Galaxy Digital Inc. Takes Position in Hallador Energy Company $HNRG

Galaxy Digital Inc. acquired a new stake in shares of Hallador Energy Company (NASDAQ:HNRG) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 100,000 shares of the energy company’s stock, valued at approximately $1,628,000. Hallador Energy comprises approximately 0.1% of Galaxy Digital Inc.’s portfolio, making the stock its 28th largest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HNRG. Monashee Investment Management LLC acquired a new position in Hallador Energy in the 1st quarter valued at about $1,465,000. Lubar & Co. Inc acquired a new stake in shares of Hallador Energy during the 4th quarter worth about $103,806,000. Jackson Creek Investment Advisors LLC acquired a new stake in shares of Hallador Energy during the 4th quarter worth about $1,363,000. Apis Capital Advisors LLC grew its holdings in shares of Hallador Energy by 7.0% during the fourth quarter. Apis Capital Advisors LLC now owns 914,000 shares of the energy company’s stock worth $17,403,000 after buying an additional 60,000 shares in the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new stake in shares of Hallador Energy during the fourth quarter worth about $2,660,000. Hedge funds and other institutional investors own 61.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HNRG. Weiss Ratings raised shares of Hallador Energy from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Wall Street Zen upgraded shares of Hallador Energy from a “strong sell” rating to a “sell” rating in a research report on Sunday, June 28th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $26.62.

Insider Transactions at Hallador Energy

In related news, Director Daniel Timothy Hudson bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The shares were acquired at an average cost of $16.94 per share, with a total value of $169,400.00. Following the completion of the transaction, the director owned 15,000 shares of the company’s stock, valued at approximately $254,100. The trade was a 200.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Charles Ray Iv Wesley bought 15,000 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was bought at an average price of $16.69 per share, with a total value of $250,350.00. Following the completion of the acquisition, the director owned 338,469 shares of the company’s stock, valued at $5,649,047.61. This trade represents a 4.64% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have bought 35,000 shares of company stock valued at $589,170. Corporate insiders own 17.43% of the company’s stock.

Hallador Energy Trading Down 5.0%

Hallador Energy stock opened at $15.24 on Friday. The stock has a fifty day moving average price of $17.31 and a 200 day moving average price of $17.75. Hallador Energy Company has a 52 week low of $14.68 and a 52 week high of $24.70. The firm has a market capitalization of $718.26 million, a P/E ratio of 28.76 and a beta of 0.24.

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 analysts’ consensus estimates 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 return on equity of 14.25% and a net margin of 4.98%. As a group, equities analysts predict that Hallador Energy Company will post 0.16 EPS for the current year.

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.