43,312 Shares in Hecla Mining Company $HL Purchased by FNY Investment Advisers LLC

Key Points

• FNY Investment Advisers LLC recently acquired 43,312 shares of Hecla Mining Company, valued at approximately $259,000.
• Hecla Mining reported a quarterly earnings per share of $0.08, exceeding analysts' estimates, with revenue rising 23.8% year-over-year to $304.03 million.
• The company also declared a quarterly dividend of $0.0038 per share, contributing to an annualized yield of 0.1%.

FNY Investment Advisers LLC purchased a new position in Hecla Mining Company (NYSE:HL - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 43,312 shares of the basic materials company's stock, valued at approximately $259,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS increased its stake in Hecla Mining by 1.5% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 125,800 shares of the basic materials company's stock worth $754,000 after buying an additional 1,900 shares during the period. Focus Partners Advisor Solutions LLC grew its holdings in Hecla Mining by 10.9% during the 1st quarter. Focus Partners Advisor Solutions LLC now owns 21,657 shares of the basic materials company's stock worth $120,000 after acquiring an additional 2,135 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in Hecla Mining by 5.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 47,710 shares of the basic materials company's stock worth $286,000 after acquiring an additional 2,283 shares in the last quarter. Baader Bank Aktiengesellschaft grew its holdings in Hecla Mining by 6.4% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 39,402 shares of the basic materials company's stock worth $236,000 after acquiring an additional 2,368 shares in the last quarter. Finally, Xponance Inc. grew its holdings in Hecla Mining by 5.9% during the 1st quarter. Xponance Inc. now owns 45,092 shares of the basic materials company's stock worth $251,000 after acquiring an additional 2,525 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company's stock.

Hecla Mining Stock Up 1.3%

HL stock opened at $12.98 on Thursday. The firm has a 50 day moving average of $10.77 and a 200 day moving average of $7.49. The stock has a market capitalization of $8.69 billion, a PE ratio of 81.10 and a beta of 1.31. The company has a quick ratio of 1.99, a current ratio of 2.67 and a debt-to-equity ratio of 0.23. Hecla Mining Company has a 52 week low of $4.46 and a 52 week high of $15.44.

Hecla Mining (NYSE:HL - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.03. The company had revenue of $304.03 million during the quarter, compared to analyst estimates of $248.93 million. Hecla Mining had a net margin of 9.55% and a return on equity of 5.51%. Hecla Mining's revenue for the quarter was up 23.8% compared to the same quarter last year. During the same period last year, the firm posted $0.02 EPS. Sell-side analysts forecast that Hecla Mining Company will post 0.21 earnings per share for the current year.

Hecla Mining Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Friday, August 22nd were issued a $0.0038 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, August 22nd. Hecla Mining's dividend payout ratio is 6.25%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HL. Wall Street Zen upgraded shares of Hecla Mining from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. HC Wainwright increased their target price on shares of Hecla Mining from $11.50 to $12.50 and gave the stock a "buy" rating in a report on Thursday, August 7th. BMO Capital Markets increased their target price on shares of Hecla Mining from $6.00 to $6.50 and gave the stock a "market perform" rating in a report on Thursday, August 7th. CIBC raised their price target on shares of Hecla Mining from $12.50 to $15.00 and gave the company a "neutral" rating in a report on Friday, October 10th. Finally, Roth Capital set a $8.75 price target on shares of Hecla Mining and gave the company a "sell" rating in a report on Friday, October 3rd. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Hecla Mining currently has an average rating of "Hold" and a consensus price target of $8.75.

Insider Activity at Hecla Mining

In other news, VP Stuart Maurice Absolom sold 14,472 shares of the company's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $11.29, for a total value of $163,388.88. Following the sale, the vice president directly owned 73,200 shares of the company's stock, valued at $826,428. This represents a 16.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.62% of the stock is owned by company insiders.

Hecla Mining Profile

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.