Bleakley Financial Group LLC Invests $171,000 in Hallador Energy (NASDAQ:HNRG)

Bleakley Financial Group LLC purchased a new position in shares of Hallador Energy (NASDAQ:HNRG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 14,952 shares of the energy company’s stock, valued at approximately $171,000.

Other hedge funds have also modified their holdings of the company. Stifel Financial Corp grew its holdings in shares of Hallador Energy by 959.7% during the 3rd quarter. Stifel Financial Corp now owns 264,976 shares of the energy company’s stock worth $2,499,000 after purchasing an additional 239,972 shares during the period. Barclays PLC grew its holdings in shares of Hallador Energy by 272.9% during the 3rd quarter. Barclays PLC now owns 33,131 shares of the energy company’s stock worth $312,000 after purchasing an additional 24,247 shares during the period. Pekin Hardy Strauss Inc. boosted its holdings in Hallador Energy by 87.7% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 140,950 shares of the energy company’s stock valued at $1,329,000 after acquiring an additional 65,850 shares during the period. Geode Capital Management LLC boosted its holdings in Hallador Energy by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 672,801 shares of the energy company’s stock valued at $6,346,000 after acquiring an additional 27,093 shares during the period. Finally, State Street Corp boosted its holdings in Hallador Energy by 1.5% during the 3rd quarter. State Street Corp now owns 525,123 shares of the energy company’s stock valued at $4,952,000 after acquiring an additional 7,764 shares during the period. 61.38% of the stock is currently owned by hedge funds and other institutional investors.

Hallador Energy Price Performance

HNRG stock opened at $11.16 on Thursday. 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 $475.64 million, a P/E ratio of -20.29 and a beta of 0.66. The business’s 50-day moving average is $11.74 and its two-hundred day moving average is $9.83. Hallador Energy has a 1 year low of $4.33 and a 1 year high of $14.00.

Hallador Energy (NASDAQ:HNRG) last posted its quarterly earnings results 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. The company had revenue of $105.04 million for the quarter, compared to analyst estimates of $117.10 million. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. During the same quarter last year, the company earned $0.47 EPS. Analysts anticipate that Hallador Energy will post -0.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Hallador Energy

In other Hallador Energy news, Director David C. Hardie sold 23,604 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $13.11, for a total value of $309,448.44. Following the sale, the director now owns 2,106,819 shares of the company’s stock, valued at $27,620,397.09. This trade represents a 1.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 104,524 shares of company stock valued at $1,356,743 in the last quarter. Corporate insiders own 32.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Alliance Global Partners assumed coverage on Hallador Energy in a report on Monday, December 9th. They set a “buy” rating and a $17.00 target price for the company. B. Riley raised their target price on Hallador Energy from $9.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, November 13th.

Hallador Energy 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.