Point72 Asset Management L.P. Acquires 1,073,433 Shares of Hallador Energy (NASDAQ:HNRG)

Point72 Asset Management L.P. raised its holdings in shares of Hallador Energy (NASDAQ:HNRG - Free Report) by 4,460.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,097,500 shares of the energy company's stock after acquiring an additional 1,073,433 shares during the quarter. Point72 Asset Management L.P. owned approximately 2.58% of Hallador Energy worth $12,566,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its stake in Hallador Energy by 10.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,883,814 shares of the energy company's stock valued at $21,569,000 after acquiring an additional 173,749 shares in the last quarter. Vanguard Group Inc. grew its stake in Hallador Energy by 13.9% during the 4th quarter. Vanguard Group Inc. now owns 1,627,909 shares of the energy company's stock valued at $18,640,000 after acquiring an additional 198,790 shares in the last quarter. Empyrean Capital Partners LP grew its stake in Hallador Energy by 71.0% during the 4th quarter. Empyrean Capital Partners LP now owns 1,325,000 shares of the energy company's stock valued at $15,171,000 after acquiring an additional 550,000 shares in the last quarter. Apis Capital Advisors LLC grew its stake in Hallador Energy by 106.9% during the 4th quarter. Apis Capital Advisors LLC now owns 898,000 shares of the energy company's stock valued at $10,282,000 after acquiring an additional 464,000 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in Hallador Energy by 22.6% during the 4th quarter. American Century Companies Inc. now owns 794,303 shares of the energy company's stock valued at $9,095,000 after acquiring an additional 146,450 shares in the last quarter. Hedge funds and other institutional investors own 61.38% of the company's stock.

Insider Buying and Selling

In related news, Director David C. Hardie sold 97,837 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director now directly owns 139,089 shares in the company, valued at approximately $2,649,645.45. The trade was a 41.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 32.30% of the company's stock.

Hallador Energy Stock Down 7.3%

Shares of Hallador Energy stock traded down $1.38 during trading on Friday, hitting $17.45. 2,098,763 shares of the stock traded hands, compared to its average volume of 598,910. The stock has a market cap of $749.93 million, a P/E ratio of -31.73 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 twelve month low of $4.86 and a twelve month high of $19.71. The company has a fifty day moving average price of $14.35 and a two-hundred day moving average price of $12.46.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The energy company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $117.79 million during the quarter, compared to analyst estimates of $98.70 million. Equities research analysts predict that Hallador Energy will post -0.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on HNRG shares. Northland Securities initiated coverage on Hallador Energy in a research note on Monday, May 19th. They set an "outperform" rating and a $23.00 target price on the stock. Northland Capmk upgraded Hallador Energy to a "strong-buy" rating in a report on Monday, May 19th. B. Riley lifted their price target on Hallador Energy from $13.00 to $15.00 and gave the company a "buy" rating in a report on Tuesday, April 1st. Finally, Wall Street Zen lowered Hallador Energy from a "buy" rating to a "hold" rating in a report on Wednesday. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $18.33.

Hallador Energy 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.