Hillsdale Investment Management Inc. Invests $2.66 Million in Hallador Energy Company $HNRG

Hillsdale Investment Management Inc. purchased a new position in Hallador Energy Company (NASDAQ:HNRG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 139,700 shares of the energy company’s stock, valued at approximately $2,660,000. Hillsdale Investment Management Inc. owned about 0.32% of Hallador Energy at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Lubar & Co. Inc bought a new stake in Hallador Energy during the fourth quarter worth about $103,806,000. Ameriprise Financial Inc. bought a new position in shares of Hallador Energy during the 2nd quarter valued at about $18,735,000. Millennium Management LLC increased its position in shares of Hallador Energy by 1,745.5% during the 3rd quarter. Millennium Management LLC now owns 525,080 shares of the energy company’s stock valued at $10,276,000 after purchasing an additional 496,628 shares during the last quarter. Value Aligned Research Advisors LLC increased its position in shares of Hallador Energy by 1,038.2% during the 3rd quarter. Value Aligned Research Advisors LLC now owns 320,759 shares of the energy company’s stock valued at $6,277,000 after purchasing an additional 292,577 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Hallador Energy by 1,893.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 244,878 shares of the energy company’s stock valued at $3,876,000 after purchasing an additional 232,594 shares during the last quarter. Institutional investors own 61.38% of the company’s stock.

Hallador Energy Price Performance

Shares of HNRG opened at $19.26 on Monday. The stock has a market capitalization of $907.72 million, a P/E ratio of 36.34 and a beta of 0.22. The firm has a fifty day simple moving average of $17.04 and a two-hundred day simple moving average of $18.62. Hallador Energy Company has a twelve month low of $14.42 and a twelve month high of $24.70.

Hallador Energy (NASDAQ:HNRG) last announced its quarterly earnings results on Wednesday, May 6th. The energy company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.04). The firm had revenue of $101.81 million for the quarter, compared to analysts’ expectations of $102.28 million. Hallador Energy had a net margin of 4.98% and a return on equity of 14.25%. Sell-side analysts expect that Hallador Energy Company will post 0.16 EPS for the current fiscal year.

Analyst Ratings Changes

HNRG has been the topic of several recent research reports. Northland Securities increased their price objective on Hallador Energy from $29.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, March 26th. Wall Street Zen raised shares of Hallador Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 23rd. Jefferies Financial Group raised shares of Hallador Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 26th. B. Riley Financial raised shares of Hallador Energy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $23.00 to $27.00 in a research note on Friday, March 13th. Finally, Weiss Ratings raised shares of Hallador Energy from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Hallador Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.63.

About Hallador Energy

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.