160,000 Shares in Hallador Energy Company $HNRG Purchased by JB Capital Partners LP

JB Capital Partners LP purchased a new stake in Hallador Energy Company (NASDAQ:HNRG - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 160,000 shares of the energy company's stock, valued at approximately $2,782,400. JB Capital Partners LP owned approximately 0.34% of Hallador Energy at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Galaxy Digital Inc. acquired a new position in Hallador Energy during the 1st quarter worth approximately $1,628,000. Monashee Investment Management LLC purchased a new position in shares of Hallador Energy in the 1st quarter valued at approximately $1,465,000. Dimensional Fund Advisors LP lifted its position in Hallador Energy by 12.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,022,983 shares of the energy company's stock valued at $16,658,000 after purchasing an additional 109,781 shares during the period. Empyrean Capital Partners LP bought a new position in Hallador Energy during the first quarter valued at approximately $8,140,000. Finally, Deutsche Bank AG bought a new stake in Hallador Energy during the 2nd quarter valued at $13,534,000. Institutional investors own 61.38% of the company's stock.

Insider Activity at Hallador Energy

In related news, Director Daniel Timothy Hudson acquired 10,000 shares of the firm's stock in a transaction that occurred on Monday, June 29th. The stock was purchased at an average cost of $16.94 per share, with a total value of $169,400.00. Following the transaction, the director directly owned 15,000 shares of the company's stock, valued at $254,100. This trade represents a 200.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Charles Ray Iv Wesley purchased 15,000 shares of the firm's stock in a transaction on Tuesday, June 16th. The stock was acquired at an average cost of $16.69 per share, with a total value of $250,350.00. Following the transaction, the director directly owned 338,469 shares in the company, valued at $5,649,047.61. This trade represents a 4.64% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have purchased 35,000 shares of company stock valued at $589,170. 17.43% of the stock is owned by corporate insiders.

Hallador Energy Stock Performance

NASDAQ HNRG traded down $0.33 during trading hours on Friday, hitting $16.30. 330,067 shares of the stock were exchanged, compared to its average volume of 804,390. Hallador Energy Company has a 12-month low of $13.65 and a 12-month high of $24.70. The stock has a 50-day moving average of $16.13 and a 200 day moving average of $17.10. The company has a market cap of $768.38 million, a price-to-earnings ratio of 815.00 and a beta of 0.25. The company has a quick ratio of 0.24, a current ratio of 0.72 and a debt-to-equity ratio of 0.21.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The energy company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.20). The business had revenue of $101.51 million during the quarter, compared to the consensus estimate of $90.33 million. Hallador Energy had a negative return on equity of 0.52% and a negative net margin of 0.20%. As a group, equities research analysts forecast that Hallador Energy Company will post -0.09 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on HNRG. Northland Securities set a $28.00 target price on Hallador Energy in a research note on Tuesday, August 11th. Alliance Global Partners upgraded Hallador Energy to a "strong-buy" rating in a research note on Friday, August 14th. Zacks Research downgraded shares of Hallador Energy from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 12th. Wall Street Zen downgraded Hallador Energy from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 15th. Finally, 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. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Hallador Energy presently has an average rating of "Moderate Buy" and a consensus target price of $25.12.

Hallador Energy Profile

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.