Hallador Energy (NASDAQ:HNRG) Stock Holdings Boosted by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in Hallador Energy (NASDAQ:HNRG) by 4.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 672,801 shares of the energy company’s stock after buying an additional 27,093 shares during the period. Geode Capital Management LLC owned approximately 1.58% of Hallador Energy worth $6,346,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of HNRG. The Manufacturers Life Insurance Company acquired a new stake in Hallador Energy during the second quarter valued at approximately $78,000. CWM LLC increased its holdings in shares of Hallador Energy by 154.4% in the third quarter. CWM LLC now owns 8,227 shares of the energy company’s stock valued at $78,000 after buying an additional 4,993 shares in the last quarter. Quantinno Capital Management LP acquired a new stake in shares of Hallador Energy during the 3rd quarter valued at $96,000. Exchange Traded Concepts LLC grew its holdings in shares of Hallador Energy by 66.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 10,357 shares of the energy company’s stock worth $98,000 after acquiring an additional 4,132 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Hallador Energy in the 3rd quarter worth $100,000. Institutional investors and hedge funds own 61.38% of the company’s stock.

Analysts Set New Price Targets

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

Hallador Energy Price Performance

NASDAQ HNRG opened at $11.74 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.17. The firm has a market capitalization of $500.32 million, a price-to-earnings ratio of -21.35 and a beta of 0.68. The company has a 50 day simple moving average of $11.67 and a 200-day simple moving average of $9.09. Hallador Energy has a 52-week low of $4.33 and a 52-week high of $14.00.

Hallador Energy (NASDAQ:HNRG) last released its quarterly earnings data on Tuesday, November 12th. The energy company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $105.04 million during the quarter, compared to analysts’ expectations of $117.10 million. During the same quarter last year, the firm earned $0.47 earnings per share. Equities research analysts predict that Hallador Energy will post -0.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director David C. Hardie sold 18,775 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $13.02, for a total transaction of $244,450.50. Following the completion of the sale, the director now owns 2,022,713 shares in the company, valued at approximately $26,335,723.26. This represents a 0.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold 104,524 shares of company stock valued at $1,356,743 over the last ninety days. Corporate 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.