Hallador Energy (NASDAQ:HNRG) Shares Sold by Bank of America Corp DE

Bank of America Corp DE decreased its position in Hallador Energy (NASDAQ:HNRG - Free Report) by 53.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,023 shares of the energy company's stock after selling 38,892 shares during the quarter. Bank of America Corp DE owned 0.08% of Hallador Energy worth $390,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HNRG. Legal & General Group Plc increased its position in shares of Hallador Energy by 23.5% during the fourth quarter. Legal & General Group Plc now owns 7,539 shares of the energy company's stock worth $86,000 after acquiring an additional 1,435 shares during the period. XTX Topco Ltd purchased a new stake in shares of Hallador Energy during the fourth quarter worth $121,000. Intech Investment Management LLC purchased a new stake in shares of Hallador Energy during the fourth quarter worth $156,000. Sage Investment Counsel LLC purchased a new stake in shares of Hallador Energy during the fourth quarter worth $160,000. Finally, Wells Fargo & Company MN increased its position in shares of Hallador Energy by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 14,855 shares of the energy company's stock worth $170,000 after acquiring an additional 3,235 shares during the period. Hedge funds and other institutional investors own 61.38% of the company's stock.

Hallador Energy Stock Down 0.5%

Shares of HNRG stock traded down $0.08 on Monday, reaching $16.10. 440,665 shares of the stock were exchanged, compared to its average volume of 598,705. The company has a current ratio of 0.58, a quick ratio of 0.17 and a debt-to-equity ratio of 0.16. The business's 50 day moving average price is $15.94 and its 200 day moving average price is $12.99. The company has a market capitalization of $691.91 million, a price-to-earnings ratio of -29.27 and a beta of 0.52. Hallador Energy has a twelve month low of $4.86 and a twelve month high of $19.71.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The energy company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.39. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.71%. The company had revenue of $117.79 million during the quarter, compared to the consensus estimate of $98.70 million. As a group, sell-side analysts expect that Hallador Energy will post -0.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Hallador Energy

In other Hallador Energy news, Director David C. Hardie sold 97,837 shares of the company's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $19.05, for a total value of $1,863,794.85. Following the completion of the transaction, the director now owns 139,089 shares in the company, valued at $2,649,645.45. This represents a 41.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 23.73% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on HNRG. Northland Capmk raised Hallador Energy to a "strong-buy" rating in a research report on Monday, May 19th. Northland Securities started coverage on shares of Hallador Energy in a research note on Monday, May 19th. They set an "outperform" rating and a $23.00 target price for the company. B. Riley boosted their target price on shares of Hallador Energy from $13.00 to $15.00 and gave the stock a "buy" rating in a research note on Tuesday, April 1st. Finally, Wall Street Zen downgraded shares of Hallador Energy from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $18.33.

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.