Hallador Energy Company $HNRG Shares Purchased by Squarepoint Ops LLC

Key Points

• Squarepoint Ops LLC increased its Hallador Energy stake by 155.3% in the second quarter, bringing its holdings to 215,999 shares valued at approximately $3.76 million. Institutional investors collectively own 61.38% of HNRG.
• Hallador Energy shares opened at $15.34, down 1.7%, while the company reported a quarterly loss of $0.32 per share—below the $0.12 loss analysts expected—despite revenue exceeding estimates.
• Analyst sentiment is mixed: some firms issued strong-buy ratings and a $28 price target, while others downgraded the stock to sell or strong sell. The consensus rating is “Moderate Buy,” with a target price of $25.12.

Squarepoint Ops LLC increased its holdings in Hallador Energy Company (NASDAQ:HNRG - Free Report) by 155.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 215,999 shares of the energy company's stock after acquiring an additional 131,390 shares during the period. Squarepoint Ops LLC owned approximately 0.46% of Hallador Energy worth $3,756,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HNRG. Royal Bank of Canada raised its position in Hallador Energy by 92.5% in the fourth quarter. Royal Bank of Canada now owns 1,413 shares of the energy company's stock valued at $27,000 after purchasing an additional 679 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Hallador Energy during the 2nd quarter worth $27,000. Summit Securities Group LLC purchased a new position in shares of Hallador Energy during the 1st quarter worth $31,000. State of Wyoming acquired a new stake in shares of Hallador Energy during the 2nd quarter worth about $32,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Hallador Energy by 11,110.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company's stock worth $34,000 after purchasing an additional 2,111 shares during the last quarter. Institutional investors and hedge funds own 61.38% of the company's stock.

Hallador Energy Trading Down 1.7%

Shares of NASDAQ HNRG opened at $15.34 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.24 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $723.17 million, a PE ratio of 767.00 and a beta of 0.31. Hallador Energy Company has a twelve month low of $13.65 and a twelve month high of $24.70. The stock has a fifty day simple moving average of $15.85 and a 200-day simple moving average of $16.87.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last posted its earnings results on Monday, August 10th. The energy company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.20). Hallador Energy had a negative return on equity of 0.52% and a negative net margin of 0.20%.The firm had revenue of $101.51 million for the quarter, compared to analyst estimates of $90.33 million. On average, equities analysts forecast that Hallador Energy Company will post -0.29 earnings per share for the current year.

Insider Transactions at Hallador Energy

In other Hallador Energy news, Director Ray Wesley purchased 15,000 shares of Hallador Energy stock in a transaction dated Tuesday, June 16th. The shares were acquired at an average price of $16.69 per share, with a total value 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. This trade represents a 4.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Daniel Hudson purchased 5,000 shares of Hallador Energy stock in a transaction dated Thursday, July 9th. The shares were acquired at an average cost of $16.58 per share, for a total transaction of $82,900.00. Following the transaction, the director directly owned 20,000 shares of the company's stock, valued at approximately $331,600. This represents a 33.33% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 35,000 shares of company stock worth $589,170 over the last quarter. Insiders own 17.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Wall Street Zen cut shares of Hallador Energy from a "sell" rating to a "strong sell" rating in a research report on Saturday, August 15th. Weiss Ratings cut shares of Hallador Energy from a "hold (c-)" rating to a "sell (d-)" rating in a research report on Tuesday, August 18th. Alliance Global Partners raised shares of Hallador Energy to a "strong-buy" rating in a research note on Friday, August 14th. Northland Securities set a $28.00 price target on shares of Hallador Energy in a research note on Tuesday, August 11th. Finally, Zacks Research lowered shares of Hallador Energy from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 12th. Two 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 stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $25.12.

About Hallador Energy

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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