Sierra Summit Advisors LLC Buys New Position in Hallador Energy Company $HNRG

Sierra Summit Advisors LLC purchased a new stake in Hallador Energy Company (NASDAQ:HNRG) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 54,384 shares of the energy company’s stock, valued at approximately $1,064,000. Sierra Summit Advisors LLC owned about 0.13% of Hallador Energy as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in shares of Hallador Energy during the second quarter valued at about $27,000. State of Alaska Department of Revenue purchased a new stake in Hallador Energy during the 3rd quarter worth approximately $32,000. EverSource Wealth Advisors LLC increased its stake in Hallador Energy by 11,110.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company’s stock valued at $34,000 after purchasing an additional 2,111 shares in the last quarter. Ameritas Investment Partners Inc. raised its holdings in shares of Hallador Energy by 68.0% in the second quarter. Ameritas Investment Partners Inc. now owns 3,169 shares of the energy company’s stock worth $50,000 after buying an additional 1,283 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Hallador Energy by 294.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,180 shares of the energy company’s stock worth $50,000 after buying an additional 2,374 shares during the last quarter. Institutional investors and hedge funds own 61.38% of the company’s stock.

Insider Transactions at Hallador Energy

In related news, Director Charles Ray Iv Wesley acquired 20,000 shares of the stock in a transaction on Wednesday, December 17th. The shares were acquired at an average price of $17.83 per share, for a total transaction of $356,600.00. Following the transaction, the director owned 267,914 shares in the company, valued at approximately $4,776,906.62. This trade represents a 8.07% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 23.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Alliance Global Partners reissued a “buy” rating on shares of Hallador Energy in a report on Tuesday, November 11th. iA Financial set a $28.00 price target on Hallador Energy in a research note on Tuesday, November 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Hallador Energy in a report on Thursday, January 22nd. Finally, Zacks Research downgraded Hallador Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $22.67.

Hallador Energy Price Performance

Shares of HNRG opened at $18.18 on Friday. The business’s 50-day moving average is $19.20 and its two-hundred day moving average is $19.25. The company has a market capitalization of $796.83 million, a P/E ratio of -4.06 and a beta of 0.23. Hallador Energy Company has a fifty-two week low of $8.37 and a fifty-two week high of $24.70. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.31 and a current ratio of 0.66.

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.