Apis Capital Advisors LLC Has $17.40 Million Stake in Hallador Energy Company $HNRG

Apis Capital Advisors LLC raised its position in shares of Hallador Energy Company (NASDAQ:HNRG) by 7.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 914,000 shares of the energy company’s stock after buying an additional 60,000 shares during the period. Hallador Energy comprises 3.0% of Apis Capital Advisors LLC’s portfolio, making the stock its 13th biggest position. Apis Capital Advisors LLC’s holdings in Hallador Energy were worth $17,403,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of HNRG. Lubar & Co. Inc bought a new stake in shares of Hallador Energy during the fourth quarter valued at approximately $103,806,000. American Century Companies Inc. grew its stake in shares of Hallador Energy by 10.6% during the third quarter. American Century Companies Inc. now owns 1,184,873 shares of the energy company’s stock valued at $23,188,000 after purchasing an additional 113,547 shares during the last quarter. Ameriprise Financial Inc. bought a new stake in shares of Hallador Energy during the second quarter valued at approximately $18,735,000. Dimensional Fund Advisors LP grew its stake in shares of Hallador Energy by 4.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 913,202 shares of the energy company’s stock valued at $17,387,000 after purchasing an additional 40,245 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Hallador Energy by 5.2% during the fourth quarter. Geode Capital Management LLC now owns 825,105 shares of the energy company’s stock valued at $15,714,000 after purchasing an additional 40,980 shares during the last quarter. Institutional investors and hedge funds own 61.38% of the company’s stock.

Hallador Energy Trading Up 2.1%

Shares of HNRG stock opened at $17.67 on Thursday. Hallador Energy Company has a 1 year low of $14.42 and a 1 year high of $24.70. The firm’s fifty day moving average price is $17.23 and its two-hundred day moving average price is $18.32. The firm has a market capitalization of $832.79 million, a P/E ratio of 33.34 and a beta of 0.22.

Hallador Energy (NASDAQ:HNRG) last issued its quarterly earnings results on Wednesday, May 6th. The energy company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.04). The business had revenue of $101.81 million during the quarter, compared to analyst estimates of $102.28 million. Hallador Energy had a net margin of 4.98% and a return on equity of 14.25%. As a group, equities research analysts forecast that Hallador Energy Company will post 0.16 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wall Street Zen raised shares of Hallador Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 23rd. B. Riley Financial raised shares of Hallador Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $23.00 to $27.00 in a research note on Friday, March 13th. Weiss Ratings raised shares of Hallador Energy from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Jefferies Financial Group raised shares of Hallador Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 26th. Finally, Northland Securities raised their price objective on shares of Hallador Energy from $29.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $26.63.

Insider Activity

In other news, Director Charles Ray Iv Wesley bought 15,000 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were bought at an average cost of $16.69 per share, with a total value of $250,350.00. Following the acquisition, the director owned 338,469 shares in the company, valued at $5,649,047.61. This trade represents a 4.64% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 17.43% of the company’s stock.

Hallador Energy 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.