Hallador Energy Company $HNRG Shares Acquired by Militia Capital Partners LP

Key Points

• Militia Capital Partners LP increased its holdings in Hallador Energy Company (NASDAQ:HNRG) by 148.2% in the first quarter, owning 54,600 shares valued at approximately $670,000.
• Several large investors, including BNP Paribas Financial Markets and Point72 Asset Management, also significantly boosted their positions in Hallador Energy during the fourth quarter, illustrating strong interest from institutional investors.
• Analysts have mixed ratings for HNRG, with ratings ranging from "strong-buy" to "neutral," and a consensus price target currently set at $19.00.

Militia Capital Partners LP boosted its stake in Hallador Energy Company (NASDAQ:HNRG - Free Report) by 148.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 54,600 shares of the energy company's stock after purchasing an additional 32,600 shares during the period. Militia Capital Partners LP owned about 0.13% of Hallador Energy worth $670,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in HNRG. Pinnacle Holdings LLC grew its stake in shares of 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 buying an additional 1,373 shares in the last quarter. GAMMA Investing LLC increased its stake in Hallador Energy by 1,391.0% during the first quarter. GAMMA Investing LLC now owns 6,128 shares of the energy company's stock worth $750,000 after purchasing an additional 5,717 shares during the period. Quantinno Capital Management LP lifted its position 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 worth $136,000 after purchasing an additional 1,729 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Hallador Energy in the first quarter valued at approximately $165,000. Finally, Exchange Traded Concepts LLC boosted its position in Hallador Energy by 32.5% in the 1st quarter. Exchange Traded Concepts LLC now owns 13,569 shares of the energy company's stock valued at $167,000 after buying an additional 3,330 shares during the period. 61.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Hallador Energy

In related news, Director Charles Ray Iv Wesley acquired 20,000 shares of Hallador Energy stock in a transaction on Tuesday, August 19th. The stock was purchased at an average cost of $15.27 per share, with a total value of $305,400.00. Following the purchase, the director directly owned 234,914 shares in the company, valued at approximately $3,587,136.78. The trade was a 9.31% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 23.73% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HNRG. Citigroup lowered Hallador Energy to a "neutral" rating in a research report on Tuesday, August 12th. B. Riley downgraded Hallador Energy from a "buy" rating to a "neutral" rating and upped their price target for the stock from $15.00 to $17.00 in a report on Tuesday, August 12th. Zacks Research upgraded Hallador Energy to a "strong-buy" rating in a report on Friday, September 12th. Finally, Wall Street Zen upgraded Hallador Energy from a "hold" rating to a "buy" rating in a report on Saturday, September 6th. Two investment 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. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $19.00.

Hallador Energy Stock Up 0.2%

Shares of NASDAQ HNRG traded up $0.05 during mid-day trading on Wednesday, reaching $18.54. The company had a trading volume of 100,912 shares, compared to its average volume of 700,129. The firm has a 50 day simple moving average of $16.89 and a two-hundred day simple moving average of $15.30. Hallador Energy Company has a 52-week low of $6.34 and a 52-week high of $22.01. The company has a current ratio of 0.67, a quick ratio of 0.26 and a debt-to-equity ratio of 0.25. The stock has a market cap of $797.19 million, a P/E ratio of -3.71 and a beta of 0.45.

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, 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 company had revenue of $102.89 million during the quarter, compared to the consensus estimate of $91.73 million. Sell-side analysts predict that Hallador Energy Company will post -0.31 earnings per share for the current year.

About Hallador Energy

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.