Deutsche Bank AG Trims Position in Hallador Energy Company $HNRG

Deutsche Bank AG decreased its position in shares of Hallador Energy Company (NASDAQ:HNRG) by 11.8% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 16,057 shares of the energy company’s stock after selling 2,150 shares during the period. Deutsche Bank AG’s holdings in Hallador Energy were worth $197,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. BNP Paribas Financial Markets lifted its stake in shares of Hallador Energy by 517.0% during the fourth quarter. BNP Paribas Financial Markets now owns 30,629 shares of the energy company’s stock valued at $351,000 after buying an additional 25,665 shares during the period. Dimensional Fund Advisors LP raised its stake in Hallador Energy by 10.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,883,814 shares of the energy company’s stock worth $21,569,000 after purchasing an additional 173,749 shares during the period. Raymond James Financial Inc. purchased a new position in Hallador Energy during the fourth quarter worth approximately $873,000. Rhumbline Advisers raised its stake in Hallador Energy by 2.5% during the first quarter. Rhumbline Advisers now owns 37,607 shares of the energy company’s stock worth $462,000 after purchasing an additional 935 shares during the period. Finally, Apis Capital Advisors LLC raised its stake in Hallador Energy by 106.9% during the fourth quarter. Apis Capital Advisors LLC now owns 898,000 shares of the energy company’s stock worth $10,282,000 after purchasing an additional 464,000 shares during the period. Hedge funds and other institutional investors own 61.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HNRG. Northland Capmk raised shares of Hallador Energy to a “strong-buy” rating in a research note on Monday, May 19th. Northland Securities began coverage on shares of Hallador Energy in a research note on Monday, May 19th. They set an “outperform” rating and a $23.00 price target on the stock. Citigroup downgraded shares of Hallador Energy to a “neutral” rating in a research note on Tuesday, August 12th. Wall Street Zen downgraded shares of Hallador Energy from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th. Finally, B. Riley downgraded shares of Hallador Energy from a “buy” rating to a “neutral” rating and increased their price target for the stock from $15.00 to $17.00 in a research note on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $19.00.

Insiders Place Their Bets

In other news, Director Charles Ray Iv Wesley purchased 20,000 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was acquired at an average cost of $15.27 per share, with a total value of $305,400.00. Following the acquisition, the director owned 234,914 shares in the company, valued at approximately $3,587,136.78. This trade represents a 9.31% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 23.73% of the company’s stock.

Hallador Energy Price Performance

HNRG opened at $16.31 on Friday. The company has a fifty day simple moving average of $16.50 and a 200 day simple moving average of $14.75. The firm has a market cap of $701.49 million, a price-to-earnings ratio of -3.27 and a beta of 0.52. Hallador Energy Company has a twelve month low of $5.76 and a twelve month high of $22.01. The company has a current ratio of 0.67, a quick ratio of 0.26 and a debt-to-equity ratio of 0.25.

Hallador Energy (NASDAQ:HNRG) last released its quarterly earnings results on Monday, August 11th. The energy company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.34. The business had revenue of $102.89 million during the quarter, compared to analyst estimates of $91.73 million. Hallador Energy had a negative net margin of 46.61% and a positive return on equity of 11.58%. Equities research analysts expect that Hallador Energy Company will post -0.31 EPS for the current fiscal year.

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.