Counterpoint Mutual Funds LLC Reduces Stock Position in Hallador Energy Company $HNRG

Counterpoint Mutual Funds LLC decreased its position in Hallador Energy Company (NASDAQ:HNRG) by 87.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,119 shares of the energy company’s stock after selling 150,404 shares during the quarter. Counterpoint Mutual Funds LLC owned approximately 0.05% of Hallador Energy worth $433,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of Hallador Energy during the second quarter worth about $27,000. State of Alaska Department of Revenue bought a new position in Hallador Energy during the 3rd quarter valued at approximately $32,000. EverSource Wealth Advisors LLC lifted its holdings in Hallador Energy by 11,110.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company’s stock worth $34,000 after buying an additional 2,111 shares during the period. Ameritas Investment Partners Inc. grew its position in shares of Hallador Energy by 68.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,169 shares of the energy company’s stock worth $50,000 after buying an additional 1,283 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of Hallador Energy by 294.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,180 shares of the energy company’s stock worth $50,000 after buying an additional 2,374 shares during the last quarter. 61.38% of the stock is owned by institutional investors.

Hallador Energy Stock Performance

Shares of Hallador Energy stock opened at $18.23 on Wednesday. Hallador Energy Company has a 12 month low of $8.37 and a 12 month high of $24.70. The firm has a market capitalization of $799.02 million, a P/E ratio of -4.07 and a beta of 0.23. The company has a current ratio of 0.66, a quick ratio of 0.31 and a debt-to-equity ratio of 0.02. The business has a fifty day simple moving average of $19.20 and a two-hundred day simple moving average of $19.26.

Insider Buying and Selling

In other Hallador Energy news, Director Charles Ray Iv Wesley acquired 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The shares were acquired at an average price of $17.83 per share, with a total value of $356,600.00. Following the completion of the purchase, the director directly owned 267,914 shares of the company’s stock, valued at approximately $4,776,906.62. The trade was a 8.07% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 23.73% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on HNRG shares. Alliance Global Partners restated a “buy” rating on shares of Hallador Energy in a report on Tuesday, November 11th. iA Financial set a $28.00 price objective on shares of Hallador Energy in a research report on Tuesday, November 11th. Zacks Research cut shares of Hallador Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Hallador Energy in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $22.67.

About Hallador Energy

Hallador Energy Company is a coal producer and mine operator trading on NASDAQ under the symbol HNRG. The company’s primary business activities center on the production and sale of bituminous thermal coal. Hallador’s operations encompass two surface mines: the Shoal Creek Mine located in southwestern Indiana and the Bull Mountain Mine situated in eastern Montana. Both sites are designed to extract high-quality coal reserves for the power generation market.

Hallador Energy markets its coal primarily to electric utilities and industrial customers across the United States.