Jump Financial LLC Buys New Shares 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 stake in shares of Hallador Energy Company (NASDAQ:HNRG - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 91,704 shares of the energy company's stock, valued at approximately $1,126,000. Jump Financial LLC owned 0.21% of Hallador Energy at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Pinnacle Holdings LLC raised its holdings in Hallador Energy by 33.0% in the 1st 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 period. American Century Companies Inc. raised its holdings in Hallador Energy by 16.4% during the first quarter. American Century Companies Inc. now owns 924,812 shares of the energy company's stock valued at $11,357,000 after acquiring an additional 130,509 shares during the period. Fox Run Management L.L.C. bought a new stake in Hallador Energy during the first quarter valued at about $193,000. Nuveen LLC bought a new position in shares of Hallador Energy during the first quarter worth $1,090,000. Finally, Virtu Financial LLC bought a new position in shares of Hallador Energy during the first quarter worth $165,000. 61.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Hallador Energy Trading Down 0.4%

Shares of NASDAQ:HNRG traded down $0.07 during trading hours on Monday, hitting $16.31. 488,948 shares of the company's stock traded hands, compared to its average volume of 869,805. Hallador Energy Company has a 1 year low of $5.76 and a 1 year high of $22.01. The business has a fifty day moving average price of $16.52 and a 200-day moving average price of $14.81. The firm has a market capitalization of $701.49 million, a P/E ratio of -3.27 and a beta of 0.46. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.67 and a quick ratio of 0.26.

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

Insider Activity

In other news, Director Charles Ray Iv Wesley purchased 20,000 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average price of $15.27 per share, for a total transaction of $305,400.00. Following the completion of the acquisition, the director owned 234,914 shares of the company's stock, 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 legal filing with the SEC, which is available at the SEC website. 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.