Heartland Advisors Inc. Sells 485,200 Shares of Hallador Energy Company (NASDAQ:HNRG)

Key Points

• Heartland Advisors Inc. has reduced its stake in Hallador Energy Company by 61.8% to a total of 300,000 shares, valued at approximately $3.68 million.
• In the most recent earnings report, Hallador Energy reported $0.23 earnings per share, surpassing analysts' expectations, along with revenues of $117.79 million.
• Analysts have mixed ratings on Hallador Energy stock, with an average target price of $18.33 and one firm upgrading it to a "strong-buy" rating.

Heartland Advisors Inc. trimmed its position in Hallador Energy Company (NASDAQ:HNRG - Free Report) by 61.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 300,000 shares of the energy company's stock after selling 485,200 shares during the quarter. Heartland Advisors Inc. owned 0.70% of Hallador Energy worth $3,684,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in HNRG. Legal & General Group Plc increased its stake in shares of Hallador Energy by 23.5% in the fourth quarter. Legal & General Group Plc now owns 7,539 shares of the energy company's stock worth $86,000 after buying an additional 1,435 shares during the period. XTX Topco Ltd purchased a new position in shares of Hallador Energy in the fourth quarter worth $121,000. Quantinno Capital Management LP increased its stake in shares of Hallador Energy by 17.0% in the fourth quarter. Quantinno Capital Management LP now owns 11,915 shares of the energy company's stock worth $136,000 after buying an additional 1,729 shares during the period. Intech Investment Management LLC purchased a new position in shares of Hallador Energy in the fourth quarter worth $156,000. Finally, Exchange Traded Concepts LLC increased its position in Hallador Energy by 32.5% during the 1st quarter. Exchange Traded Concepts LLC now owns 13,569 shares of the energy company's stock valued at $167,000 after purchasing an additional 3,330 shares during the period. 61.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HNRG has been the topic of a number of research analyst reports. B. Riley boosted their price objective on shares of Hallador Energy from $13.00 to $15.00 and gave the company a "buy" rating in a research report on Tuesday, April 1st. Wall Street Zen cut shares of Hallador Energy from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Northland Securities assumed 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 on the stock. Finally, Northland Capmk raised shares of Hallador Energy to a "strong-buy" rating in a research report on Monday, May 19th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $18.33.

Insider Activity at Hallador Energy

In other news, Director David C. Hardie sold 97,837 shares of the stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $19.05, for a total transaction of $1,863,794.85. Following the completion of the transaction, the director directly owned 139,089 shares in the company, valued at approximately $2,649,645.45. This represents a 41.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 23.73% of the company's stock.

Hallador Energy Stock Performance

Hallador Energy stock traded up $0.24 during midday trading on Wednesday, hitting $16.91. The stock had a trading volume of 172,629 shares, compared to its average volume of 690,145. The firm's fifty day moving average is $16.37 and its two-hundred day moving average is $13.84. The company has a market capitalization of $726.58 million, a PE ratio of -3.10 and a beta of 0.47. Hallador Energy Company has a 52-week low of $4.86 and a 52-week high of $19.71. The company has a current ratio of 0.60, a quick ratio of 0.17 and a debt-to-equity ratio of 0.09.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The energy company reported $0.23 earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.39. Hallador Energy had a positive return on equity of 0.31% and a negative net margin of 52.50%. The business had revenue of $117.79 million during the quarter, compared to the consensus estimate of $98.70 million. On average, research analysts forecast that Hallador Energy Company will post -0.31 EPS for the current year.

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.