Apis Capital Advisors LLC Acquires 464,000 Shares of Hallador Energy (NASDAQ:HNRG)

Apis Capital Advisors LLC lifted its position in Hallador Energy (NASDAQ:HNRG - Free Report) by 106.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 898,000 shares of the energy company's stock after buying an additional 464,000 shares during the quarter. Hallador Energy makes up approximately 6.8% of Apis Capital Advisors LLC's portfolio, making the stock its 4th biggest holding. Apis Capital Advisors LLC owned approximately 2.11% of Hallador Energy worth $10,282,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Barclays PLC grew its position in Hallador Energy by 272.9% during the 3rd quarter. Barclays PLC now owns 33,131 shares of the energy company's stock valued at $312,000 after purchasing an additional 24,247 shares during the last quarter. Highland Peak Capital LLC bought a new stake in shares of Hallador Energy during the 4th quarter valued at $5,895,000. Geode Capital Management LLC raised its position in shares of Hallador Energy by 4.2% during the third quarter. Geode Capital Management LLC now owns 672,801 shares of the energy company's stock valued at $6,346,000 after buying an additional 27,093 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Hallador Energy in the fourth quarter worth about $873,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Hallador Energy by 814.1% in the 4th quarter. Russell Investments Group Ltd. now owns 113,023 shares of the energy company's stock worth $1,294,000 after purchasing an additional 100,658 shares during the period. Institutional investors own 61.38% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on HNRG shares. StockNews.com downgraded Hallador Energy from a "hold" rating to a "sell" rating in a report on Monday. B. Riley increased their price objective on shares of Hallador Energy from $13.00 to $15.00 and gave the stock a "buy" rating in a research note on Tuesday, April 1st.

Hallador Energy Stock Up 1.8 %

HNRG traded up $0.26 on Tuesday, reaching $14.97. The company's stock had a trading volume of 422,795 shares, compared to its average volume of 575,916. Hallador Energy has a fifty-two week low of $4.86 and a fifty-two week high of $15.22. The stock has a 50 day moving average of $12.21 and a two-hundred day moving average of $11.74. The company has a quick ratio of 0.17, a current ratio of 0.58 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $643.35 million, a price-to-earnings ratio of -27.22 and a beta of 0.42.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last announced its quarterly earnings data on Monday, March 17th. The energy company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.01. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.71%. The company had revenue of $94.80 million during the quarter, compared to analysts' expectations of $102.46 million. As a group, analysts forecast that Hallador Energy will post -0.31 EPS for the current fiscal year.

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.