American Century Companies Inc. Has $11.36 Million Position in Hallador Energy Company $HNRG

Key Points

• American Century Companies Inc. increased its stake in Hallador Energy by 16.4% to own 924,812 shares, valued at approximately $11.36 million.
• Insider buying was reported as Director Charles Ray Iv Wesley purchased 20,000 shares at an average cost of $15.27 each, raising his total ownership to about $3.59 million.
• Analysts have adjusted ratings on Hallador Energy, with one downgrading it from "buy" to "hold," while the consensus price target has been set at $19.00.

American Century Companies Inc. lifted its holdings in Hallador Energy Company (NASDAQ:HNRG - Free Report) by 16.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 924,812 shares of the energy company's stock after purchasing an additional 130,509 shares during the period. American Century Companies Inc. owned 2.15% of Hallador Energy worth $11,357,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Legal & General Group Plc lifted its stake in shares of Hallador Energy by 23.5% in the 4th quarter. Legal & General Group Plc now owns 7,539 shares of the energy company's stock valued at $86,000 after purchasing an additional 1,435 shares during the last quarter. XTX Topco Ltd bought a new position in Hallador Energy in the 4th quarter worth $121,000. Quantinno Capital Management LP raised its holdings in Hallador Energy by 17.0% in the 4th quarter. Quantinno Capital Management LP now owns 11,915 shares of the energy company's stock worth $136,000 after acquiring an additional 1,729 shares during the period. Virtu Financial LLC bought a new position in Hallador Energy in the 1st quarter worth $165,000. Finally, Exchange Traded Concepts LLC raised its holdings in Hallador Energy by 32.5% in the 1st quarter. Exchange Traded Concepts LLC now owns 13,569 shares of the energy company's stock worth $167,000 after acquiring an additional 3,330 shares during the period. Institutional investors and hedge funds own 61.38% of the company's stock.

Insiders Place Their Bets

In other Hallador Energy news, Director Charles Ray Iv Wesley purchased 20,000 shares of the firm's stock in a transaction on Tuesday, August 19th. The shares were purchased at an average price of $15.27 per share, for a total transaction of $305,400.00. Following the completion of the purchase, the director directly owned 234,914 shares of the company's stock, valued at approximately $3,587,136.78. This represents a 9.31% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 23.73% of the stock is owned by corporate insiders.

Hallador Energy Stock Performance

HNRG traded down $0.07 during trading on Friday, reaching $16.31. 488,948 shares of the company's stock were exchanged, compared to its average volume of 869,805. Hallador Energy Company has a fifty-two week low of $5.76 and a fifty-two week high of $22.01. The company has a quick ratio of 0.26, a current ratio of 0.67 and a debt-to-equity ratio of 0.25. The business has a 50 day moving average price of $16.50 and a 200 day moving average price of $14.77. The company has a market capitalization of $701.49 million, a P/E ratio of -3.27 and a beta of 0.46.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The energy company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of ($0.15) by $0.34. Hallador Energy had a negative net margin of 46.61% and a positive return on equity of 11.58%. The firm had revenue of $102.89 million for the quarter, compared to the consensus estimate of $91.73 million. As a group, analysts predict that Hallador Energy Company will post -0.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Wall Street Zen cut Hallador Energy from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Citigroup cut Hallador Energy to a "neutral" rating in a research report on Tuesday, August 12th. B. Riley cut Hallador Energy from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $15.00 to $17.00 in a research report on Tuesday, August 12th. Northland Capmk upgraded shares of Hallador Energy to a "strong-buy" rating in a research note on Monday, May 19th. Finally, Northland Securities initiated coverage on shares of Hallador Energy in a research note on Monday, May 19th. They set an "outperform" rating and a $23.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Hallador Energy has a consensus rating of "Moderate Buy" and a consensus target price of $19.00.

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.