Stifel Financial Corp Has $2.50 Million Stake in Hallador Energy (NASDAQ:HNRG)

Stifel Financial Corp grew its holdings in shares of Hallador Energy (NASDAQ:HNRG) by 959.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 264,976 shares of the energy company’s stock after purchasing an additional 239,972 shares during the period. Stifel Financial Corp owned about 0.62% of Hallador Energy worth $2,499,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Quantinno Capital Management LP acquired a new stake in shares of Hallador Energy during the 3rd quarter worth $96,000. Janus Henderson Group PLC bought a new stake in Hallador Energy during the third quarter worth about $119,000. Centiva Capital LP grew its stake in Hallador Energy by 97.6% during the third quarter. Centiva Capital LP now owns 24,153 shares of the energy company’s stock worth $228,000 after buying an additional 11,929 shares in the last quarter. Taconic Capital Advisors LP bought a new position in Hallador Energy in the 3rd quarter valued at about $4,147,000. Finally, Pekin Hardy Strauss Inc. raised its position in shares of Hallador Energy by 87.7% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 140,950 shares of the energy company’s stock valued at $1,329,000 after buying an additional 65,850 shares in the last quarter. 61.38% of the stock is owned by institutional investors.

Hallador Energy Price Performance

Hallador Energy stock opened at $11.12 on Thursday. The stock has a 50-day moving average price of $11.37 and a two-hundred day moving average price of $8.84. Hallador Energy has a 12 month low of $4.33 and a 12 month high of $14.00. The company has a market capitalization of $473.90 million, a PE ratio of -20.22 and a beta of 0.69. The company has a current ratio of 0.58, a quick ratio of 0.17 and a debt-to-equity ratio of 0.16.

Hallador Energy (NASDAQ:HNRG) last posted its 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 firm had revenue of $105.04 million for the quarter, compared to analyst estimates of $117.10 million. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.71%. During the same period in the previous year, the firm posted $0.47 EPS. Analysts expect that Hallador Energy will post -0.31 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on HNRG. B. Riley upped 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. Alliance Global Partners assumed coverage on Hallador Energy in a research note on Monday, December 9th. They issued a “buy” rating and a $17.00 price objective on the stock.

Insider Activity at Hallador Energy

In other news, Director David C. Hardie sold 44,699 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $12.88, for a total value of $575,723.12. Following the transaction, the director now directly owns 2,130,423 shares of the company’s stock, valued at $27,439,848.24. The trade was a 2.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 104,524 shares of company stock worth $1,356,743 over the last three months. Company insiders own 32.30% of the company’s stock.

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.