Hallador Energy (NASDAQ:HNRG) Trading Down 5.9% on Insider Selling

Hallador Energy (NASDAQ:HNRG)’s stock price was down 5.9% on Wednesday following insider selling activity. The stock traded as low as $12.59 and last traded at $12.69. Approximately 187,606 shares changed hands during trading, a decline of 61% from the average daily volume of 479,704 shares. The stock had previously closed at $13.49.

Specifically, Director David C. Hardie sold 18,775 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $13.02, for a total value of $244,450.50. Following the transaction, the director now directly owns 2,022,713 shares of the company’s stock, valued at $26,335,723.26. This represents a 0.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David C. Hardie sold 2,553 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $13.01, for a total value of $33,214.53. Following the sale, the director now owns 2,041,488 shares of the company’s stock, valued at approximately $26,559,758.88. This trade represents a 0.12 % decrease in their position. The disclosure for this sale can be found here.

Analyst Ratings Changes

Several analysts have recently issued reports on HNRG shares. Alliance Global Partners started coverage on Hallador Energy in a research note on Monday. They set a “buy” rating and a $17.00 price target for the company. StockNews.com downgraded Hallador Energy from a “hold” rating to a “sell” rating in a research note on Sunday, August 18th. Finally, B. Riley increased their target price on Hallador Energy from $9.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th.

Hallador Energy Price Performance

The stock has a fifty day moving average of $11.04 and a two-hundred day moving average of $8.62. The stock has a market capitalization of $540.85 million, a price-to-earnings ratio of -24.53 and a beta of 0.68. The company has a current ratio of 0.58, a quick ratio of 0.17 and a debt-to-equity ratio of 0.16.

Hallador Energy (NASDAQ:HNRG) last posted its quarterly earnings results 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. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. The business had revenue of $105.04 million for the quarter, compared to analyst estimates of $117.10 million. During the same period last year, the company earned $0.47 EPS. As a group, equities research analysts forecast that Hallador Energy will post -0.31 earnings per share for the current year.

Hedge Funds Weigh In On Hallador Energy

Several institutional investors and hedge funds have recently made changes to their positions in HNRG. Point72 Asset Management L.P. acquired a new stake in Hallador Energy during the second quarter worth approximately $2,197,000. Pekin Hardy Strauss Inc. increased its position in Hallador Energy by 87.7% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 140,950 shares of the energy company’s stock valued at $1,329,000 after buying an additional 65,850 shares in the last quarter. ClariVest Asset Management LLC bought a new stake in Hallador Energy during the 2nd quarter worth approximately $735,000. Empyrean Capital Partners LP purchased a new position in shares of Hallador Energy in the 2nd quarter worth approximately $3,885,000. Finally, B. Riley Wealth Advisors Inc. lifted its stake in Hallador Energy by 3,171.7% in the second quarter. B. Riley Wealth Advisors Inc. now owns 376,250 shares of the energy company’s stock valued at $2,923,000 after purchasing an additional 364,750 shares during the last quarter. Institutional investors and hedge funds own 61.38% of the company’s stock.

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.