GAMMA Investing LLC Purchases 5,717 Shares of Hallador Energy Company (NASDAQ:HNRG)

GAMMA Investing LLC increased its position in shares of Hallador Energy Company (NASDAQ:HNRG) by 1,391.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,128 shares of the energy company’s stock after acquiring an additional 5,717 shares during the period. GAMMA Investing LLC’s holdings in Hallador Energy were worth $750,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of HNRG. Savant Capital LLC grew its stake in Hallador Energy by 9.1% in the 4th quarter. Savant Capital LLC now owns 24,717 shares of the energy company’s stock worth $283,000 after buying an additional 2,055 shares in the last quarter. Rhumbline Advisers raised its holdings in Hallador Energy by 3.0% during the 4th quarter. Rhumbline Advisers now owns 36,672 shares of the energy company’s stock valued at $420,000 after buying an additional 1,068 shares during the last quarter. Peloton Wealth Strategists bought a new stake in Hallador Energy during the 4th quarter valued at $218,000. Sage Investment Counsel LLC bought a new position in Hallador Energy in the 4th quarter worth $160,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Hallador Energy by 18.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 83,300 shares of the energy company’s stock worth $954,000 after purchasing an additional 13,074 shares in the last quarter. Hedge funds and other institutional investors own 61.38% of the company’s stock.

Hallador Energy Trading Down 0.2%

HNRG stock opened at $16.06 on Wednesday. The firm has a market cap of $690.26 million, a PE ratio of -2.95 and a beta of 0.52. The firm has a fifty day moving average price of $16.00 and a 200 day moving average price of $13.01. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.17 and a current ratio of 0.60. Hallador Energy Company has a fifty-two week low of $4.86 and a fifty-two week high of $19.71.

Hallador Energy (NASDAQ:HNRG) last released its quarterly earnings results on Monday, May 12th. The energy company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.39. The company had revenue of $117.79 million for the quarter, compared to the consensus estimate of $98.70 million. Hallador Energy had a negative net margin of 52.50% and a positive return on equity of 0.31%. Sell-side analysts anticipate that Hallador Energy Company will post -0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Northland Securities started coverage on shares of Hallador Energy in a research report on Monday, May 19th. They set an “outperform” rating and a $23.00 price objective on the stock. Wall Street Zen cut shares of Hallador Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, May 21st. Northland Capmk upgraded shares of Hallador Energy to a “strong-buy” rating in a research note on Monday, May 19th. Finally, B. Riley increased their price objective on shares of Hallador Energy from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, April 1st. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $18.33.

Insider Activity at Hallador Energy

In other Hallador Energy news, Director David C. Hardie sold 97,837 shares of Hallador Energy stock in a transaction on Monday, May 19th. The shares were sold at an average price of $19.05, for a total transaction of $1,863,794.85. Following the completion of the transaction, the director now directly owns 139,089 shares of the company’s stock, valued at $2,649,645.45. The trade was a 41.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 23.73% of the stock is owned by insiders.

Hallador Energy 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.