Counterpoint Mutual Funds LLC Purchases New Holdings in Hallador Energy Company $HNRG

Key Points

• Counterpoint Mutual Funds LLC acquired 172,523 shares of Hallador Energy Company, worth approximately $2.73 million, making it the mutual fund's 9th largest holding.
• Hallador Energy's stock has demonstrated strong performance, reporting $0.19 earnings per share for the latest quarter, exceeding estimates and contributing to a market capitalization of $825.79 million.
• Recent analyst activity includes a downgrade by B. Riley to a "neutral" rating and upgrades by Zacks Research and Wall Street Zen, with a current consensus rating of "Buy".

Counterpoint Mutual Funds LLC purchased a new stake in Hallador Energy Company (NASDAQ:HNRG - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 172,523 shares of the energy company's stock, valued at approximately $2,731,000. Hallador Energy makes up approximately 0.2% of Counterpoint Mutual Funds LLC's holdings, making the stock its 9th biggest holding. Counterpoint Mutual Funds LLC owned approximately 0.40% of Hallador Energy at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Hallador Energy by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 1,693,561 shares of the energy company's stock valued at $20,797,000 after buying an additional 65,652 shares in the last quarter. Apis Capital Advisors LLC lifted its stake in Hallador Energy by 20.3% in the 1st quarter. Apis Capital Advisors LLC now owns 1,079,935 shares of the energy company's stock valued at $13,262,000 after buying an additional 181,935 shares in the last quarter. American Century Companies Inc. lifted its stake in Hallador Energy by 16.4% in the 1st quarter. American Century Companies Inc. now owns 924,812 shares of the energy company's stock worth $11,357,000 after purchasing an additional 130,509 shares in the last quarter. Bridgeway Capital Management LLC lifted its stake in Hallador Energy by 2.4% in the 1st quarter. Bridgeway Capital Management LLC now owns 552,206 shares of the energy company's stock worth $6,781,000 after purchasing an additional 12,921 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in Hallador Energy by 1,233.6% in the 1st quarter. Millennium Management LLC now owns 486,532 shares of the energy company's stock worth $5,975,000 after purchasing an additional 450,049 shares in the last quarter. 61.38% of the stock is owned by hedge funds and other institutional investors.

Hallador Energy Stock Down 1.5%

Hallador Energy stock opened at $19.20 on Tuesday. Hallador Energy Company has a fifty-two week low of $6.82 and a fifty-two week high of $22.01. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.26 and a current ratio of 0.67. The firm has a 50 day moving average price of $17.16 and a 200 day moving average price of $15.62. The company has a market capitalization of $825.79 million, a PE ratio of -3.85 and a beta of 0.46.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last posted its earnings results on Monday, August 11th. The energy company reported $0.19 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $91.73 million. Research analysts expect that Hallador Energy Company will post -0.31 earnings per share for the current year.

Insider Buying and Selling

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 stock was bought at an average price 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.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HNRG. B. Riley lowered shares of Hallador Energy from a "buy" rating to a "neutral" rating and raised their target price for the stock from $15.00 to $17.00 in a research note on Tuesday, August 12th. Zacks Research raised shares of Hallador Energy to a "strong-buy" rating in a research note on Friday, September 12th. Wall Street Zen raised shares of Hallador Energy from a "hold" rating to a "buy" rating in a research note on Saturday, September 6th. Finally, Citigroup lowered shares of Hallador Energy to a "neutral" rating in a research note on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, Hallador Energy currently has a consensus rating of "Buy" and an average price target of $19.00.

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.

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