Man Group plc Has $3.61 Million Stake in Hecla Mining (NYSE:HL)

Man Group plc lifted its position in Hecla Mining (NYSE:HL - Free Report) by 349.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 735,420 shares of the basic materials company's stock after purchasing an additional 571,761 shares during the quarter. Man Group plc owned approximately 0.12% of Hecla Mining worth $3,611,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Ameliora Wealth Management Ltd. acquired a new stake in shares of Hecla Mining in the 4th quarter valued at about $25,000. Principal Securities Inc. acquired a new stake in shares of Hecla Mining in the 4th quarter valued at about $25,000. Blue Trust Inc. boosted its position in shares of Hecla Mining by 30.7% in the 4th quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company's stock valued at $41,000 after purchasing an additional 1,961 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in Hecla Mining during the 4th quarter worth approximately $44,000. Finally, Haven Private LLC acquired a new stake in Hecla Mining during the 4th quarter worth approximately $49,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Catherine J. Boggs acquired 20,000 shares of the business's stock in a transaction dated Wednesday, May 7th. The stock was bought at an average price of $4.99 per share, for a total transaction of $99,800.00. Following the transaction, the director now owns 348,169 shares of the company's stock, valued at approximately $1,737,363.31. The trade was a 6.09% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Michael L. Clary sold 32,387 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $5.18, for a total value of $167,764.66. Following the completion of the sale, the chief accounting officer now owns 246,440 shares of the company's stock, valued at $1,276,559.20. The trade was a 11.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold 57,915 shares of company stock valued at $300,000 in the last three months. 0.62% of the stock is currently owned by corporate insiders.

Hecla Mining Stock Up 2.2%

Shares of NYSE:HL traded up $0.11 during trading on Tuesday, hitting $5.21. The company's stock had a trading volume of 19,001,901 shares, compared to its average volume of 14,264,718. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.55 and a current ratio of 1.08. Hecla Mining has a fifty-two week low of $4.41 and a fifty-two week high of $7.68. The stock's 50-day moving average price is $5.36 and its two-hundred day moving average price is $5.43. The company has a market capitalization of $3.30 billion, a PE ratio of 104.22 and a beta of 1.57.

Hecla Mining (NYSE:HL - Get Free Report) last posted its earnings results on Thursday, May 1st. The basic materials company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). The company had revenue of $261.34 million for the quarter, compared to the consensus estimate of $238.50 million. Hecla Mining had a net margin of 3.85% and a return on equity of 3.10%. The firm's revenue for the quarter was up 37.9% compared to the same quarter last year. During the same period last year, the company posted ($0.01) earnings per share. As a group, sell-side analysts expect that Hecla Mining will post 0.21 EPS for the current year.

Hecla Mining Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 23rd will be issued a $0.0038 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date is Friday, May 23rd. Hecla Mining's dividend payout ratio (DPR) is 9.09%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. TD Securities decreased their price objective on Hecla Mining from $6.00 to $5.00 and set a "hold" rating for the company in a research report on Monday, May 5th. HC Wainwright reaffirmed a "buy" rating and set a $11.50 price objective on shares of Hecla Mining in a research report on Friday, February 14th. Wall Street Zen raised Hecla Mining from a "sell" rating to a "hold" rating in a research report on Monday, February 17th. BMO Capital Markets reaffirmed a "market perform" rating and set a $5.50 price objective (down from $7.50) on shares of Hecla Mining in a research report on Monday, May 5th. Finally, Roth Mkm decreased their price objective on Hecla Mining from $6.60 to $6.50 and set a "buy" rating for the company in a research report on Tuesday, February 18th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $7.13.

About Hecla Mining

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.