Hallador Energy Company $HNRG Shares Sold by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. reduced its position in Hallador Energy Company (NASDAQ:HNRG) by 73.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,250 shares of the energy company’s stock after selling 90,700 shares during the quarter. Pekin Hardy Strauss Inc. owned about 0.08% of Hallador Energy worth $511,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Millennium Management LLC increased its stake in Hallador Energy by 1,233.6% during the first quarter. Millennium Management LLC now owns 486,532 shares of the energy company’s stock worth $5,975,000 after acquiring an additional 450,049 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Hallador Energy during the 1st quarter worth approximately $3,477,000. Invesco Ltd. raised its holdings in Hallador Energy by 356.4% in the first quarter. Invesco Ltd. now owns 273,300 shares of the energy company’s stock valued at $3,356,000 after buying an additional 213,421 shares during the period. Apis Capital Advisors LLC raised its holdings in Hallador Energy by 20.3% in the first quarter. Apis Capital Advisors LLC now owns 1,079,935 shares of the energy company’s stock valued at $13,262,000 after buying an additional 181,935 shares during the period. Finally, Counterpoint Mutual Funds LLC acquired a new position in Hallador Energy during the second quarter valued at approximately $2,731,000. Institutional investors and hedge funds own 61.38% of the company’s stock.

Analyst Ratings Changes

HNRG has been the subject of several recent research reports. B. Riley lowered shares of Hallador Energy from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $15.00 to $17.00 in a research report on Tuesday, August 12th. Wall Street Zen upgraded Hallador Energy from a “hold” rating to a “buy” rating in a report on Sunday, October 26th. Citigroup lowered Hallador Energy to a “neutral” rating in a research report on Tuesday, August 12th. Zacks Research downgraded Hallador Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Hallador Energy in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $19.00.

Hallador Energy Stock Performance

NASDAQ:HNRG opened at $19.67 on Friday. The firm has a 50-day moving average of $19.34 and a two-hundred day moving average of $17.48. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.67 and a quick ratio of 0.26. The stock has a market cap of $846.01 million, a P/E ratio of -3.94 and a beta of 0.44. Hallador Energy Company has a 1-year low of $8.37 and a 1-year high of $22.44.

Hallador Energy (NASDAQ:HNRG) last announced its earnings results on Monday, August 11th. The energy company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.34. The business had revenue of $102.89 million for the quarter, compared to analyst estimates of $91.73 million. Hallador Energy had a positive return on equity of 11.58% and a negative net margin of 46.61%. On average, research analysts expect that Hallador Energy Company will post -0.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Charles Ray Iv Wesley purchased 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average cost of $15.27 per share, with a total value of $305,400.00. Following the completion of the acquisition, the director directly owned 234,914 shares of the company’s stock, valued at approximately $3,587,136.78. The trade was a 9.31% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David C. Hardie sold 100,000 shares of the stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $19.53, for a total transaction of $1,953,000.00. Following the transaction, the director owned 21,072 shares in the company, valued at $411,536.16. This trade represents a 82.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 372,062 shares of company stock worth $7,232,705. 23.73% of the stock is currently owned by corporate insiders.

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.