Hallador Energy (NASDAQ:HNRG) Stake Raised by State Street Corp

State Street Corp raised its holdings in shares of Hallador Energy (NASDAQ:HNRG) by 1.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 525,123 shares of the energy company’s stock after acquiring an additional 7,764 shares during the quarter. State Street Corp owned approximately 1.23% of Hallador Energy worth $4,952,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Point72 Asset Management L.P. purchased a new position in Hallador Energy during the second quarter valued at approximately $2,197,000. Stifel Financial Corp increased its stake in shares of Hallador Energy by 959.7% in the third quarter. Stifel Financial Corp now owns 264,976 shares of the energy company’s stock worth $2,499,000 after acquiring an additional 239,972 shares during the last quarter. Pekin Hardy Strauss Inc. increased its stake in shares of Hallador Energy by 87.7% in the third quarter. Pekin Hardy Strauss Inc. now owns 140,950 shares of the energy company’s stock worth $1,329,000 after acquiring an additional 65,850 shares during the last quarter. ClariVest Asset Management LLC purchased a new stake in shares of Hallador Energy during the second quarter worth $735,000. Finally, Empyrean Capital Partners LP acquired a new stake in Hallador Energy during the second quarter valued at $3,885,000. Institutional investors and hedge funds own 61.38% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Alliance Global Partners started coverage on Hallador Energy in a research report on Monday, December 9th. They issued a “buy” rating and a $17.00 target price on the stock. B. Riley increased their price objective on Hallador Energy from $9.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th.

Hallador Energy Trading Down 0.3 %

Shares of NASDAQ:HNRG opened at $11.14 on Monday. Hallador Energy has a 1 year low of $4.33 and a 1 year high of $14.00. The firm has a fifty day moving average price of $11.50 and a 200 day moving average price of $8.98. The company has a current ratio of 0.58, a quick ratio of 0.17 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $474.75 million, a PE ratio of -20.25 and a beta of 0.69.

Hallador Energy (NASDAQ:HNRG) last released its quarterly earnings results on Tuesday, November 12th. The energy company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.14. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. The company had revenue of $105.04 million during the quarter, compared to the consensus estimate of $117.10 million. During the same quarter in the prior year, the company posted $0.47 EPS. Analysts expect that Hallador Energy will post -0.31 EPS for the current fiscal year.

Insider Buying and Selling at Hallador Energy

In other news, Director David C. Hardie sold 44,699 shares of Hallador Energy 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 in the company, valued at approximately $27,439,848.24. The trade was a 2.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 104,524 shares of company stock worth $1,356,743 over the last 90 days. Insiders own 32.30% of the company’s stock.

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.