Value Aligned Research Advisors LLC Makes New Investment in Hallador Energy Company $HNRG

Key Points

• Value Aligned Research Advisors LLC acquired 320,759 Hallador Energy shares worth approximately $5.58 million, giving it a 0.68% stake. Institutional investors collectively own 61.38% of HNRG.
• Hallador insiders have been buying shares, including directors Daniel Hudson and Charles Wesley; insiders purchased 35,000 shares worth $589,170 over the past 90 days and own 17.43% of the company.
• Analyst sentiment is mixed: HNRG has an average “Moderate Buy” rating and a $25.12 target price, despite several recent downgrades. The company missed quarterly EPS expectations, reporting a loss of $0.32 per share versus the expected $0.12 loss.

Value Aligned Research Advisors LLC bought a new stake in Hallador Energy Company (NASDAQ:HNRG - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 320,759 shares of the energy company's stock, valued at approximately $5,578,000. Value Aligned Research Advisors LLC owned 0.68% of Hallador Energy at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. AQR Capital Management LLC lifted its holdings in shares of Hallador Energy by 1.9% during the first quarter. AQR Capital Management LLC now owns 103,534 shares of the energy company's stock worth $1,271,000 after purchasing an additional 1,950 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Hallador Energy by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,193 shares of the energy company's stock valued at $187,000 after purchasing an additional 624 shares in the last quarter. Millennium Management LLC raised its stake in shares of Hallador Energy by 1,233.6% during the 1st quarter. Millennium Management LLC now owns 486,532 shares of the energy company's stock worth $5,975,000 after buying an additional 450,049 shares during the last quarter. Empowered Funds LLC raised its position in Hallador Energy by 5.5% during the first quarter. Empowered Funds LLC now owns 246,106 shares of the energy company's stock worth $3,022,000 after acquiring an additional 12,921 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of Hallador Energy during the 1st quarter worth approximately $807,000. 61.38% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Hallador Energy

In related news, Director Daniel Timothy Hudson bought 5,000 shares of the firm's stock in a transaction on Thursday, July 9th. The stock was bought at an average cost of $16.58 per share, for a total transaction of $82,900.00. Following the completion of the purchase, the director directly owned 20,000 shares in the company, valued at approximately $331,600. The trade was a 33.33% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles Ray Iv Wesley bought 15,000 shares of the stock in a transaction dated Tuesday, June 16th. The shares were bought at an average cost of $16.69 per share, with a total value of $250,350.00. Following the completion of the acquisition, the director directly owned 338,469 shares of the company's stock, valued at approximately $5,649,047.61. The trade was a 4.64% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have purchased 35,000 shares of company stock valued at $589,170. Insiders own 17.43% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on HNRG shares. Weiss Ratings downgraded shares of Hallador Energy from a "hold (c-)" rating to a "sell (d-)" rating in a research note on Tuesday, August 18th. Northland Securities set a $28.00 price objective on Hallador Energy in a research note on Tuesday, August 11th. Wall Street Zen downgraded Hallador Energy from a "sell" rating to a "strong sell" rating in a report on Saturday, August 15th. Alliance Global Partners raised shares of Hallador Energy to a "strong-buy" rating in a report on Friday, August 14th. Finally, Zacks Research lowered Hallador Energy from a "hold" rating to a "strong sell" rating in a research report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $25.12.

Hallador Energy Stock Performance

Shares of HNRG opened at $16.63 on Friday. The business's fifty day moving average price is $16.13 and its 200 day moving average price is $17.10. Hallador Energy Company has a 12-month low of $13.65 and a 12-month high of $24.70. The stock has a market capitalization of $783.94 million, a PE ratio of 831.50 and a beta of 0.25. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.72 and a quick ratio of 0.24.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last released its earnings results on Monday, August 10th. The energy company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.20). The business had revenue of $101.51 million for the quarter, compared to the consensus estimate of $90.33 million. Hallador Energy had a negative net margin of 0.20% and a negative return on equity of 0.52%. Equities research analysts forecast that Hallador Energy Company will post -0.09 EPS for the current year.

About Hallador Energy

Hallador Energy Company is a coal producer and mine operator trading on NASDAQ under the symbol HNRG. The company's primary business activities center on the production and sale of bituminous thermal coal. Hallador's operations encompass two surface mines: the Shoal Creek Mine located in southwestern Indiana and the Bull Mountain Mine situated in eastern Montana. Both sites are designed to extract high-quality coal reserves for the power generation market.

Hallador Energy markets its coal primarily to electric utilities and industrial customers across the United States.

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