Squarepoint Ops LLC Buys 66,691 Shares of Hallador Energy Company $HNRG

Squarepoint Ops LLC raised its stake in shares of Hallador Energy Company (NASDAQ:HNRG) by 241.1% in the second quarter, Holdings Channel reports. The institutional investor owned 94,355 shares of the energy company’s stock after buying an additional 66,691 shares during the quarter. Squarepoint Ops LLC’s holdings in Hallador Energy were worth $1,494,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in Hallador Energy during the second quarter worth about $27,000. EverSource Wealth Advisors LLC raised its position in shares of 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 buying an additional 2,111 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of Hallador Energy by 68.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,169 shares of the energy company’s stock worth $50,000 after acquiring an additional 1,283 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in 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 valued at $50,000 after acquiring an additional 2,374 shares during the last quarter. Finally, Hilltop National Bank purchased a new stake in Hallador Energy during the second quarter valued at about $71,000. Institutional investors own 61.38% of the company’s stock.

Wall Street Analysts Forecast Growth

HNRG has been the topic of several recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hallador Energy in a research report on Wednesday, October 8th. Industrial Alliance Securities set a $28.00 price objective on shares of Hallador Energy in a report on Tuesday, November 11th. Zacks Research raised shares of Hallador Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, November 24th. Alliance Global Partners reiterated a “buy” rating on shares of Hallador Energy in a research report on Tuesday, November 11th. Finally, Wall Street Zen upgraded Hallador Energy from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $22.67.

Hallador Energy Stock Performance

Shares of HNRG stock opened at $19.30 on Friday. The firm has a market capitalization of $846.09 million, a price-to-earnings ratio of -4.31 and a beta of 0.34. The stock has a fifty day moving average of $20.49 and a 200 day moving average of $18.30. Hallador Energy Company has a 52 week low of $8.37 and a 52 week high of $24.70. The company has a quick ratio of 0.31, a current ratio of 0.66 and a debt-to-equity ratio of 0.02.

Hallador Energy (NASDAQ:HNRG) last issued its quarterly earnings data on Monday, November 10th. The energy company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.06 by $0.49. Hallador Energy had a negative net margin of 37.57% and a positive return on equity of 33.97%. The business had revenue of $146.85 million during the quarter, compared to analyst estimates of $110.92 million. As a group, research analysts expect that Hallador Energy Company will post -0.31 earnings per share for the current year.

Insider Activity

In other news, Director Charles Ray Iv Wesley bought 20,000 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was purchased at an average price of $17.83 per share, with a total value of $356,600.00. Following the transaction, the director owned 267,914 shares of the company’s stock, valued at approximately $4,776,906.62. The trade was a 8.07% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David C. Hardie sold 100,000 shares of Hallador Energy stock in a transaction that occurred 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 sale, the director owned 21,072 shares in the company, valued at $411,536.16. This represents a 82.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 372,062 shares of company stock valued at $7,232,705 over the last 90 days. 23.73% of the stock is currently owned by company insiders.

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.