Jump Financial LLC Purchases New Position in Hallador Energy Company $HNRG

Key Points

• Jump Financial LLC recently acquired 91,704 shares in Hallador Energy Company, valued at approximately $1.13 million, representing about 0.21% of the company.
• Institutional ownership of Hallador stands at 61.38%, with several firms like Pinnacle Holdings and Legal & General increasing their stakes recently.
• Hallador's stock received mixed ratings from analysts, with one firm upgrading it to a "strong-buy" while others downgraded their ratings; the current consensus is a "Moderate Buy" with a target price of $19.00.

Jump Financial LLC purchased a new position in shares of Hallador Energy Company (NASDAQ:HNRG - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 91,704 shares of the energy company's stock, valued at approximately $1,126,000. Jump Financial LLC owned about 0.21% of Hallador Energy as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Pinnacle Holdings LLC lifted its stake in Hallador Energy by 33.0% during the first quarter. Pinnacle Holdings LLC now owns 5,538 shares of the energy company's stock worth $68,000 after purchasing an additional 1,373 shares during the last quarter. GAMMA Investing LLC lifted its stake in Hallador Energy by 1,391.0% during the first quarter. GAMMA Investing LLC now owns 6,128 shares of the energy company's stock worth $750,000 after purchasing an additional 5,717 shares during the last quarter. Legal & General Group Plc lifted its stake in 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 purchasing an additional 1,435 shares during the last quarter. Quantinno Capital Management LP lifted its stake in Hallador Energy by 17.0% during 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 last quarter. Finally, Virtu Financial LLC bought a new stake in Hallador Energy during the first quarter worth about $165,000. Institutional investors own 61.38% of the company's stock.

Insider Transactions at Hallador Energy

In other Hallador Energy news, Director Charles Ray Iv Wesley purchased 20,000 shares of Hallador Energy stock in a transaction that occurred on Tuesday, August 19th. The shares were bought at an average price of $15.27 per share, for a total transaction of $305,400.00. Following the acquisition, the director directly owned 234,914 shares in the company, valued at approximately $3,587,136.78. This trade represents a 9.31% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 23.73% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on HNRG. B. Riley lowered Hallador Energy from a "buy" rating to a "neutral" rating and lifted their price target for the stock from $15.00 to $17.00 in a research note on Tuesday, August 12th. Northland Securities began coverage on Hallador Energy in a research note on Monday, May 19th. They issued an "outperform" rating and a $23.00 target price for the company. Northland Capmk raised Hallador Energy to a "strong-buy" rating in a research note on Monday, May 19th. Citigroup lowered Hallador Energy to a "neutral" rating in a research note on Tuesday, August 12th. Finally, Wall Street Zen lowered Hallador Energy from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $19.00.

Hallador Energy Trading Up 0.7%

Shares of NASDAQ HNRG traded up $0.11 during midday trading on Thursday, reaching $16.45. The company had a trading volume of 462,825 shares, compared to its average volume of 852,437. Hallador Energy Company has a one year low of $5.76 and a one year high of $22.01. The stock has a market cap of $707.51 million, a PE ratio of -3.30 and a beta of 0.45. The company has a quick ratio of 0.26, a current ratio of 0.67 and a debt-to-equity ratio of 0.25. The firm's fifty day moving average price is $16.62 and its 200-day moving average price is $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. Hallador Energy had a positive return on equity of 11.58% and a negative net margin of 46.61%.The company had revenue of $102.89 million for the quarter, compared to the consensus estimate of $91.73 million. On average, equities research analysts anticipate that Hallador Energy Company will post -0.31 earnings per share for the current year.

About Hallador Energy

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.