Vanguard Group Inc. Has $20.80 Million Stock Holdings 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. boosted its holdings in Hallador Energy Company (NASDAQ:HNRG - Free Report) by 4.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 approximately 3.94% of Hallador Energy worth $20,797,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of HNRG. Point72 Asset Management L.P. raised its stake in Hallador Energy by 4,460.2% during the 4th quarter. Point72 Asset Management L.P. now owns 1,097,500 shares of the energy company's stock valued at $12,566,000 after purchasing an additional 1,073,433 shares during the last quarter. Empyrean Capital Partners LP increased its holdings in shares of 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 worth $15,171,000 after purchasing an additional 550,000 shares during the period. Apis Capital Advisors LLC raised its position in shares of Hallador Energy by 106.9% during the fourth quarter. Apis Capital Advisors LLC now owns 898,000 shares of the energy company's stock valued at $10,282,000 after buying an additional 464,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Hallador Energy by 10.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,883,814 shares of the energy company's stock valued at $21,569,000 after buying an additional 173,749 shares during the period. Finally, CastleKnight Management LP grew its position in Hallador Energy by 27.9% during the fourth quarter. CastleKnight Management LP now owns 448,428 shares of the energy company's stock worth $5,135,000 after buying an additional 97,931 shares in the last quarter. 61.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

HNRG has been the subject of several recent research reports. Northland Capmk raised Hallador Energy to a "strong-buy" rating in a report on Monday, May 19th. Citigroup lowered Hallador Energy to a "neutral" rating in a research note on Tuesday, August 12th. Northland Securities began coverage on Hallador Energy in a research report on Monday, May 19th. They issued an "outperform" rating and a $23.00 target price for the company. Wall Street Zen downgraded shares of Hallador Energy from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Finally, B. Riley cut shares of Hallador Energy from a "buy" rating to a "neutral" rating and increased their price objective for the company from $15.00 to $17.00 in a research note on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Hallador Energy presently has an average rating of "Moderate Buy" and an average target price of $19.00.

Hallador Energy Price Performance

Shares of Hallador Energy stock traded up $0.11 during mid-day trading on Thursday, reaching $16.45. 462,825 shares of the stock were exchanged, compared to its average volume of 852,437. The company has a market cap of $707.51 million, a price-to-earnings ratio of -3.30 and a beta of 0.45. The firm has a 50-day simple moving average of $16.62 and a 200 day simple moving average of $14.87. The company has a current ratio of 0.67, a quick ratio of 0.26 and a debt-to-equity ratio of 0.25. Hallador Energy Company has a fifty-two week low of $5.76 and a fifty-two week high of $22.01.

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

Insider Buying and Selling

In other Hallador Energy news, Director Charles Ray Iv Wesley bought 20,000 shares of the firm's stock in a transaction dated Tuesday, August 19th. The shares were bought at an average price of $15.27 per share, for a total transaction of $305,400.00. Following the completion of the acquisition, the director owned 234,914 shares of the company's stock, 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 legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 23.73% of the company's stock.

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.