Charles Schwab Investment Management Inc. Lowers Stock Holdings in Hallador Energy (NASDAQ:HNRG)

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Hallador Energy (NASDAQ:HNRG) by 4.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,226 shares of the energy company’s stock after selling 3,586 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.16% of Hallador Energy worth $662,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Bank of New York Mellon Corp increased its holdings in Hallador Energy by 1.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 183,683 shares of the energy company’s stock worth $1,427,000 after acquiring an additional 3,017 shares in the last quarter. Rhumbline Advisers increased 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 worth $293,000 after purchasing an additional 5,241 shares in the last quarter. ClariVest Asset Management LLC purchased a new stake in shares of Hallador Energy during the second quarter worth about $735,000. American Century Companies Inc. raised its position in shares of Hallador Energy by 7.6% during the 2nd quarter. American Century Companies Inc. now owns 555,879 shares of the energy company’s stock worth $4,319,000 after purchasing an additional 39,032 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. purchased a new position in Hallador Energy in the 2nd quarter valued at about $584,000. Hedge funds and other institutional investors own 61.38% of the company’s stock.

Insiders Place Their Bets

In other news, Director David C. Hardie sold 44,699 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $12.88, for a total transaction of $575,723.12. Following the completion of the sale, the director now owns 2,130,423 shares in the company, valued at $27,439,848.24. This trade represents a 2.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 104,524 shares of company stock valued at $1,356,743 over the last ninety days. Company insiders own 32.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on HNRG shares. 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 boosted their price target on Hallador Energy from $9.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th.

Hallador Energy Stock Down 5.4 %

HNRG stock opened at $11.12 on Thursday. 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 firm has a 50-day moving average of $11.37 and a two-hundred day moving average 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 cap of $473.90 million, a price-to-earnings ratio of -20.22 and a beta of 0.69.

Hallador Energy (NASDAQ:HNRG) last issued its earnings results on Tuesday, November 12th. The energy company reported $0.04 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $117.10 million. During the same period in the prior year, the business earned $0.47 EPS. As a group, analysts forecast that Hallador Energy will post -0.31 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.