Trexquant Investment LP Raises Stake in Hallador Energy Company $HNRG

Key Points

• Trexquant Investment LP significantly increased its stake in Hallador Energy Company by 308.0%, now owning 47,331 shares valued at approximately $581,000.
• Several analysts have updated their ratings for Hallador Energy, with Northland Capital Markets upgrading it to a "strong-buy" and a price target of $23.00, while Citigroup downgraded it to a "neutral" rating.
• Director Charles Ray Iv Wesley purchased 20,000 shares of Hallador Energy at an average cost of $15.27 per share, increasing their ownership stake by 9.31%.

Trexquant Investment LP raised its position in shares of Hallador Energy Company (NASDAQ:HNRG - Free Report) by 308.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,331 shares of the energy company's stock after purchasing an additional 35,731 shares during the quarter. Trexquant Investment LP owned 0.11% of Hallador Energy worth $581,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Pinnacle Holdings LLC lifted its holdings in Hallador Energy by 33.0% during the first quarter. Pinnacle Holdings LLC now owns 5,538 shares of the energy company's stock valued at $68,000 after purchasing an additional 1,373 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in Hallador Energy by 17.0% during the fourth quarter. Quantinno Capital Management LP now owns 11,915 shares of the energy company's stock valued at $136,000 after purchasing an additional 1,729 shares in the last quarter. Virtu Financial LLC purchased a new position in Hallador Energy during the first quarter valued at approximately $165,000. Exchange Traded Concepts LLC raised its position in shares of Hallador Energy by 32.5% during the first quarter. Exchange Traded Concepts LLC now owns 13,569 shares of the energy company's stock valued at $167,000 after buying an additional 3,330 shares during the last quarter. Finally, Pullen Investment Management LLC bought a new stake in shares of Hallador Energy during the first quarter valued at approximately $184,000. Hedge funds and other institutional investors own 61.38% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Northland Capmk upgraded shares of Hallador Energy to a "strong-buy" rating in a research report on Monday, May 19th. Citigroup cut shares of Hallador Energy to a "neutral" rating in a research report on Tuesday, August 12th. Northland Securities assumed coverage on shares of Hallador Energy in a research report on Monday, May 19th. They set an "outperform" rating and a $23.00 price objective on the stock. B. Riley cut shares of Hallador Energy from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $15.00 to $17.00 in a research report on Tuesday, August 12th. Finally, Wall Street Zen upgraded shares of Hallador Energy from a "hold" rating to a "buy" rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Hallador Energy has a consensus rating of "Moderate Buy" and an average target price of $19.00.

Insider Activity at Hallador Energy

In other news, Director Charles Ray Iv Wesley purchased 20,000 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average cost of $15.27 per share, with a total value of $305,400.00. Following the purchase, the director owned 234,914 shares in the company, valued at approximately $3,587,136.78. This trade represents a 9.31% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 23.73% of the company's stock.

Hallador Energy Trading Up 2.2%

Shares of HNRG opened at $17.41 on Tuesday. The company's fifty day moving average is $16.68 and its 200 day moving average is $15.00. Hallador Energy Company has a fifty-two week low of $5.76 and a fifty-two week high of $22.01. The stock has a market capitalization of $748.80 million, a PE ratio of -3.49 and a beta of 0.46. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.26 and a current ratio of 0.67.

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

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.

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