Vanguard Group Inc. Raises Position in Hallador Energy Company $HNRG

Key Points

• Vanguard Group Inc. increased its stake in Hallador Energy Company by 4.0% during Q1, holding a total of 1,693,561 shares valued at approximately $20.8 million.
• Recent ratings from analysts show mixed sentiments, with Citigroup downgrading Hallador Energy to "neutral" while Northland Securities set a price target of $23.00 with a "strong-buy" rating.
• Hallador Energy reported Q2 earnings of $0.19 per share, exceeding analyst estimates, and generated revenues of $102.89 million, which was also above predictions.

Vanguard Group Inc. raised its position in Hallador Energy Company (NASDAQ:HNRG - Free Report) by 4.0% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 1,693,561 shares of the energy company's stock after buying an additional 65,652 shares during the period. Vanguard Group Inc. owned about 3.94% of Hallador Energy worth $20,797,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in shares of Hallador Energy by 1,391.0% in the 1st quarter. GAMMA Investing LLC now owns 6,128 shares of the energy company's stock worth $750,000 after purchasing an additional 5,717 shares during the last quarter. Legal & General Group Plc raised its stake 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 worth $86,000 after buying an additional 1,435 shares during the period. Quantinno Capital Management LP raised its stake in shares of Hallador Energy by 17.0% in the 4th 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 during the period. Exchange Traded Concepts LLC raised its stake in shares of Hallador Energy by 32.5% in the 1st quarter. Exchange Traded Concepts LLC now owns 13,569 shares of the energy company's stock valued at $167,000 after purchasing an additional 3,330 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of Hallador Energy by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 14,855 shares of the energy company's stock valued at $170,000 after purchasing an additional 3,235 shares during the period. 61.38% of the stock is currently owned by institutional investors.

Insider Activity at Hallador Energy

In other news, Director Charles Ray Iv Wesley bought 20,000 shares of the company's stock in a transaction on Tuesday, August 19th. The shares were purchased at an average price of $15.27 per share, with a total value of $305,400.00. Following the transaction, the director directly owned 234,914 shares in the company, valued at $3,587,136.78. This represents a 9.31% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 23.73% of the stock is currently owned by corporate insiders.

Hallador Energy Stock Down 0.4%

NASDAQ HNRG traded down $0.07 during trading hours on Monday, hitting $16.31. The company's stock had a trading volume of 488,948 shares, compared to its average volume of 869,805. Hallador Energy Company has a 52 week low of $5.76 and a 52 week high of $22.01. The company has a market capitalization of $701.49 million, a PE ratio of -3.27 and a beta of 0.46. The company has a current ratio of 0.67, a quick ratio of 0.26 and a debt-to-equity ratio of 0.25. The company's 50-day simple moving average is $16.52 and its two-hundred day simple moving average is $14.81.

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, beating 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 business had revenue of $102.89 million for the quarter, compared to analysts' expectations of $91.73 million. Research analysts anticipate that Hallador Energy Company will post -0.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on HNRG shares. Citigroup downgraded Hallador Energy to a "neutral" rating in a research report on Tuesday, August 12th. Northland Capmk upgraded Hallador Energy to a "strong-buy" rating in a report on Monday, May 19th. Northland Securities started coverage on Hallador Energy in a report on Monday, May 19th. They set an "outperform" rating and a $23.00 price objective for the company. B. Riley downgraded shares of Hallador Energy from a "buy" rating to a "neutral" rating and lifted their price target for the company from $15.00 to $17.00 in a research report on Tuesday, August 12th. Finally, Wall Street Zen lowered Hallador Energy from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Hallador Energy has a consensus rating of "Moderate Buy" and a consensus target price of $19.00.

About Hallador Energy

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.