Deutsche Bank AG Invests $13.53 Million in Hallador Energy Company $HNRG

Deutsche Bank AG acquired a new position in shares of Hallador Energy Company (NASDAQ:HNRG - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 778,244 shares of the energy company's stock, valued at approximately $13,534,000. Deutsche Bank AG owned about 1.65% of Hallador Energy at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Royal Bank of Canada increased its position in Hallador Energy by 92.5% during the fourth quarter. Royal Bank of Canada now owns 1,413 shares of the energy company's stock worth $27,000 after buying an additional 679 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Hallador Energy in the second quarter valued at approximately $27,000. Summit Securities Group LLC acquired a new stake in shares of Hallador Energy in the first quarter valued at approximately $31,000. State of Wyoming purchased a new position in shares of Hallador Energy during the second quarter worth approximately $32,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Hallador Energy by 11,110.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company's stock valued at $34,000 after acquiring an additional 2,111 shares during the period. 61.38% of the stock is owned by hedge funds and other institutional investors.

Hallador Energy Stock Down 1.0%

HNRG stock opened at $15.38 on Friday. The stock has a market capitalization of $725.06 million, a PE ratio of 769.00 and a beta of 0.25. The company has a fifty day moving average of $16.25 and a 200-day moving average of $17.18. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.24 and a current ratio of 0.72. Hallador Energy Company has a one year low of $13.65 and a one year high of $24.70.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The energy company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.20). The firm had revenue of $101.51 million for the quarter, compared to analyst estimates of $90.33 million. Hallador Energy had a negative return on equity of 0.52% and a negative net margin of 0.20%. As a group, analysts expect that Hallador Energy Company will post -0.09 EPS for the current year.

Insiders Place Their Bets

In other Hallador Energy news, Director Charles Ray Iv Wesley acquired 15,000 shares of the business's stock in a transaction on Tuesday, June 16th. The stock was purchased at an average price of $16.69 per share, for a total transaction of $250,350.00. Following the completion of the transaction, the director owned 338,469 shares of the company's stock, valued at $5,649,047.61. The trade was a 4.64% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel Timothy Hudson bought 10,000 shares of Hallador Energy stock in a transaction on Monday, June 29th. The stock was acquired at an average cost of $16.94 per share, with a total value of $169,400.00. Following the acquisition, the director owned 15,000 shares of the company's stock, valued at $254,100. This trade represents a 200.00% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased 35,000 shares of company stock worth $589,170 in the last ninety days. 17.43% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

HNRG has been the subject of several research reports. Northland Securities set a $28.00 price target on shares of Hallador Energy in a research report on Tuesday, August 11th. Weiss Ratings downgraded shares of Hallador Energy from a "hold (c-)" rating to a "sell (d-)" rating in a research report on Tuesday. Alliance Global Partners upgraded shares of Hallador Energy to a "strong-buy" rating in a research note on Friday, August 14th. Zacks Research cut shares of Hallador Energy from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 12th. Finally, Wall Street Zen downgraded shares of Hallador Energy from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 15th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $25.12.

Hallador Energy Profile

Hallador Energy Company is a coal producer and mine operator trading on NASDAQ under the symbol HNRG. The company's primary business activities center on the production and sale of bituminous thermal coal. Hallador's operations encompass two surface mines: the Shoal Creek Mine located in southwestern Indiana and the Bull Mountain Mine situated in eastern Montana. Both sites are designed to extract high-quality coal reserves for the power generation market.

Hallador Energy markets its coal primarily to electric utilities and industrial customers across the United States.

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