Oppenheimer Asset Management Inc. Has $84,000 Stake in Hallador Energy (NASDAQ:HNRG)

Oppenheimer Asset Management Inc. decreased its holdings in shares of Hallador Energy (NASDAQ:HNRG) by 29.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,806 shares of the energy company’s stock after selling 4,620 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Hallador Energy were worth $84,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. American Century Companies Inc. grew its position in shares of Hallador Energy by 7.6% during the 2nd quarter. American Century Companies Inc. now owns 555,879 shares of the energy company’s stock worth $4,319,000 after buying an additional 39,032 shares during the period. Cove Street Capital LLC grew its position in shares of Hallador Energy by 5.1% during the 1st quarter. Cove Street Capital LLC now owns 289,259 shares of the energy company’s stock worth $1,542,000 after buying an additional 14,107 shares during the period. B. Riley Wealth Advisors Inc. grew its position in shares of Hallador Energy by 1,822.2% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 221,050 shares of the energy company’s stock worth $1,954,000 after buying an additional 209,550 shares during the period. Empowered Funds LLC grew its position in shares of Hallador Energy by 8.1% during the 1st quarter. Empowered Funds LLC now owns 195,521 shares of the energy company’s stock worth $1,042,000 after buying an additional 14,700 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Hallador Energy by 1.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 183,683 shares of the energy company’s stock worth $1,427,000 after buying an additional 3,017 shares during the period. Institutional investors and hedge funds own 61.38% of the company’s stock.

Hallador Energy Stock Up 2.5 %

NASDAQ:HNRG opened at $6.88 on Monday. Hallador Energy has a 1 year low of $4.33 and a 1 year high of $15.79. 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 cap of $254.75 million, a price-to-earnings ratio of 11.66 and a beta of 0.59. The stock has a 50-day moving average price of $6.81 and a two-hundred day moving average price of $6.59.

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on HNRG shares. B. Riley upgraded shares of Hallador Energy from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $8.00 to $9.00 in a research report on Thursday, May 30th. StockNews.com lowered shares of Hallador Energy from a “hold” rating to a “sell” rating in a research note on Sunday, August 18th.

Insider Activity

In related news, Director Charles Ray Iv Wesley acquired 25,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of $5.97 per share, for a total transaction of $149,250.00. Following the completion of the acquisition, the director now directly owns 184,302 shares in the company, valued at approximately $1,100,282.94. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Charles Ray Iv Wesley acquired 25,000 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average cost of $5.97 per share, for a total transaction of $149,250.00. Following the completion of the acquisition, the director now owns 184,302 shares in the company, valued at $1,100,282.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Zarrell Thomas Gray acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were purchased at an average price of $5.75 per share, with a total value of $28,750.00. Following the completion of the acquisition, the director now owns 33,000 shares of the company’s stock, valued at approximately $189,750. The disclosure for this purchase can be found here. Insiders purchased 62,000 shares of company stock worth $370,840 over the last quarter. 32.30% of the stock is currently owned by company insiders.

About Hallador Energy

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.