Cubist Systematic Strategies LLC Invests $3.48 Million in Hallador Energy Company $HNRG

Key Points

• Cubist Systematic Strategies LLC has acquired 283,162 shares of Hallador Energy Company, valued at approximately $3.48 million, during the first quarter of 2023.
• Hallador Energy's stock has recently experienced a 3.6% increase in value, with shares opening at $17.04.
• In its latest quarterly earnings report, Hallador Energy reported $0.19 earnings per share, exceeding analysts' expectations of ($0.15) by $0.34.

Cubist Systematic Strategies LLC bought a new position in Hallador Energy Company (NASDAQ:HNRG - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 283,162 shares of the energy company's stock, valued at approximately $3,477,000. Cubist Systematic Strategies LLC owned approximately 0.66% of Hallador Energy as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in HNRG. Point72 Asset Management L.P. boosted its holdings in shares of Hallador Energy by 4,460.2% in the 4th quarter. Point72 Asset Management L.P. now owns 1,097,500 shares of the energy company's stock worth $12,566,000 after purchasing an additional 1,073,433 shares in the last quarter. Empyrean Capital Partners LP raised its stake in shares of Hallador Energy by 71.0% during the fourth quarter. Empyrean Capital Partners LP now owns 1,325,000 shares of the energy company's stock worth $15,171,000 after acquiring an additional 550,000 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Hallador Energy by 356.4% in the 1st quarter. Invesco Ltd. now owns 273,300 shares of the energy company's stock worth $3,356,000 after acquiring an additional 213,421 shares during the last quarter. Apis Capital Advisors LLC lifted its holdings in shares of 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 worth $13,262,000 after acquiring an additional 181,935 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Hallador Energy by 16.4% in the 1st quarter. American Century Companies Inc. now owns 924,812 shares of the energy company's stock valued at $11,357,000 after purchasing an additional 130,509 shares in the last quarter. Hedge funds and other institutional investors own 61.38% of the company's stock.

Insider Buying and Selling

In related news, Director Charles Ray Iv Wesley acquired 20,000 shares of the firm's stock in a transaction on Tuesday, August 19th. The stock was acquired at an average cost of $15.27 per share, for a total transaction of $305,400.00. Following the acquisition, the director owned 234,914 shares of the company's stock, valued at $3,587,136.78. This trade represents a 9.31% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 23.73% of the company's stock.

Analyst Upgrades and Downgrades

HNRG has been the subject of several analyst reports. Wall Street Zen upgraded shares of Hallador Energy from a "hold" rating to a "buy" rating in a research report on Saturday, September 6th. Northland Capmk raised 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 research report on Tuesday, August 12th. B. Riley cut Hallador Energy from a "buy" rating to a "neutral" rating and lifted their price target for the stock from $15.00 to $17.00 in a research note on Tuesday, August 12th. Finally, Northland Securities initiated coverage on shares of Hallador Energy in a report on Monday, May 19th. They issued 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 assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $19.00.

Hallador Energy Trading Down 3.6%

HNRG traded down $0.64 during midday trading on Thursday, reaching $17.11. 318,003 shares of the company's stock traded hands, compared to its average volume of 592,932. Hallador Energy Company has a 52 week low of $6.20 and a 52 week high of $22.01. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.67 and a quick ratio of 0.26. The firm has a fifty day moving average of $16.78 and a two-hundred day moving average of $15.08. The stock has a market capitalization of $735.90 million, a price-to-earnings ratio of -3.43 and a beta of 0.45.

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 (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.34. The firm had revenue of $102.89 million for the quarter, compared to analysts' expectations of $91.73 million. Hallador Energy had a positive return on equity of 11.58% and a negative net margin of 46.61%. On average, equities analysts anticipate that Hallador Energy Company will post -0.31 earnings per share for the current fiscal 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.