Taconic Capital Advisors LP Takes Position in Hallador Energy (NASDAQ:HNRG)

Taconic Capital Advisors LP acquired a new stake in shares of Hallador Energy (NASDAQ:HNRG) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 439,724 shares of the energy company’s stock, valued at approximately $4,147,000. Hallador Energy comprises approximately 2.2% of Taconic Capital Advisors LP’s holdings, making the stock its 7th biggest holding. Taconic Capital Advisors LP owned about 1.03% of Hallador Energy as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. American Century Companies Inc. boosted its holdings in Hallador Energy by 7.6% in the second quarter. American Century Companies Inc. now owns 555,879 shares of the energy company’s stock valued at $4,319,000 after purchasing an additional 39,032 shares during the last quarter. Empyrean Capital Partners LP acquired a new position in shares of Hallador Energy during the 2nd quarter worth about $3,885,000. B. Riley Wealth Advisors Inc. raised its position in shares of Hallador Energy by 3,171.7% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 376,250 shares of the energy company’s stock worth $2,923,000 after purchasing an additional 364,750 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Hallador Energy during the 2nd quarter worth about $2,197,000. Finally, Empowered Funds LLC raised its position in shares of Hallador Energy by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 221,897 shares of the energy company’s stock worth $2,092,000 after purchasing an additional 11,256 shares during the last quarter. 61.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. StockNews.com downgraded shares of Hallador Energy from a “hold” rating to a “sell” rating in a research report on Sunday, August 18th. B. Riley increased their price target on shares of Hallador Energy from $9.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th.

Insider Buying and Selling

In related news, Director David C. Hardie sold 44,699 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $12.88, for a total transaction of $575,723.12. Following the completion of the transaction, the director now owns 2,130,423 shares of the company’s stock, valued at approximately $27,439,848.24. This trade represents a 2.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Charles Ray Iv Wesley acquired 25,000 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average cost of $5.97 per share, with a total value of $149,250.00. Following the transaction, the director now directly owns 184,302 shares in the company, valued at $1,100,282.94. This trade represents a 15.69 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 83,196 shares of company stock valued at $1,079,078. Company insiders own 32.30% of the company’s stock.

Hallador Energy Stock Performance

Hallador Energy stock opened at $12.25 on Friday. The firm has a 50 day simple moving average of $10.45 and a 200-day simple moving average of $8.28. Hallador Energy has a 1-year low of $4.33 and a 1-year high of $14.00. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.17.

Hallador Energy (NASDAQ:HNRG) last posted its quarterly earnings results on Tuesday, November 12th. The energy company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.14. The business had revenue of $105.04 million during the quarter, compared to analysts’ expectations of $117.10 million. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.71%. During the same quarter in the prior year, the company posted $0.47 EPS. Sell-side analysts anticipate that Hallador Energy will post -0.31 earnings per share for the current year.

Hallador Energy Company Profile

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.