18,100 Shares in Hallador Energy Company $HNRG Acquired by Strs Ohio

Strs Ohio purchased a new position in shares of Hallador Energy Company (NASDAQ:HNRG) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 18,100 shares of the energy company’s stock, valued at approximately $222,000.

A number of other hedge funds have also recently added to or reduced their stakes in HNRG. Millennium Management LLC grew its stake in Hallador Energy by 1,233.6% during the 1st quarter. Millennium Management LLC now owns 486,532 shares of the energy company’s stock worth $5,975,000 after buying an additional 450,049 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in Hallador Energy during the 1st quarter worth approximately $3,477,000. Invesco Ltd. grew its stake in shares of Hallador Energy by 356.4% in the 1st quarter. Invesco Ltd. now owns 273,300 shares of the energy company’s stock valued at $3,356,000 after purchasing an additional 213,421 shares during the last quarter. Apis Capital Advisors LLC grew its stake in shares of Hallador Energy by 20.3% in the 1st quarter. Apis Capital Advisors LLC now owns 1,079,935 shares of the energy company’s stock valued at $13,262,000 after purchasing an additional 181,935 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Hallador Energy by 16.4% in the 1st quarter. American Century Companies Inc. now owns 924,812 shares of the energy company’s stock valued at $11,357,000 after purchasing an additional 130,509 shares during the last quarter. Hedge funds and other institutional investors own 61.38% of the company’s stock.

Insider Buying and Selling at Hallador Energy

In other news, Director Charles Ray Iv Wesley acquired 20,000 shares of Hallador Energy stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average cost of $15.27 per share, with a total value of $305,400.00. Following the completion of the acquisition, the director owned 234,914 shares in the company, valued at $3,587,136.78. This trade represents a 9.31% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David C. Hardie sold 76,659 shares of Hallador Energy stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $19.25, for a total value of $1,475,685.75. Following the transaction, the director directly owned 119,924 shares of the company’s stock, valued at approximately $2,308,537. This represents a 39.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 23.73% of the company’s stock.

Analyst Ratings Changes

HNRG has been the topic of several analyst reports. Citigroup downgraded Hallador Energy to a “neutral” rating in a research note on Tuesday, August 12th. B. Riley downgraded Hallador Energy from a “buy” rating to a “neutral” rating and lifted their target price for the company from $15.00 to $17.00 in a research note on Tuesday, August 12th. Zacks Research upgraded Hallador Energy to a “strong-buy” rating in a research note on Friday, September 12th. Finally, Wall Street Zen upgraded Hallador Energy from a “hold” rating to a “buy” rating in a research note on Saturday, September 6th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Hallador Energy has a consensus rating of “Buy” and an average target price of $19.00.

Hallador Energy Stock Performance

Shares of HNRG stock opened at $18.91 on Thursday. The stock has a fifty day moving average price of $17.30 and a 200 day moving average price of $15.67. The stock has a market cap of $813.32 million, a PE ratio of -3.79 and a beta of 0.45. Hallador Energy Company has a 1 year low of $7.42 and a 1 year high of $22.01. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.26 and a current ratio of 0.67.

Hallador Energy (NASDAQ:HNRG) last issued its quarterly earnings data on Monday, August 11th. The energy company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.34. The firm had revenue of $102.89 million during the quarter, compared to analysts’ expectations of $91.73 million. Hallador Energy had a positive return on equity of 11.58% and a negative net margin of 46.61%. Sell-side analysts forecast that Hallador Energy Company will post -0.31 earnings per share for the current fiscal year.

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.