State Street Corp Buys 7,764 Shares of Hallador Energy (NASDAQ:HNRG)

State Street Corp raised its stake in Hallador Energy (NASDAQ:HNRG) by 1.5% in the third quarter, Holdings Channel.com reports. The firm owned 525,123 shares of the energy company’s stock after acquiring an additional 7,764 shares during the period. State Street Corp’s holdings in Hallador Energy were worth $4,952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of HNRG. The Manufacturers Life Insurance Company acquired a new position in shares of Hallador Energy during the second quarter valued at about $78,000. CWM LLC increased its stake in Hallador Energy by 154.4% during the third quarter. CWM LLC now owns 8,227 shares of the energy company’s stock valued at $78,000 after acquiring an additional 4,993 shares during the period. Quantinno Capital Management LP acquired a new position in Hallador Energy in the 3rd quarter valued at approximately $96,000. Exchange Traded Concepts LLC raised its holdings in Hallador Energy by 66.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 10,357 shares of the energy company’s stock valued at $98,000 after acquiring an additional 4,132 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Hallador Energy in the 3rd quarter worth approximately $100,000. 61.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HNRG has been the topic of a number of research reports. Alliance Global Partners began coverage on Hallador Energy in a research report on Monday, December 9th. They set a “buy” rating and a $17.00 price objective on the stock. B. Riley boosted their price target on shares of Hallador Energy from $9.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, November 13th.

Hallador Energy Stock Performance

NASDAQ:HNRG opened at $11.14 on Monday. The firm has a market capitalization of $474.75 million, a PE ratio of -20.25 and a beta of 0.69. 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 has a 12-month low of $4.33 and a 12-month high of $14.00. The firm has a 50-day moving average price of $11.50 and a 200 day moving average price of $8.98.

Hallador Energy (NASDAQ:HNRG) last issued its earnings results on Tuesday, November 12th. The energy company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 6.71% and a negative net margin of 4.85%. During the same period in the prior year, the firm posted $0.47 EPS. Research analysts anticipate that Hallador Energy will post -0.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Hallador Energy news, Director David C. Hardie sold 23,604 shares of the business’s 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 transaction, the director now directly owns 2,106,819 shares in the company, valued at $27,620,397.09. The trade was a 1.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 104,524 shares of company stock worth $1,356,743 over the last three months. 32.30% of the stock is currently owned by corporate 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.