Hecla Mining (NYSE:HL) Shares Sold by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP cut its position in Hecla Mining (NYSE:HL - Free Report) by 81.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,645 shares of the basic materials company's stock after selling 67,918 shares during the period. Occudo Quantitative Strategies LP's holdings in Hecla Mining were worth $77,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Barclays PLC boosted its holdings in Hecla Mining by 317.4% in the third quarter. Barclays PLC now owns 909,811 shares of the basic materials company's stock valued at $6,069,000 after purchasing an additional 691,862 shares during the last quarter. M.E. Allison & CO. Inc. acquired a new position in shares of Hecla Mining in the 4th quarter valued at about $49,000. Fiduciary Family Office LLC purchased a new stake in shares of Hecla Mining in the fourth quarter worth about $73,000. Inspire Investing LLC boosted its stake in shares of Hecla Mining by 31.5% in the fourth quarter. Inspire Investing LLC now owns 81,360 shares of the basic materials company's stock worth $399,000 after buying an additional 19,493 shares during the last quarter. Finally, Benin Management CORP grew its holdings in Hecla Mining by 10.1% during the fourth quarter. Benin Management CORP now owns 32,850 shares of the basic materials company's stock worth $161,000 after acquiring an additional 3,000 shares during the period. 63.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HL. TD Securities decreased their price target on Hecla Mining from $6.00 to $5.00 and set a "hold" rating for the company in a report on Monday, May 5th. HC Wainwright reaffirmed a "buy" rating and set a $11.50 target price on shares of Hecla Mining in a report on Friday, February 14th. Roth Mkm decreased their target price on shares of Hecla Mining from $6.60 to $6.50 and set a "buy" rating for the company in a research note on Tuesday, February 18th. National Bank Financial upgraded shares of Hecla Mining to a "hold" rating in a research report on Friday, March 21st. Finally, BMO Capital Markets reaffirmed a "market perform" rating and issued a $5.50 price objective (down previously from $7.50) on shares of Hecla Mining in a report on Monday, May 5th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $7.20.

Insider Buying and Selling

In other news, Director Catherine J. Boggs purchased 20,000 shares of the stock in a transaction dated Wednesday, May 7th. The shares were purchased at an average cost of $4.99 per share, with a total value of $99,800.00. Following the completion of the purchase, the director now directly 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Kurt Allen sold 9,195 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 $47,630.10. Following the completion of the transaction, the vice president now directly owns 104,512 shares of the company's stock, valued at approximately $541,372.16. This represents a 8.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 57,915 shares of company stock worth $300,000 in the last 90 days. Insiders own 0.62% of the company's stock.

Hecla Mining Price Performance

Shares of Hecla Mining stock traded down $0.04 on Thursday, reaching $5.03. The company's stock had a trading volume of 10,943,060 shares, compared to its average volume of 14,195,494. The company has a quick ratio of 0.55, a current ratio of 1.08 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $3.18 billion, a P/E ratio of 100.62 and a beta of 1.57. The stock has a 50-day moving average price of $5.42 and a 200-day moving average price of $5.46. Hecla Mining has a 52-week low of $4.41 and a 52-week high of $7.68.

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

Hecla Mining Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 23rd will be given a $0.0038 dividend. The ex-dividend date is Friday, May 23rd. This represents a $0.02 annualized dividend and a dividend yield of 0.30%. Hecla Mining's dividend payout ratio (DPR) is 9.09%.

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.