B. Riley Wealth Advisors Inc. Raises Position in Hallador Energy (NASDAQ:HNRG)

B. Riley Wealth Advisors Inc. lifted its stake in Hallador Energy (NASDAQ:HNRG) by 1,822.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 221,050 shares of the energy company’s stock after purchasing an additional 209,550 shares during the period. B. Riley Wealth Advisors Inc. owned 0.67% of Hallador Energy worth $1,954,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Acadian Asset Management LLC raised its stake in Hallador Energy by 42.4% during the 3rd quarter. Acadian Asset Management LLC now owns 430,113 shares of the energy company’s stock worth $6,201,000 after acquiring an additional 128,124 shares during the period. Invesco Ltd. raised its position in shares of Hallador Energy by 1,671.4% during the 3rd quarter. Invesco Ltd. now owns 857,655 shares of the energy company’s stock valued at $12,367,000 after purchasing an additional 809,238 shares during the period. Jump Financial LLC purchased a new position in shares of Hallador Energy during the 4th quarter valued at $594,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Hallador Energy by 218.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 83,309 shares of the energy company’s stock worth $1,201,000 after buying an additional 57,141 shares during the period. Finally, Alps Advisors Inc. purchased a new stake in Hallador Energy in the 3rd quarter worth $438,000. 61.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on HNRG. TheStreet downgraded Hallador Energy from a “b-” rating to a “c” rating in a research report on Wednesday, March 20th. StockNews.com raised Hallador Energy from a “sell” rating to a “hold” rating in a report on Friday, April 5th. Finally, B. Riley raised shares of Hallador Energy from a “neutral” rating to a “buy” rating and increased their price objective for the company from $8.00 to $9.00 in a report on Thursday, May 30th.

Hallador Energy Stock Up 2.5 %

HNRG opened at $7.55 on Wednesday. The company has a market capitalization of $279.39 million, a PE ratio of 12.79 and a beta of 0.65. The firm has a 50-day simple moving average of $6.31 and a two-hundred day simple moving average of $7.42. The company has a quick ratio of 0.14, a current ratio of 0.57 and a debt-to-equity ratio of 0.25. Hallador Energy has a 52 week low of $4.33 and a 52 week high of $15.79.

Hallador Energy (NASDAQ:HNRG) last announced its quarterly earnings results on Monday, May 6th. The energy company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.15. The company had revenue of $109.67 million during the quarter, compared to analyst estimates of $122.40 million. Hallador Energy had a return on equity of 8.49% and a net margin of 3.79%. Analysts forecast that Hallador Energy will post 0.36 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.