Invesco Ltd. Grows Stake in Hallador Energy Company $HNRG

Key Points

• Invesco Ltd. significantly increased its stake in Hallador Energy by 356.4%, acquiring an additional 213,421 shares, bringing its total holdings to 273,300 shares valued at approximately $3.36 million.
• Hallador Energy reported an EPS of $0.19, surpassing analysts' expectations of ($0.15), and achieved revenue of $102.89 million for the quarter.
• Recent analyst activity included B. Riley downgrading Hallador Energy from a "buy" to a "neutral" rating, while Northland Capital upgraded it to a "strong-buy" with a target price increase.

Invesco Ltd. grew its holdings in shares of Hallador Energy Company (NASDAQ:HNRG - Free Report) by 356.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 273,300 shares of the energy company's stock after buying an additional 213,421 shares during the period. Invesco Ltd. owned 0.64% of Hallador Energy worth $3,356,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Legal & General Group Plc grew its stake in 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 purchasing an additional 1,435 shares during the period. Quantinno Capital Management LP grew its stake in 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 purchasing an additional 1,729 shares during the period. Exchange Traded Concepts LLC grew its stake in Hallador Energy by 32.5% in the first quarter. Exchange Traded Concepts LLC now owns 13,569 shares of the energy company's stock worth $167,000 after purchasing an additional 3,330 shares during the period. Wells Fargo & Company MN grew its stake in Hallador Energy by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 14,855 shares of the energy company's stock worth $170,000 after purchasing an additional 3,235 shares during the period. Finally, MetLife Investment Management LLC grew its stake in Hallador Energy by 15.4% in the fourth quarter. MetLife Investment Management LLC now owns 14,894 shares of the energy company's stock worth $171,000 after purchasing an additional 1,990 shares during the period. 61.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wall Street Zen cut Hallador Energy from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Northland Securities assumed coverage on Hallador Energy in a research note on Monday, May 19th. They issued an "outperform" rating and a $23.00 price target on the stock. Citigroup cut Hallador Energy to a "neutral" rating in a research note on Tuesday, August 12th. Northland Capmk raised Hallador Energy to a "strong-buy" rating in a report on Monday, May 19th. Finally, B. Riley downgraded Hallador Energy from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $15.00 to $17.00 in a report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $19.00.

Hallador Energy Stock Performance

Shares of NASDAQ:HNRG traded up $0.11 during midday trading on Thursday, reaching $16.45. 462,825 shares of the company's stock traded hands, compared to its average volume of 852,437. The company has a market cap of $707.51 million, a price-to-earnings ratio of -3.30 and a beta of 0.45. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.26 and a current ratio of 0.67. Hallador Energy Company has a one year low of $5.76 and a one year high of $22.01. The stock has a 50 day moving average of $16.62 and a 200 day moving average of $14.87.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The energy company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.15) by $0.34. The firm had revenue of $102.89 million for the quarter, compared to the consensus estimate of $91.73 million. Hallador Energy had a positive return on equity of 11.58% and a negative net margin of 46.61%. As a group, equities research analysts anticipate that Hallador Energy Company will post -0.31 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Charles Ray Iv Wesley acquired 20,000 shares of Hallador Energy stock in a transaction that occurred on Tuesday, August 19th. The stock was bought at an average price of $15.27 per share, for a total transaction of $305,400.00. Following the completion of the transaction, the director owned 234,914 shares in the company, valued at $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 this hyperlink. Company insiders own 23.73% of the company's stock.

Hallador Energy Company 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.