AlphaQuest LLC Grows Stake in Hallador Energy Company $HNRG

AlphaQuest LLC lifted its stake in shares of Hallador Energy Company (NASDAQ:HNRG) by 35,435.4% in the second quarter, Holdings Channel reports. The firm owned 23,098 shares of the energy company’s stock after buying an additional 23,033 shares during the period. AlphaQuest LLC’s holdings in Hallador Energy were worth $366,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Pinnacle Holdings LLC increased its stake in shares of Hallador Energy by 33.0% during the first quarter. Pinnacle Holdings LLC now owns 5,538 shares of the energy company’s stock worth $68,000 after purchasing an additional 1,373 shares in the last quarter. Hilltop National Bank purchased a new stake in shares of Hallador Energy during the second quarter worth about $71,000. Virtu Financial LLC purchased a new stake in shares of Hallador Energy during the first quarter worth about $165,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Hallador Energy by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,193 shares of the energy company’s stock worth $187,000 after purchasing an additional 624 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in Hallador Energy during the 1st quarter valued at about $193,000. Hedge funds and other institutional investors own 61.38% of the company’s stock.

Hallador Energy Stock Performance

Hallador Energy stock opened at $20.22 on Friday. The firm has a 50 day simple moving average of $18.80 and a 200-day simple moving average of $17.19. Hallador Energy Company has a 1-year low of $8.13 and a 1-year high of $22.44. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.67 and a quick ratio of 0.26. The stock has a market cap of $869.66 million, a price-to-earnings ratio of -4.05 and a beta of 0.39.

Hallador Energy (NASDAQ:HNRG) last posted its quarterly earnings results on Monday, August 11th. The energy company reported $0.19 earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.34. Hallador Energy had a negative net margin of 46.61% and a positive return on equity of 11.58%. The business had revenue of $102.89 million during the quarter, compared to analysts’ expectations of $91.73 million. On average, analysts expect that Hallador Energy Company will post -0.31 EPS for the current year.

Insider Activity at Hallador Energy

In other news, Director David C. Hardie sold 100,000 shares of the 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 completion of the sale, the director owned 21,072 shares of the company’s stock, valued at $411,536.16. This represents a 82.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Charles Ray Iv Wesley purchased 20,000 shares of the company’s stock in a transaction dated Tuesday, August 19th. The stock was purchased at an average cost of $15.27 per share, with a total value of $305,400.00. Following the purchase, the director owned 234,914 shares in the company, valued at approximately $3,587,136.78. This trade represents a 9.31% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders sold 372,062 shares of company stock valued at $7,232,705. Corporate insiders own 23.73% of the company’s stock.

Wall Street Analyst Weigh In

HNRG has been the subject of several research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hallador Energy in a research note on Wednesday, October 8th. Citigroup cut shares of Hallador Energy to a “neutral” rating in a research note on Tuesday, August 12th. Wall Street Zen raised shares of Hallador Energy from a “hold” rating to a “buy” rating in a research note on Sunday, October 26th. Zacks Research cut shares of Hallador Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Finally, B. Riley cut shares of Hallador Energy from a “buy” rating to a “neutral” rating and upped their price objective for the company from $15.00 to $17.00 in a research note on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $19.00.

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.