Russell Investments Group Ltd. lifted its holdings in Hallador Energy Co (NASDAQ:HNRG) by 38.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 69,377 shares of the energy company’s stock after buying an additional 19,272 shares during the quarter. Russell Investments Group Ltd.’s holdings in Hallador Energy were worth $249,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Hancock Whitney Corp grew its holdings in Hallador Energy by 17.8% during the 3rd quarter. Hancock Whitney Corp now owns 39,644 shares of the energy company’s stock valued at $144,000 after purchasing an additional 6,000 shares in the last quarter. Oldfield Partners LLP grew its holdings in Hallador Energy by 16.1% during the 3rd quarter. Oldfield Partners LLP now owns 155,178 shares of the energy company’s stock valued at $562,000 after purchasing an additional 21,508 shares in the last quarter. Strs Ohio grew its holdings in Hallador Energy by 5.4% during the 3rd quarter. Strs Ohio now owns 101,400 shares of the energy company’s stock valued at $367,000 after purchasing an additional 5,200 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in Hallador Energy by 44.3% during the 3rd quarter. Meeder Asset Management Inc. now owns 15,263 shares of the energy company’s stock valued at $55,000 after purchasing an additional 4,685 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in Hallador Energy during the 2nd quarter valued at $235,000. 44.86% of the stock is owned by institutional investors.
A number of equities research analysts recently weighed in on HNRG shares. ValuEngine lowered shares of Hallador Energy from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Zacks Investment Research raised shares of Hallador Energy from a “strong sell” rating to a “hold” rating in a report on Saturday, November 9th. Finally, B. Riley set a $10.00 price target on shares of Hallador Energy and gave the company a “buy” rating in a report on Friday, October 25th.
Shares of HNRG stock opened at $2.97 on Tuesday. The firm has a market cap of $89.84 million, a P/E ratio of 11.88 and a beta of 0.02. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.22 and a quick ratio of 0.65. Hallador Energy Co has a 1-year low of $2.47 and a 1-year high of $6.04. The firm has a fifty day moving average of $3.08 and a two-hundred day moving average of $4.45.
Hallador Energy (NASDAQ:HNRG) last announced its quarterly earnings data on Monday, November 4th. The energy company reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.20). The company had revenue of $83.10 million for the quarter, compared to analyst estimates of $82.40 million. Hallador Energy had a return on equity of 1.69% and a net margin of 0.76%. On average, sell-side analysts expect that Hallador Energy Co will post 0.05 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 5.39%. The ex-dividend date of this dividend was Wednesday, October 30th. Hallador Energy’s dividend payout ratio is currently 64.00%.
In related news, Director David C. Hardie acquired 30,380 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was bought at an average cost of $3.29 per share, with a total value of $99,950.20. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 33.40% of the stock is owned by company insiders.
Hallador Energy Company Profile
Hallador Energy Company, through its subsidiaries, engages in the mining, production, and sale of steam coal for the electric power generation industry in the United States. The company holds interests in the Oaktown 1 mine underground mine located in Knox County, Indiana; the Oaktown 2 mine located in Knox County, Indiana and Lawrence County, Illinois; Carlisle underground coal mine located near the town of Carlisle, Indiana; and Ace in the Hole mine located near Clay City, Indiana.
Further Reading: Analyst Ratings Trading
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