Hallador Energy Company $HNRG Stock Position Lifted by Apis Capital Advisors LLC

Key Points

• Apis Capital Advisors LLC increased its stake in Hallador Energy by 20.3%, holding over 1 million shares and making it their 4th largest investment.
• Several analysts have downgraded Hallador Energy, with Wall Street Zen changing its rating from "buy" to "hold" and setting a consensus price target of $19.00.
• Hallador Energy reported earnings of $0.19 per share for the quarter, significantly beating estimates of a loss and generating revenue of $102.89 million.

Apis Capital Advisors LLC boosted its position in Hallador Energy Company (NASDAQ:HNRG - Free Report) by 20.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,079,935 shares of the energy company's stock after purchasing an additional 181,935 shares during the quarter. Hallador Energy makes up 6.4% of Apis Capital Advisors LLC's portfolio, making the stock its 4th biggest position. Apis Capital Advisors LLC owned approximately 2.51% of Hallador Energy worth $13,262,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Rhumbline Advisers raised its holdings in Hallador Energy by 2.5% in the first quarter. Rhumbline Advisers now owns 37,607 shares of the energy company's stock worth $462,000 after purchasing an additional 935 shares in the last quarter. SummerHaven Investment Management LLC raised its holdings in Hallador Energy by 1.3% in the first quarter. SummerHaven Investment Management LLC now owns 106,750 shares of the energy company's stock worth $1,311,000 after purchasing an additional 1,340 shares in the last quarter. Pinnacle Holdings LLC increased its holdings in shares of Hallador Energy by 33.0% during the first quarter. Pinnacle Holdings LLC now owns 5,538 shares of the energy company's stock valued at $68,000 after acquiring an additional 1,373 shares in the last quarter. Quantinno Capital Management LP increased its holdings in shares of Hallador Energy by 17.0% during the fourth quarter. Quantinno Capital Management LP now owns 11,915 shares of the energy company's stock valued at $136,000 after acquiring an additional 1,729 shares in the last quarter. Finally, MetLife Investment Management LLC increased its holdings in shares of Hallador Energy by 15.4% during the fourth quarter. MetLife Investment Management LLC now owns 14,894 shares of the energy company's stock valued at $171,000 after acquiring an additional 1,990 shares in the last quarter. Institutional investors own 61.38% of the company's stock.

Insider Buying and Selling at Hallador Energy

In related news, Director Charles Ray Iv Wesley acquired 20,000 shares of the stock in a transaction dated Tuesday, August 19th. The shares were purchased at an average cost of $15.27 per share, with a total value of $305,400.00. Following the transaction, the director directly owned 234,914 shares in the company, valued at approximately $3,587,136.78. This represents a 9.31% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 23.73% of the stock is currently owned by insiders.

Hallador Energy Stock Performance

NASDAQ:HNRG traded up $0.11 on Thursday, hitting $16.45. The stock had a trading volume of 462,820 shares, compared to its average volume of 713,992. The stock has a market cap of $707.51 million, a price-to-earnings ratio of -3.30 and a beta of 0.45. The company has a quick ratio of 0.26, a current ratio of 0.67 and a debt-to-equity ratio of 0.25. The business's 50-day simple moving average is $16.59 and its two-hundred day simple moving average is $14.83. Hallador Energy Company has a 52-week low of $5.76 and a 52-week high of $22.01.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last announced its earnings results 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 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%. As a group, research analysts predict that Hallador Energy Company will post -0.31 earnings per share for the current year.

Analysts Set New Price Targets

HNRG has been the subject of several analyst reports. Wall Street Zen downgraded Hallador Energy from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. B. Riley downgraded Hallador Energy from a "buy" rating to a "neutral" rating and raised their price target for the company from $15.00 to $17.00 in a report on Tuesday, August 12th. Northland Securities initiated coverage on Hallador Energy in a report on Monday, May 19th. They set an "outperform" rating and a $23.00 price target for the company. Northland Capmk upgraded Hallador Energy to a "strong-buy" rating in a report on Monday, May 19th. Finally, Citigroup cut Hallador Energy to a "neutral" rating in a research report on Tuesday, August 12th. One research 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's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $19.00.

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.