David Hardie Sells 100,000 Shares of Hallador Energy (NASDAQ:HNRG) Stock

Hallador Energy Company (NASDAQ:HNRG) Director David Hardie sold 100,000 shares of the company’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $19.53, for a total value of $1,953,000.00. Following the transaction, the director directly owned 46,072 shares in the company, valued at approximately $899,786.16. The trade was a 68.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Hallador Energy Stock Performance

Shares of NASDAQ HNRG opened at $18.71 on Friday. The firm’s 50-day moving average price is $17.69 and its 200-day moving average price is $16.05. Hallador Energy Company has a 52-week low of $8.13 and a 52-week high of $22.01. The company has a market cap of $804.72 million, a PE ratio of -3.75 and a beta of 0.39. The company has a quick ratio of 0.26, a current ratio of 0.67 and a debt-to-equity ratio of 0.25.

Hallador Energy (NASDAQ:HNRG) last issued its quarterly earnings data on Monday, August 11th. The energy company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.34. Hallador Energy had a negative net margin of 46.61% and a positive return on equity of 11.58%. The company had revenue of $102.89 million for the quarter, compared to the consensus estimate of $91.73 million. As a group, analysts anticipate that Hallador Energy Company will post -0.31 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Deutsche Bank AG raised its stake in Hallador Energy by 36.5% during the 4th quarter. Deutsche Bank AG now owns 18,207 shares of the energy company’s stock worth $208,000 after acquiring an additional 4,872 shares during the period. Two Sigma Investments LP increased its stake in shares of Hallador Energy by 53.4% in the fourth quarter. Two Sigma Investments LP now owns 19,531 shares of the energy company’s stock worth $224,000 after purchasing an additional 6,800 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Hallador Energy by 1,391.0% during the 1st quarter. GAMMA Investing LLC now owns 6,128 shares of the energy company’s stock valued at $750,000 after purchasing an additional 5,717 shares during the period. Rhumbline Advisers lifted its stake in shares of Hallador Energy by 2.5% during the 1st quarter. Rhumbline Advisers now owns 37,607 shares of the energy company’s stock valued at $462,000 after buying an additional 935 shares in the last quarter. Finally, SummerHaven Investment Management LLC boosted its holdings in Hallador Energy by 1.3% in the 1st quarter. SummerHaven Investment Management LLC now owns 106,750 shares of the energy company’s stock worth $1,311,000 after buying an additional 1,340 shares during the period. 61.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HNRG has been the topic of a number of research reports. Citigroup downgraded Hallador Energy to a “neutral” rating in a research note on Tuesday, August 12th. Wall Street Zen raised Hallador Energy from a “hold” rating to a “buy” rating in a report on Saturday, September 6th. Zacks Research upgraded Hallador Energy to a “strong-buy” rating in a research note on Friday, September 12th. Finally, B. Riley lowered shares of Hallador Energy from a “buy” rating to a “neutral” rating and upped their price target for the company from $15.00 to $17.00 in a research report on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Hallador Energy currently has a consensus rating of “Buy” and an average target price of $19.00.

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.