Bank of New York Mellon Corp Grows Position in Hallador Energy (NASDAQ:HNRG)

Bank of New York Mellon Corp grew its stake in Hallador Energy (NASDAQ:HNRG) by 1.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 183,683 shares of the energy company’s stock after buying an additional 3,017 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.50% of Hallador Energy worth $1,427,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. increased its stake in shares of Hallador Energy by 1,822.2% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 221,050 shares of the energy company’s stock worth $1,954,000 after purchasing an additional 209,550 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Hallador Energy by 264.1% in the 4th quarter. BNP Paribas Financial Markets now owns 76,823 shares of the energy company’s stock worth $679,000 after buying an additional 55,724 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in Hallador Energy during the fourth quarter valued at about $427,000. Trexquant Investment LP purchased a new position in shares of Hallador Energy in the fourth quarter valued at about $316,000. Finally, Virtu Financial LLC bought a new position in shares of Hallador Energy in the fourth quarter worth about $265,000. Institutional investors own 61.38% of the company’s stock.

Hallador Energy Trading Up 3.1 %

Shares of HNRG stock opened at $6.71 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.16 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $248.45 million, a price-to-earnings ratio of 11.37 and a beta of 0.59. Hallador Energy has a 12-month low of $4.33 and a 12-month high of $15.79. The stock’s 50-day moving average price is $6.84 and its 200-day moving average price is $6.62.

Hallador Energy (NASDAQ:HNRG) last issued its quarterly earnings data on Tuesday, August 6th. The energy company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.19). Hallador Energy had a negative return on equity of 1.48% and a negative net margin of 1.25%. The firm had revenue of $90.91 million for the quarter, compared to analysts’ expectations of $108.00 million. During the same period last year, the company earned $0.47 earnings per share. Equities research analysts predict that Hallador Energy will post -0.41 EPS for the current fiscal year.

Insider Buying and Selling at Hallador Energy

In related news, Director Zarrell Thomas Gray acquired 10,000 shares of Hallador Energy stock in a transaction on Monday, August 12th. The shares were bought at an average cost of $5.50 per share, with a total value of $55,000.00. Following the completion of the purchase, the director now directly owns 23,000 shares of the company’s stock, valued at approximately $126,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Charles Ray Iv Wesley purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were bought at an average cost of $5.76 per share, for a total transaction of $28,800.00. Following the acquisition, the director now owns 159,302 shares of the company’s stock, valued at approximately $917,579.52. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Zarrell Thomas Gray acquired 10,000 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was purchased at an average cost of $5.50 per share, with a total value of $55,000.00. Following the purchase, the director now owns 23,000 shares of the company’s stock, valued at $126,500. The disclosure for this purchase can be found here. Insiders acquired 62,000 shares of company stock worth $370,840 over the last 90 days. 32.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HNRG. StockNews.com downgraded Hallador Energy from a “hold” rating to a “sell” rating in a research note on Sunday, August 18th. B. Riley raised shares of Hallador Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $8.00 to $9.00 in a report on Thursday, May 30th.

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.