Boothbay Fund Management LLC Lowers Stake in Hallador Energy (NASDAQ:HNRG)

Boothbay Fund Management LLC lowered its holdings in Hallador Energy (NASDAQ:HNRG - Free Report) by 17.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 127,503 shares of the energy company's stock after selling 26,318 shares during the quarter. Boothbay Fund Management LLC owned 0.30% of Hallador Energy worth $1,460,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Legal & General Group Plc lifted its position in Hallador Energy by 23.5% in the fourth quarter. Legal & General Group Plc now owns 7,539 shares of the energy company's stock valued at $86,000 after buying an additional 1,435 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Hallador Energy in the 4th quarter worth approximately $121,000. Intech Investment Management LLC purchased a new position in shares of Hallador Energy during the 4th quarter worth approximately $156,000. Sage Investment Counsel LLC acquired a new stake in Hallador Energy in the 4th quarter valued at approximately $160,000. Finally, Wells Fargo & Company MN raised its position in Hallador Energy by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 14,855 shares of the energy company's stock valued at $170,000 after purchasing an additional 3,235 shares during the period. Institutional investors and hedge funds own 61.38% of the company's stock.

Hallador Energy Stock Performance

NASDAQ:HNRG traded up $0.04 during midday trading on Friday, reaching $14.66. The stock had a trading volume of 584,391 shares, compared to its average volume of 572,325. The stock has a market cap of $630.03 million, a P/E ratio of -26.65 and a beta of 0.42. 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 $4.86 and a 12-month high of $15.22. The firm has a fifty day simple moving average of $12.01 and a two-hundred day simple moving average of $11.65.

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

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. B. Riley raised their price objective on shares of Hallador Energy from $13.00 to $15.00 and gave the company a "buy" rating in a research note on Tuesday, April 1st. StockNews.com raised shares of Hallador Energy from a "sell" rating to a "hold" rating in a research report on Monday, April 7th.

About Hallador Energy

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.