Hallador Energy (NASDAQ:HNRG) Director Sells 18,775 Shares of Stock

Hallador Energy (NASDAQ:HNRG) Director David C. Hardie sold 18,775 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $13.02, for a total transaction of $244,450.50. Following the completion of the sale, the director now owns 2,022,713 shares of the company’s stock, valued at $26,335,723.26. This trade represents a 0.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Hallador Energy Price Performance

Shares of NASDAQ HNRG traded up $0.47 during midday trading on Tuesday, hitting $13.49. The company had a trading volume of 541,469 shares, compared to its average volume of 481,012. The business has a 50-day simple moving average of $11.04 and a two-hundred day simple moving average of $8.62. Hallador Energy has a twelve month low of $4.33 and a twelve month high of $14.00. The company has a quick ratio of 0.17, a current ratio of 0.58 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $574.94 million, a price-to-earnings ratio of -24.53 and a beta of 0.68.

Hallador Energy (NASDAQ:HNRG) last released its quarterly earnings results on Tuesday, November 12th. The energy company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.14. The business had revenue of $105.04 million for the quarter, compared to analysts’ expectations of $117.10 million. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. During the same quarter in the prior year, the firm posted $0.47 EPS. Equities research analysts anticipate that Hallador Energy will post -0.31 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HNRG. The Manufacturers Life Insurance Company purchased a new stake in shares of Hallador Energy in the 2nd quarter worth about $78,000. CWM LLC raised its position in Hallador Energy by 154.4% during the third quarter. CWM LLC now owns 8,227 shares of the energy company’s stock worth $78,000 after acquiring an additional 4,993 shares during the last quarter. Quantinno Capital Management LP purchased a new stake in shares of Hallador Energy in the third quarter valued at about $96,000. Exchange Traded Concepts LLC grew its position in shares of Hallador Energy by 66.4% in the third quarter. Exchange Traded Concepts LLC now owns 10,357 shares of the energy company’s stock valued at $98,000 after purchasing an additional 4,132 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Hallador Energy during the 3rd quarter worth approximately $100,000. Hedge funds and other institutional investors own 61.38% of the company’s stock.

Wall Street Analyst Weigh In

HNRG has been the subject of a number of recent analyst reports. Alliance Global Partners started coverage on shares of Hallador Energy in a research report on Monday. They issued a “buy” rating and a $17.00 price objective for the company. B. Riley increased their target price on Hallador Energy from $9.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, StockNews.com downgraded Hallador Energy from a “hold” rating to a “sell” rating in a research note on Sunday, August 18th.

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.