Hallador Energy Company $HNRG is Aegis Financial Corp’s Largest Position

Aegis Financial Corp trimmed its position in shares of Hallador Energy Company (NASDAQ:HNRG) by 0.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,010,994 shares of the energy company’s stock after selling 10,108 shares during the quarter. Hallador Energy makes up 18.7% of Aegis Financial Corp’s portfolio, making the stock its biggest holding. Aegis Financial Corp owned 4.68% of Hallador Energy worth $31,834,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Hallador Energy by 4.0% during the first quarter. Vanguard Group Inc. now owns 1,693,561 shares of the energy company’s stock valued at $20,797,000 after buying an additional 65,652 shares in the last quarter. Apis Capital Advisors LLC raised its position in shares of Hallador Energy by 20.3% during the 1st quarter. Apis Capital Advisors LLC now owns 1,079,935 shares of the energy company’s stock worth $13,262,000 after buying an additional 181,935 shares in the last quarter. American Century Companies Inc. boosted its stake in Hallador Energy by 16.4% during 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 in the last quarter. Geode Capital Management LLC grew its stake in shares of Hallador Energy by 8.8% in the 2nd quarter. Geode Capital Management LLC now owns 759,770 shares of the energy company’s stock worth $12,029,000 after purchasing an additional 61,666 shares during the last quarter. Finally, Bridgeway Capital Management LLC lifted its position in shares of Hallador Energy by 2.4% during the 1st quarter. Bridgeway Capital Management LLC now owns 552,206 shares of the energy company’s stock valued at $6,781,000 after acquiring an additional 12,921 shares during the last quarter. 61.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on HNRG shares. Citigroup lowered shares of Hallador Energy to a “neutral” rating in a report on Tuesday, August 12th. Zacks Research lowered shares of Hallador Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Alliance Global Partners reaffirmed a “buy” rating on shares of Hallador Energy in a research report on Tuesday. B. Riley downgraded shares of Hallador Energy from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $15.00 to $17.00 in a report on Tuesday, August 12th. Finally, Wall Street Zen upgraded shares of Hallador Energy from a “hold” rating to a “buy” rating in a research note on Sunday, October 26th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Hallador Energy has an average rating of “Hold” and an average price target of $21.25.

Insiders Place Their Bets

In other news, Director David C. Hardie sold 100,000 shares of the business’s stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $19.53, for a total transaction of $1,953,000.00. Following the transaction, the director directly owned 21,072 shares in the company, valued at $411,536.16. The trade was a 82.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Charles Ray Iv Wesley acquired 20,000 shares of Hallador Energy stock in a transaction on Tuesday, August 19th. The shares were bought at an average cost of $15.27 per share, with a total value of $305,400.00. Following the completion of the transaction, the director owned 234,914 shares of the company’s stock, valued at approximately $3,587,136.78. This trade represents a 9.31% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have sold 372,062 shares of company stock worth $7,232,705. 23.73% of the stock is owned by corporate insiders.

Hallador Energy Stock Performance

HNRG stock opened at $20.34 on Friday. The business’s 50-day moving average price is $19.84 and its two-hundred day moving average price is $17.74. Hallador Energy Company has a 1-year low of $8.37 and a 1-year high of $24.70. The company has a current ratio of 0.67, a quick ratio of 0.26 and a debt-to-equity ratio of 0.25. The firm has a market cap of $891.40 million, a PE ratio of -4.08 and a beta of 0.44.

Hallador Energy (NASDAQ:HNRG) last announced its earnings results on Monday, November 10th. The energy company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.49. The firm had revenue of $146.85 million during the quarter, compared to analyst estimates of $110.92 million. Hallador Energy had a negative net margin of 46.61% and a positive return on equity of 11.58%. As a group, research analysts forecast that Hallador Energy Company will post -0.31 earnings per share for the current 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.