Value Aligned Research Advisors LLC Buys 292,577 Shares of Hallador Energy Company $HNRG

Value Aligned Research Advisors LLC increased its position in shares of Hallador Energy Company (NASDAQ:HNRG) by 1,038.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 320,759 shares of the energy company’s stock after acquiring an additional 292,577 shares during the quarter. Value Aligned Research Advisors LLC owned about 0.73% of Hallador Energy worth $6,277,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. bought a new stake in shares of Hallador Energy in the second quarter worth about $18,735,000. CenterBook Partners LP grew its position in shares of Hallador Energy by 2,371.9% in the 2nd quarter. CenterBook Partners LP now owns 786,671 shares of the energy company’s stock valued at $12,453,000 after purchasing an additional 754,846 shares during the period. Millennium Management LLC grew its position in shares of Hallador Energy by 1,745.5% in 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 period. Prudential Financial Inc. bought a new stake in Hallador Energy during the 2nd quarter worth approximately $6,910,000. Finally, JPMorgan Chase & Co. increased its stake in Hallador Energy by 1,893.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 244,878 shares of the energy company’s stock worth $3,876,000 after purchasing an additional 232,594 shares in the last quarter. Institutional investors and hedge funds own 61.38% of the company’s stock.

Hallador Energy Trading Down 2.0%

NASDAQ:HNRG opened at $16.42 on Thursday. Hallador Energy Company has a twelve month low of $9.25 and a twelve month high of $24.70. The company has a quick ratio of 0.23, a current ratio of 0.81 and a debt-to-equity ratio of 0.19. The business has a 50 day moving average price of $18.99 and a two-hundred day moving average price of $19.43. The company has a market cap of $772.07 million, a P/E ratio of 17.10 and a beta of 0.22.

Hallador Energy (NASDAQ:HNRG) last issued its quarterly earnings results on Thursday, March 12th. The energy company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). The company had revenue of $101.94 million during the quarter, compared to analysts’ expectations of $105.48 million. Hallador Energy had a net margin of 8.92% and a return on equity of 30.82%. As a group, analysts expect that Hallador Energy Company will post -0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

HNRG has been the topic of a number of research reports. B. Riley Financial raised shares of Hallador Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $23.00 to $27.00 in a research note on Friday, March 13th. Zacks Research downgraded shares of Hallador Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Hallador Energy in a report on Thursday, January 22nd. Finally, Wall Street Zen lowered shares of Hallador Energy from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Hallador Energy has an average rating of “Moderate Buy” and an average price target of $26.00.

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.