Hallador Energy (NASDAQ:HNRG) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its position in shares of Hallador Energy (NASDAQ:HNRG) by 4.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 70,226 shares of the energy company’s stock after selling 3,586 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Hallador Energy were worth $662,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Empyrean Capital Partners LP purchased a new position in shares of Hallador Energy in the 2nd quarter valued at about $3,885,000. B. Riley Wealth Advisors Inc. lifted its stake in Hallador Energy by 3,171.7% during the second 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. purchased a new position in Hallador Energy in the second quarter valued at approximately $2,197,000. ClariVest Asset Management LLC purchased a new position in shares of Hallador Energy in the 2nd quarter valued at $735,000. Finally, Pekin Hardy Strauss Inc. acquired a new stake in shares of Hallador Energy during the second quarter worth about $584,000. Hedge funds and other institutional investors own 61.38% of the company’s stock.

Hallador Energy Stock Performance

NASDAQ HNRG opened at $11.12 on Thursday. The firm has a market cap of $473.90 million, a P/E ratio of -20.22 and a beta of 0.69. Hallador Energy has a 52-week low of $4.33 and a 52-week high of $14.00. The business’s 50-day moving average price is $11.37 and its 200 day moving average price is $8.84. The company has a quick ratio of 0.17, a current ratio of 0.58 and a debt-to-equity ratio of 0.16.

Hallador Energy (NASDAQ:HNRG) last announced its 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. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. The company had revenue of $105.04 million for the quarter, compared to the consensus estimate of $117.10 million. During the same period last year, the business posted $0.47 EPS. On average, equities research analysts expect that Hallador Energy will post -0.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. B. Riley raised their price target on Hallador Energy from $9.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Alliance Global Partners began coverage on shares of Hallador Energy in a research report on Monday, December 9th. They set a “buy” rating and a $17.00 target price on the stock.

Insider Buying and Selling at Hallador Energy

In other news, Director David C. Hardie sold 23,604 shares of Hallador Energy stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $13.11, for a total value of $309,448.44. Following the sale, the director now owns 2,106,819 shares of the company’s stock, valued at $27,620,397.09. The trade was a 1.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders have sold 104,524 shares of company stock valued at $1,356,743. 32.30% of the stock is owned by company insiders.

Hallador Energy 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.