Bank of America Corp DE Cuts Holdings in Hallador Energy (NASDAQ:HNRG)

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

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Legal & General Group Plc lifted its stake in shares of Hallador Energy by 23.5% in the 4th quarter. Legal & General Group Plc now owns 7,539 shares of the energy company's stock valued at $86,000 after purchasing an additional 1,435 shares during the last quarter. XTX Topco Ltd purchased a new stake in Hallador Energy in the 4th quarter valued at about $121,000. Intech Investment Management LLC acquired a new position in Hallador Energy in the fourth quarter valued at about $156,000. Sage Investment Counsel LLC acquired a new position in Hallador Energy in the fourth quarter valued at about $160,000. Finally, Wells Fargo & Company MN boosted its stake in 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 buying an additional 3,235 shares during the period. Institutional investors and hedge funds own 61.38% of the company's stock.

Insider Buying and Selling at Hallador Energy

In related news, Director David C. Hardie sold 97,837 shares of Hallador Energy stock in a transaction on Monday, May 19th. The shares were sold at an average price of $19.05, for a total transaction of $1,863,794.85. Following the sale, the director now directly owns 139,089 shares in the company, valued at $2,649,645.45. This trade represents a 41.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 23.73% of the stock is currently owned by insiders.

Hallador Energy Stock Up 0.1%

Shares of NASDAQ HNRG traded up $0.02 during midday trading on Friday, hitting $16.18. The company's stock had a trading volume of 485,872 shares, compared to its average volume of 596,728. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.17. The firm has a market capitalization of $695.35 million, a price-to-earnings ratio of -29.42 and a beta of 0.52. The business's fifty day simple moving average is $15.73 and its two-hundred day simple moving average is $12.93. Hallador Energy has a 1 year low of $4.86 and a 1 year high of $19.71.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last released its earnings results on Monday, May 12th. The energy company reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.16) by $0.39. The company had revenue of $117.79 million for the quarter, compared to analyst estimates of $98.70 million. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.71%. On average, equities analysts predict that Hallador Energy will post -0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

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