Hallador Energy Co. (NASDAQ:HNRG) shares shot up 4.8% on Wednesday after the company announced a dividend. The stock traded as high as $8.50 and last traded at $8.44, with a volume of 213,687 shares trading hands. The stock had previously closed at $8.05.

The newly announced dividend which will be paid on Friday, November 18th. Stockholders of record on Monday, October 31st will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, October 27th. Hallador Energy’s payout ratio is currently 27.12%.

Several research firms have recently issued reports on HNRG. Zacks Investment Research downgraded shares of Hallador Energy from a “buy” rating to a “hold” rating in a research note on Thursday, July 21st. FBR & Co reaffirmed an “outperform” rating and set a $8.00 price target (up previously from $7.00) on shares of Hallador Energy in a research note on Thursday, October 13th.

The firm has a 50-day moving average price of $7.43 and a 200 day moving average price of $5.47. The stock has a market capitalization of $247.23 million, a price-to-earnings ratio of 14.1815 and a beta of 0.04.

In related news, insider Brent K. Bilsland sold 123,586 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $7.12, for a total transaction of $879,932.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 55.66% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. S&CO Inc. purchased a new position in shares of Hallador Energy during the second quarter valued at approximately $102,000. Hamilton Lane Advisors LLC purchased a new position in shares of Hallador Energy during the second quarter valued at approximately $136,000. Eagle Global Advisors LLC boosted its position in shares of Hallador Energy by 114.2% in the second quarter. Eagle Global Advisors LLC now owns 35,070 shares of the company’s stock valued at $162,000 after buying an additional 18,700 shares in the last quarter. Spark Investment Management LLC purchased a new position in shares of Hallador Energy during the first quarter valued at approximately $167,000. Finally, Confluence Investment Management LLC purchased a new position in shares of Hallador Energy during the second quarter valued at approximately $177,000. 51.74% of the stock is owned by institutional investors.

Hallador Energy Company Profile

Hallador Energy Company is an oil and gas exploration company focused on developing coal reserves in the Illinois Basin. The Company, through its subsidiary, Sunrise Coal, LLC, is engaged in coal mining in the state of Indiana serving the electric power generation industry. Its projects include Carlisle Mine, Ace in the Hole Mine, Oaktown 1 Mine, Oaktown 2 Mine and Bulldog Mine.

5 Day Chart for NASDAQ:HNRG

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