Kingswood Wealth Advisors LLC Has $130,000 Stock Holdings in Hecla Mining Company $HL

Kingswood Wealth Advisors LLC decreased its position in Hecla Mining Company (NYSE:HL) by 96.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,720 shares of the basic materials company’s stock after selling 312,374 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Hecla Mining were worth $130,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. USA Financial Formulas acquired a new stake in shares of Hecla Mining during the 3rd quarter worth approximately $25,000. Salomon & Ludwin LLC acquired a new stake in Hecla Mining during the 3rd quarter worth $49,000. Transce3nd LLC bought a new stake in shares of Hecla Mining during the 2nd quarter valued at $25,000. Global Retirement Partners LLC lifted its stake in shares of Hecla Mining by 2,977.5% in the 3rd quarter. Global Retirement Partners LLC now owns 4,247 shares of the basic materials company’s stock valued at $51,000 after purchasing an additional 4,109 shares during the period. Finally, AdvisorNet Financial Inc boosted its position in shares of Hecla Mining by 385.5% in the 3rd quarter. AdvisorNet Financial Inc now owns 4,515 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 3,585 shares during the last quarter. 63.01% of the stock is owned by institutional investors.

Hecla Mining Stock Performance

Shares of HL opened at $24.30 on Wednesday. The firm has a market cap of $16.28 billion, a P/E ratio of 78.39 and a beta of 1.28. Hecla Mining Company has a twelve month low of $4.46 and a twelve month high of $25.48. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.51 and a current ratio of 2.15. The firm’s 50 day moving average price is $17.67 and its two-hundred day moving average price is $12.27.

Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $409.54 million for the quarter, compared to analyst estimates of $315.60 million. Hecla Mining had a net margin of 16.35% and a return on equity of 7.87%. The firm’s quarterly revenue was up 67.1% on a year-over-year basis. During the same period last year, the business posted $0.03 earnings per share. On average, analysts forecast that Hecla Mining Company will post 0.21 EPS for the current fiscal year.

Hecla Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, November 24th were issued a dividend of $0.0038 per share. The ex-dividend date was Monday, November 24th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.1%. Hecla Mining’s dividend payout ratio (DPR) is presently 3.23%.

Insider Buying and Selling

In other news, VP David C. Sienko sold 207,553 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $19.42, for a total transaction of $4,030,679.26. Following the completion of the transaction, the vice president directly owned 906,370 shares of the company’s stock, valued at $17,601,705.40. This trade represents a 18.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Russell Douglas Lawlar sold 148,372 shares of the business’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $15.00, for a total transaction of $2,225,580.00. Following the completion of the sale, the chief financial officer directly owned 347,402 shares in the company, valued at approximately $5,211,030. This represents a 29.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 426,679 shares of company stock worth $7,678,773. 1.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

HL has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Hecla Mining in a report on Monday, December 29th. CIBC upped their price target on Hecla Mining from $15.00 to $16.50 and gave the company a “neutral” rating in a research note on Tuesday, November 25th. HC Wainwright increased their price target on shares of Hecla Mining from $12.50 to $16.50 and gave the company a “buy” rating in a research report on Thursday, November 6th. Roth Capital set a $8.75 price objective on shares of Hecla Mining and gave the company a “sell” rating in a report on Friday, October 3rd. Finally, Wall Street Zen upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating in a report on Sunday, November 2nd. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $10.22.

Hecla Mining Company Profile

Hecla Mining Company, founded in 1891 and headquartered in Coeur d’Alene, Idaho, is one of the oldest publicly traded precious metals companies in the United States. Originally established to develop the rich silver deposits of the Coeur d’Alene district, Hecla has evolved into a diversified mining enterprise focused on the exploration, development and production of silver and gold, with by-product credits from lead and zinc.

The company’s principal operations are located in North America and Latin America.