Hallador Energy Company $HNRG Shares Sold by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. reduced its stake in Hallador Energy Company by 31.7% in Q1, now holding approximately $1.53 million worth of shares after selling 57,840 shares.
• Institutional investors collectively own 61.38% of Hallador's stock, with several firms increasing their positions, including Pinnacle Holdings and GAMMA Investing.
• Analysts have mixed ratings for Hallador Energy, with Citigroup downgrading it to a "neutral" rating while Zacks Research upgraded it to a "strong-buy," leading to a consensus rating of "Buy" and a price target of $19.00.

Goldman Sachs Group Inc. lowered its stake in shares of Hallador Energy Company (NASDAQ:HNRG - Free Report) by 31.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 124,883 shares of the energy company's stock after selling 57,840 shares during the period. Goldman Sachs Group Inc. owned 0.29% of Hallador Energy worth $1,534,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pinnacle Holdings LLC raised its position in Hallador Energy by 33.0% in the first quarter. Pinnacle Holdings LLC now owns 5,538 shares of the energy company's stock valued at $68,000 after purchasing an additional 1,373 shares during the period. Quantinno Capital Management LP raised its position in Hallador Energy by 17.0% in the fourth quarter. Quantinno Capital Management LP now owns 11,915 shares of the energy company's stock valued at $136,000 after purchasing an additional 1,729 shares during the period. Virtu Financial LLC purchased a new stake in Hallador Energy in the first quarter valued at $165,000. Exchange Traded Concepts LLC raised its position in Hallador Energy by 32.5% in the first quarter. Exchange Traded Concepts LLC now owns 13,569 shares of the energy company's stock valued at $167,000 after purchasing an additional 3,330 shares during the period. Finally, Pullen Investment Management LLC purchased a new stake in Hallador Energy in the first quarter valued at $184,000. Hedge funds and other institutional investors own 61.38% of the company's stock.

Wall Street Analysts Forecast Growth

HNRG has been the topic of a number of research analyst reports. Zacks Research upgraded Hallador Energy to a "strong-buy" rating in a research report on Friday, September 12th. Citigroup downgraded Hallador Energy to a "neutral" rating in a research report on Tuesday, August 12th. Wall Street Zen upgraded Hallador Energy from a "hold" rating to a "buy" rating in a research report on Saturday, September 6th. Finally, B. Riley downgraded Hallador Energy from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $15.00 to $17.00 in a report on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $19.00.

Insider Activity

In other Hallador Energy news, Director Charles Ray Iv Wesley acquired 20,000 shares of the stock in a transaction dated 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 owned 234,914 shares in the company, valued at $3,587,136.78. The trade was a 9.31% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 23.73% of the company's stock.

Hallador Energy Stock Down 1.1%

Shares of NASDAQ:HNRG traded down $0.22 on Tuesday, hitting $18.98. 32,119 shares of the company's stock were exchanged, compared to its average volume of 695,639. The firm's 50-day moving average is $17.16 and its 200 day moving average is $15.62. The company has a market capitalization of $816.33 million, a PE ratio of -3.80 and a beta of 0.46. Hallador Energy Company has a 1-year low of $6.98 and a 1-year 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.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The energy company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.34. The business had revenue of $102.89 million during 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%. Sell-side analysts predict 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.