American Century Companies Inc. Purchases 130,509 Shares of 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. raised its stake in Hallador Energy Company (NASDAQ:HNRG - Free Report) by 16.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 924,812 shares of the energy company's stock after buying an additional 130,509 shares during the quarter. American Century Companies Inc. owned about 2.15% of Hallador Energy worth $11,357,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its holdings in shares of Hallador Energy by 517.0% in the fourth quarter. BNP Paribas Financial Markets now owns 30,629 shares of the energy company's stock valued at $351,000 after purchasing an additional 25,665 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Hallador Energy by 10.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,883,814 shares of the energy company's stock valued at $21,569,000 after purchasing an additional 173,749 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Hallador Energy in the fourth quarter valued at approximately $121,000. CenterBook Partners LP acquired a new stake in shares of Hallador Energy in the first quarter valued at approximately $391,000. Finally, Raymond James Financial Inc. bought a new position in shares of Hallador Energy in the fourth quarter valued at $873,000. Institutional investors own 61.38% of the company's stock.

Insider Activity

In other news, Director Charles Ray Iv Wesley bought 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The stock was acquired at an average cost of $15.27 per share, with a total value of $305,400.00. Following the transaction, 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 23.73% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Hallador Energy Price Performance

HNRG traded up $0.07 on Thursday, reaching $16.38. The stock had a trading volume of 397,375 shares, compared to its average volume of 917,505. Hallador Energy Company has a fifty-two week low of $5.76 and a fifty-two week high of $22.01. The firm has a 50-day moving average of $16.48 and a 200-day moving average of $14.69. The company has a current ratio of 0.67, a quick ratio of 0.26 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $704.50 million, a price-to-earnings ratio of -3.28 and a beta of 0.52.

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