Pekin Hardy Strauss Inc. Takes $584,000 Position in Hallador Energy (NASDAQ:HNRG)

Pekin Hardy Strauss Inc. acquired a new stake in Hallador Energy (NASDAQ:HNRG) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 75,100 shares of the energy company’s stock, valued at approximately $584,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Norden Group LLC purchased a new stake in Hallador Energy during the first quarter worth approximately $55,000. Privium Fund Management UK Ltd purchased a new stake in Hallador Energy during the first quarter worth approximately $64,000. Principal Financial Group Inc. purchased a new stake in Hallador Energy during the first quarter worth approximately $71,000. Victory Capital Management Inc. purchased a new stake in Hallador Energy during the fourth quarter worth approximately $99,000. Finally, Teacher Retirement System of Texas purchased a new stake in Hallador Energy during the fourth quarter worth approximately $144,000. Hedge funds and other institutional investors own 61.38% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. B. Riley upgraded Hallador Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $8.00 to $9.00 in a research note on Thursday, May 30th. StockNews.com cut Hallador Energy from a “hold” rating to a “sell” rating in a research note on Sunday, August 18th.

Hallador Energy Trading Up 0.6 %

HNRG opened at $6.44 on Wednesday. The firm has a market cap of $238.45 million, a price-to-earnings ratio of 10.92 and a beta of 0.59. Hallador Energy has a 52 week low of $4.33 and a 52 week high of $15.79. The business’s 50 day moving average is $6.89 and its two-hundred day moving average is $6.62. The company has a quick ratio of 0.16, a current ratio of 0.53 and a debt-to-equity ratio of 0.11.

Hallador Energy (NASDAQ:HNRG) last released its quarterly earnings results on Tuesday, August 6th. The energy company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.19). The firm had revenue of $90.91 million for the quarter, compared to analyst estimates of $108.00 million. Hallador Energy had a negative return on equity of 1.48% and a negative net margin of 1.25%. During the same period last year, the firm earned $0.47 EPS. On average, research analysts predict that Hallador Energy will post -0.41 EPS for the current year.

Insiders Place Their Bets

In other news, Director Charles Ray Iv Wesley purchased 25,000 shares of the business’s stock in a transaction on Friday, September 6th. The shares were bought at an average price of $5.97 per share, with a total value of $149,250.00. Following the completion of the transaction, the director now directly owns 184,302 shares in the company, valued at approximately $1,100,282.94. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Zarrell Thomas Gray bought 10,000 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were acquired at an average price of $5.50 per share, with a total value of $55,000.00. Following the completion of the acquisition, the director now owns 23,000 shares in the company, valued at approximately $126,500. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Charles Ray Iv Wesley bought 25,000 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was bought at an average cost of $5.97 per share, for a total transaction of $149,250.00. Following the acquisition, the director now owns 184,302 shares of the company’s stock, valued at approximately $1,100,282.94. The disclosure for this purchase can be found here. Insiders have bought a total of 62,000 shares of company stock valued at $370,840 over the last quarter. Company insiders own 32.30% of the company’s stock.

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.