Schwab Charles Investment Management Inc. Invests $219,000 in Hallador Energy Company (HNRG)
Schwab Charles Investment Management Inc. bought a new position in shares of Hallador Energy Company (NASDAQ:HNRG) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 28,100 shares of the energy company’s stock, valued at approximately $219,000. Schwab Charles Investment Management Inc. owned 0.10% of Hallador Energy at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in HNRG. Dimensional Fund Advisors LP raised its stake in shares of Hallador Energy by 41.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 578,874 shares of the energy company’s stock worth $4,637,000 after buying an additional 170,342 shares during the period. Renaissance Technologies LLC increased its position in shares of Hallador Energy by 92.6% during the first quarter. Renaissance Technologies LLC now owns 332,200 shares of the energy company’s stock worth $2,661,000 after purchasing an additional 159,700 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Hallador Energy by 19.9% during the first quarter. Vanguard Group Inc. now owns 900,005 shares of the energy company’s stock worth $7,209,000 after purchasing an additional 149,153 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Hallador Energy by 299.1% during the first quarter. Goldman Sachs Group Inc. now owns 132,609 shares of the energy company’s stock worth $1,062,000 after purchasing an additional 99,378 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of Hallador Energy by 22.9% during the first quarter. Morgan Stanley now owns 464,723 shares of the energy company’s stock worth $3,722,000 after purchasing an additional 86,609 shares in the last quarter. 57.31% of the stock is owned by institutional investors and hedge funds.
Shares of Hallador Energy Company (NASDAQ:HNRG) opened at $5.48 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.91 and a current ratio of 1.40. Hallador Energy Company has a 12-month low of $4.79 and a 12-month high of $10.02. The company has a market capitalization of $163.36, a P/E ratio of 6.60 and a beta of -0.54.
Hallador Energy (NASDAQ:HNRG) last issued its quarterly earnings results on Monday, November 6th. The energy company reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.01. Hallador Energy had a return on equity of 10.92% and a net margin of 2.88%. The firm had revenue of $74.50 million during the quarter. analysts predict that Hallador Energy Company will post 0.46 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Tuesday, October 31st will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Monday, October 30th. Hallador Energy’s payout ratio is 61.54%.
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HNRG has been the subject of several research reports. B. Riley reiterated a “buy” rating and set a $10.00 price target (down from $11.00) on shares of Hallador Energy in a research report on Wednesday, November 8th. ValuEngine cut Hallador Energy from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 14th. Finally, Zacks Investment Research upgraded Hallador Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th.
Hallador Energy Profile
Hallador Energy Company is an oil and gas exploration company focused on developing coal reserves in the Illinois Basin. The Company, through its subsidiary, Sunrise Coal, LLC, is engaged in coal mining in the state of Indiana serving the electric power generation industry. Its projects include Carlisle Mine, Ace in the Hole Mine, Oaktown 1 Mine, Oaktown 2 Mine and Bulldog Mine.
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