Sierra Summit Advisors LLC Acquires Shares of 54,384 Hallador Energy Company $HNRG

Sierra Summit Advisors LLC acquired a new position in Hallador Energy Company (NASDAQ:HNRG) in the third quarter, HoldingsChannel.com reports. The fund acquired 54,384 shares of the energy company’s stock, valued at approximately $1,064,000.

Other hedge funds have also modified their holdings of the company. AQR Capital Management LLC grew its position in shares of Hallador Energy by 1.9% during the 1st quarter. AQR Capital Management LLC now owns 103,534 shares of the energy company’s stock valued at $1,271,000 after acquiring an additional 1,950 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Hallador Energy by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,193 shares of the energy company’s stock worth $187,000 after purchasing an additional 624 shares in the last quarter. Millennium Management LLC grew its holdings in Hallador Energy by 1,233.6% in the first quarter. Millennium Management LLC now owns 486,532 shares of the energy company’s stock valued at $5,975,000 after purchasing an additional 450,049 shares during the period. Empowered Funds LLC increased its position in shares of Hallador Energy by 5.5% in the first quarter. Empowered Funds LLC now owns 246,106 shares of the energy company’s stock valued at $3,022,000 after buying an additional 12,921 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of Hallador Energy in the first quarter valued at approximately $807,000. 61.38% of the stock is owned by hedge funds and other institutional investors.

Hallador Energy Stock Down 1.8%

Shares of HNRG opened at $18.18 on Friday. The stock has a 50 day moving average price of $19.20 and a 200 day moving average price of $19.25. Hallador Energy Company has a one year low of $8.37 and a one year high of $24.70. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.31 and a current ratio of 0.66. The stock has a market capitalization of $796.83 million, a price-to-earnings ratio of -4.06 and a beta of 0.23.

Insider Buying and Selling at Hallador Energy

In other Hallador Energy news, Director Charles Ray Iv Wesley purchased 20,000 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The shares were purchased at an average cost of $17.83 per share, with a total value of $356,600.00. Following the completion of the purchase, the director owned 267,914 shares in the company, valued at approximately $4,776,906.62. This represents a 8.07% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 23.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HNRG. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hallador Energy in a research report on Thursday, January 22nd. Zacks Research cut shares of Hallador Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. iA Financial set a $28.00 price objective on shares of Hallador Energy in a report on Tuesday, November 11th. Finally, Alliance Global Partners reissued a “buy” rating on shares of Hallador Energy in a research note on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $22.67.

Hallador Energy Profile

Hallador Energy Company is a coal producer and mine operator trading on NASDAQ under the symbol HNRG. The company’s primary business activities center on the production and sale of bituminous thermal coal. Hallador’s operations encompass two surface mines: the Shoal Creek Mine located in southwestern Indiana and the Bull Mountain Mine situated in eastern Montana. Both sites are designed to extract high-quality coal reserves for the power generation market.

Hallador Energy markets its coal primarily to electric utilities and industrial customers across the United States.