Squarepoint Ops LLC Grows Stock Position in Hallador Energy Company $HNRG

Squarepoint Ops LLC increased its stake in shares of Hallador Energy Company (NASDAQ:HNRG) by 155.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 215,999 shares of the energy company’s stock after purchasing an additional 131,390 shares during the period. Squarepoint Ops LLC’s holdings in Hallador Energy were worth $3,756,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Value Aligned Research Advisors LLC acquired a new stake in Hallador Energy in the 2nd quarter valued at about $5,578,000. Bank of America Corp DE purchased a new position in shares of Hallador Energy in the 2nd quarter valued at about $1,056,000. Jupiter Topco LLC acquired a new position in shares of Hallador Energy during the second quarter worth about $294,000. Canada Pension Plan Investment Board acquired a new position in shares of Hallador Energy during the second quarter worth about $264,000. Finally, Legal & General Group Plc purchased a new stake in shares of Hallador Energy during the second quarter worth approximately $144,000. Hedge funds and other institutional investors own 61.38% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Weiss Ratings cut shares of Hallador Energy from a “hold (c-)” rating to a “sell (d-)” rating in a report on Tuesday, August 18th. Alliance Global Partners raised shares of Hallador Energy to a “strong-buy” rating in a research report on Friday, August 14th. Zacks Research lowered shares of Hallador Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 12th. Northland Securities set a $28.00 price objective on shares of Hallador Energy in a research report on Tuesday, August 11th. Finally, Wall Street Zen cut Hallador Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 15th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $25.12.

Insider Buying and Selling at Hallador Energy

In related news, Director Ray Wesley bought 15,000 shares of the stock in a transaction dated Tuesday, June 16th. The stock was acquired at an average price of $16.69 per share, for a total transaction of $250,350.00. Following the acquisition, the director owned 338,469 shares in the company, valued at approximately $5,649,047.61. This represents a 4.64% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Daniel Hudson bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The stock was bought at an average cost of $16.94 per share, for a total transaction of $169,400.00. Following the completion of the transaction, the director directly owned 15,000 shares in the company, valued at approximately $254,100. The trade was a 200.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders bought 35,000 shares of company stock valued at $589,170. Company insiders own 17.43% of the company’s stock.

Hallador Energy Price Performance

HNRG stock opened at $15.34 on Friday. The business has a 50 day moving average price of $15.85 and a 200 day moving average price of $16.87. The company has a quick ratio of 0.24, a current ratio of 0.72 and a debt-to-equity ratio of 0.21. The stock has a market cap of $723.17 million, a price-to-earnings ratio of 767.00 and a beta of 0.31. Hallador Energy Company has a fifty-two week low of $13.65 and a fifty-two week high of $24.70.

Hallador Energy (NASDAQ:HNRG) last announced its quarterly earnings results on Monday, August 10th. The energy company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.20). Hallador Energy had a negative net margin of 0.20% and a negative return on equity of 0.52%. The company had revenue of $101.51 million during the quarter, compared to analysts’ expectations of $90.33 million. Equities research analysts anticipate that Hallador Energy Company will post -0.29 earnings per share for the current fiscal year.

Hallador Energy Company 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.