10,081 Shares in Hallador Energy (NASDAQ:HNRG) Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company acquired a new stake in Hallador Energy (NASDAQ:HNRG) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,081 shares of the energy company’s stock, valued at approximately $78,000.

A number of other hedge funds also recently made changes to their positions in HNRG. Norden Group LLC purchased a new position in shares of Hallador Energy in the first quarter valued at $55,000. Principal Financial Group Inc. purchased a new position in Hallador Energy in the 1st quarter valued at about $71,000. Janney Montgomery Scott LLC boosted its position in Hallador Energy by 10.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 53,172 shares of the energy company’s stock valued at $283,000 after buying an additional 4,887 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Hallador Energy by 16.1% during the second quarter. Rhumbline Advisers now owns 37,757 shares of the energy company’s stock valued at $293,000 after acquiring an additional 5,241 shares in the last quarter. Finally, Deerfield Management Company L.P. Series C purchased a new stake in shares of Hallador Energy during the second quarter worth about $318,000. Hedge funds and other institutional investors own 61.38% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Hallador Energy from a “hold” rating to a “sell” rating in a report on Sunday, August 18th.

Insider Buying and Selling

In other news, Director Charles Ray Iv Wesley acquired 25,000 shares of the business’s stock in a transaction on Friday, September 6th. The shares were purchased at an average price of $5.97 per share, for a total transaction of $149,250.00. Following the completion of the purchase, the director now directly owns 184,302 shares of the company’s stock, valued at $1,100,282.94. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Hallador Energy news, Director Charles Ray Iv Wesley purchased 25,000 shares of Hallador Energy stock in a transaction dated Friday, September 6th. The shares were bought at an average cost of $5.97 per share, for a total transaction of $149,250.00. Following the transaction, the director now owns 184,302 shares in the company, valued at $1,100,282.94. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Zarrell Thomas Gray purchased 14,000 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was acquired at an average cost of $6.36 per share, with a total value of $89,040.00. Following the completion of the acquisition, the director now directly owns 47,000 shares in the company, valued at approximately $298,920. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders bought 61,000 shares of company stock worth $363,840. Corporate insiders own 32.30% of the company’s stock.

Hallador Energy Stock Up 2.6 %

HNRG stock opened at $10.29 on Monday. 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 firm has a 50 day simple moving average of $7.60 and a 200-day simple moving average of $7.08. The company has a market capitalization of $381.01 million, a P/E ratio of 17.44 and a beta of 0.62. Hallador Energy has a twelve month low of $4.33 and a twelve month high of $15.41.

Hallador Energy (NASDAQ:HNRG) last announced 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 company had revenue of $90.91 million for the quarter, compared to analyst estimates of $108.00 million. Hallador Energy had a negative return on equity of 1.48% and a negative net margin of 1.25%. During the same period in the prior year, the business earned $0.47 earnings per share. On average, equities research analysts predict that Hallador Energy will post -0.41 earnings per share for the current fiscal year.

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.