Insider Selling: Hallador Energy (NASDAQ:HNRG) Director Sells 23,604 Shares of Stock

Hallador Energy (NASDAQ:HNRG) Director David C. Hardie sold 23,604 shares of Hallador Energy stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $13.11, for a total transaction of $309,448.44. Following the completion of the transaction, the director now owns 2,106,819 shares of the company’s stock, valued at $27,620,397.09. This represents a 1.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Hallador Energy Price Performance

HNRG stock traded up $0.06 during midday trading on Wednesday, hitting $12.95. The company’s stock had a trading volume of 407,279 shares, compared to its average volume of 485,980. The company has a quick ratio of 0.17, a current ratio of 0.58 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $551.93 million, a price-to-earnings ratio of -23.55 and a beta of 0.62. Hallador Energy has a 12 month low of $4.33 and a 12 month high of $13.57. The company has a 50 day moving average of $9.58 and a two-hundred day moving average of $7.98.

Hallador Energy (NASDAQ:HNRG) last issued its quarterly earnings data on Tuesday, November 12th. The energy company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.14. The company had revenue of $105.04 million for the quarter, compared to the consensus estimate of $117.10 million. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. During the same quarter last year, the company earned $0.47 earnings per share. On average, analysts expect that Hallador Energy will post -0.31 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Empyrean Capital Partners LP purchased a new position in Hallador Energy in the 2nd quarter valued at approximately $3,885,000. Taconic Capital Advisors LP acquired a new stake in shares of Hallador Energy during the 3rd quarter valued at $4,147,000. B. Riley Wealth Advisors Inc. raised its holdings in shares of Hallador Energy by 3,171.7% during the second quarter. B. Riley Wealth Advisors Inc. now owns 376,250 shares of the energy company’s stock worth $2,923,000 after acquiring an additional 364,750 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Hallador Energy in the second quarter valued at about $2,197,000. Finally, Stifel Financial Corp lifted its stake in Hallador Energy by 959.7% during the third quarter. Stifel Financial Corp now owns 264,976 shares of the energy company’s stock worth $2,499,000 after purchasing an additional 239,972 shares during the period. Hedge funds and other institutional investors own 61.38% of the company’s stock.

Analyst Upgrades and Downgrades

HNRG has been the topic of several analyst reports. StockNews.com downgraded shares of Hallador Energy from a “hold” rating to a “sell” rating in a research note on Sunday, August 18th. B. Riley boosted their target price on shares of Hallador Energy from $9.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, November 13th.

Hallador Energy Company Profile

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.