Hallador Energy (NASDAQ:HNRG) Shares Acquired by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. boosted its holdings in Hallador Energy (NASDAQ:HNRG) by 87.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 140,950 shares of the energy company’s stock after buying an additional 65,850 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Hallador Energy were worth $1,329,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. CWM LLC grew its holdings in Hallador Energy by 154.4% in the 3rd quarter. CWM LLC now owns 8,227 shares of the energy company’s stock valued at $78,000 after buying an additional 4,993 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in Hallador Energy in the second quarter valued at approximately $78,000. Exchange Traded Concepts LLC increased its position in Hallador Energy by 66.4% during the third quarter. Exchange Traded Concepts LLC now owns 10,357 shares of the energy company’s stock worth $98,000 after purchasing an additional 4,132 shares during the last quarter. SG Americas Securities LLC purchased a new position in Hallador Energy during the third quarter worth approximately $100,000. Finally, Net Worth Advisory Group purchased a new position in Hallador Energy during the third quarter worth approximately $162,000. 61.38% of the stock is currently owned by hedge funds and other institutional investors.

Hallador Energy Stock Up 3.3 %

HNRG opened at $13.34 on Friday. Hallador Energy has a 1 year low of $4.33 and a 1 year high of $13.57. The firm has a 50 day moving average price of $9.99 and a 200 day moving average price of $8.12. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.17 and a current ratio of 0.58. The company has a market cap of $568.55 million, a PE ratio of -24.25 and a beta of 0.62.

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. StockNews.com cut shares of Hallador Energy from a “hold” rating to a “sell” rating in a research note on Sunday, August 18th. B. Riley boosted their price target on Hallador Energy from $9.00 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th.

Insider Activity at Hallador Energy

In other news, Director Zarrell Thomas Gray bought 14,000 shares of Hallador Energy stock in a transaction dated Monday, August 26th. The shares were acquired at an average cost of $6.36 per share, with a total value of $89,040.00. Following the completion of the transaction, the director now owns 47,000 shares in the company, valued at approximately $298,920. This trade represents a 42.42 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charles Ray Iv Wesley purchased 25,000 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average cost of $5.97 per share, with a total value of $149,250.00. Following the completion of the acquisition, the director now owns 184,302 shares in the company, valued at approximately $1,100,282.94. This represents a 15.69 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders purchased 41,000 shares of company stock worth $251,290 and sold 83,196 shares worth $1,079,078. 32.30% of the stock is owned by insiders.

About Hallador Energy

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.