Nuveen Asset Management LLC Sells 42,040 Shares of Hallador Energy (NASDAQ:HNRG)

Nuveen Asset Management LLC lessened its holdings in shares of Hallador Energy (NASDAQ:HNRG - Free Report) by 7.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 551,479 shares of the energy company's stock after selling 42,040 shares during the period. Nuveen Asset Management LLC owned about 1.29% of Hallador Energy worth $6,314,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Legal & General Group Plc increased its holdings in Hallador Energy by 23.5% during the 4th quarter. Legal & General Group Plc now owns 7,539 shares of the energy company's stock valued at $86,000 after purchasing an additional 1,435 shares during the period. XTX Topco Ltd purchased a new position in shares of Hallador Energy during the 4th quarter worth approximately $121,000. Intech Investment Management LLC purchased a new position in shares of Hallador Energy during the 4th quarter worth approximately $156,000. Sage Investment Counsel LLC purchased a new position in shares of Hallador Energy during the 4th quarter worth approximately $160,000. Finally, Wells Fargo & Company MN grew its holdings in shares of Hallador Energy by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 14,855 shares of the energy company's stock worth $170,000 after acquiring an additional 3,235 shares during the period. Hedge funds and other institutional investors own 61.38% of the company's stock.

Hallador Energy Stock Performance

Shares of NASDAQ HNRG traded down $0.23 during midday trading on Wednesday, hitting $16.88. 1,293,300 shares of the stock traded hands, compared to its average volume of 589,867. The firm has a 50-day moving average of $15.12 and a two-hundred day moving average of $12.78. The firm has a market capitalization of $725.43 million, a P/E ratio of -30.69 and a beta of 0.42. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.17 and a current ratio of 0.58. Hallador Energy has a one year low of $4.86 and a one year high of $19.71.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last announced its earnings results on Monday, May 12th. The energy company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of ($0.16) by $0.39. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. The company had revenue of $117.79 million for the quarter, compared to analysts' expectations of $98.70 million. On average, equities analysts forecast that Hallador Energy will post -0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on HNRG. Northland Securities began 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. Northland Capmk upgraded Hallador Energy to a "strong-buy" rating in a research note on Monday, May 19th. B. Riley upped their price target on Hallador Energy from $13.00 to $15.00 and gave the stock a "buy" rating in a research note on Tuesday, April 1st. Finally, Wall Street Zen cut Hallador Energy from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Hallador Energy presently has an average rating of "Buy" and an average price target of $18.33.

Insider Buying and Selling

In related news, Director David C. Hardie sold 97,837 shares of the firm's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $19.05, for a total value of $1,863,794.85. Following the transaction, the director now directly owns 139,089 shares of the company's stock, valued at approximately $2,649,645.45. This trade represents a 41.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 23.73% of the stock is owned by insiders.

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.