Hallador Energy (NASDAQ:HNRG) Holdings Lowered by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. cut its holdings in shares of Hallador Energy (NASDAQ:HNRG - Free Report) by 92.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,000 shares of the energy company's stock after selling 223,200 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Hallador Energy were worth $206,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Squarepoint Ops LLC lifted its holdings in shares of Hallador Energy by 493.7% during the 4th quarter. Squarepoint Ops LLC now owns 84,108 shares of the energy company's stock worth $963,000 after acquiring an additional 69,941 shares during the period. Wexford Capital LP acquired a new position in Hallador Energy during the fourth quarter worth $785,000. Two Sigma Investments LP lifted its stake in Hallador Energy by 53.4% in the fourth quarter. Two Sigma Investments LP now owns 19,531 shares of the energy company's stock valued at $224,000 after acquiring an additional 6,800 shares during the last quarter. Taconic Capital Advisors LP raised its position in shares of Hallador Energy by 5.7% in the fourth quarter. Taconic Capital Advisors LP now owns 464,732 shares of the energy company's stock valued at $5,321,000 after purchasing an additional 25,008 shares during the period. Finally, Point72 Asset Management L.P. increased its position in Hallador Energy by 4,460.2% during the fourth quarter. Point72 Asset Management L.P. now owns 1,097,500 shares of the energy company's stock worth $12,566,000 after acquiring an additional 1,073,433 shares during the period. Hedge funds and other institutional investors own 61.38% of the company's stock.

Insider Activity at Hallador Energy

In other news, Director David C. Hardie sold 97,837 shares of Hallador Energy stock in a transaction on Monday, May 19th. The stock was sold at an average price of $19.05, for a total transaction of $1,863,794.85. Following the completion of the transaction, the director now owns 139,089 shares of the company's stock, valued at $2,649,645.45. The trade was a 41.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 23.73% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HNRG. Northland Securities initiated coverage on shares of Hallador Energy in a research note on Monday, May 19th. They issued an "outperform" rating and a $23.00 price target on the stock. B. Riley upped their price objective on shares of Hallador Energy from $13.00 to $15.00 and gave the company a "buy" rating in a report on Tuesday, April 1st. Wall Street Zen downgraded shares of Hallador Energy from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Finally, Northland Capmk upgraded shares of Hallador Energy to a "strong-buy" rating in a report on Monday, May 19th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Hallador Energy presently has an average rating of "Buy" and an average target price of $18.33.

Hallador Energy Trading Down 0.4%

HNRG stock traded down $0.07 during midday trading on Thursday, reaching $16.81. The company's stock had a trading volume of 638,887 shares, compared to its average volume of 591,009. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.17 and a current ratio of 0.58. The stock has a fifty day simple moving average of $15.12 and a two-hundred day simple moving average of $12.78. The firm has a market capitalization of $722.43 million, a price-to-earnings ratio of -30.56 and a beta of 0.42. Hallador Energy has a 1 year low of $4.86 and a 1 year high of $19.71.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last announced its earnings results on Monday, May 12th. The energy company reported $0.23 earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.39. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. The business had revenue of $117.79 million during the quarter, compared to the consensus estimate of $98.70 million. On average, equities research analysts predict that Hallador Energy will post -0.31 EPS for the current year.

Hallador Energy Company 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.