Privium Fund Management UK Ltd acquired a new position in shares of Hallador Energy during the first quarter worth $64,000. Finally, Principal Financial Group Inc. bought a new stake in shares of Hallador Energy in the first quarter worth $71,000. 61.38% of the stock is currently owned by institutional investors.

Hallador Energy Company Profile

Hallador Energy Company, through its subsidiaries, engages in the production of steam coal in the State of Indiana for the electric power generation industry. The company owns the Oaktown Mine 1 and Oaktown Mine 2 underground mines in Oaktown; Freelandville Center Pit surface mine in Freelandville; and Prosperity Surface mine in Petersburg, Indiana.