Voloridge Investment Management LLC Sells 263,401 Shares of Hecla Mining (NYSE:HL)

Voloridge Investment Management LLC decreased its position in Hecla Mining (NYSE:HL - Free Report) by 6.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,904,847 shares of the basic materials company's stock after selling 263,401 shares during the quarter. Voloridge Investment Management LLC owned about 0.62% of Hecla Mining worth $19,173,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Barclays PLC boosted its position in Hecla Mining by 317.4% during the third quarter. Barclays PLC now owns 909,811 shares of the basic materials company's stock worth $6,069,000 after purchasing an additional 691,862 shares during the period. Fiduciary Family Office LLC bought a new stake in Hecla Mining during the fourth quarter worth approximately $73,000. Inspire Investing LLC grew its stake in shares of Hecla Mining by 31.5% in the fourth quarter. Inspire Investing LLC now owns 81,360 shares of the basic materials company's stock worth $399,000 after acquiring an additional 19,493 shares during the last quarter. Benin Management CORP grew its stake in shares of Hecla Mining by 10.1% in the fourth quarter. Benin Management CORP now owns 32,850 shares of the basic materials company's stock worth $161,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC grew its stake in shares of Hecla Mining by 36.8% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 146,296 shares of the basic materials company's stock worth $718,000 after acquiring an additional 39,381 shares during the last quarter. Institutional investors own 63.01% of the company's stock.

Insider Buying and Selling

In other news, Director Catherine J. Boggs bought 20,000 shares of the stock in a transaction on Wednesday, May 7th. The stock was purchased at an average price of $4.99 per share, with a total value of $99,800.00. Following the completion of the purchase, the director now owns 348,169 shares of the company's stock, valued at approximately $1,737,363.31. This trade represents a 6.09% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.62% of the stock is currently owned by insiders.

Hecla Mining Price Performance

Shares of NYSE HL traded down $0.03 during midday trading on Wednesday, reaching $5.20. 5,868,737 shares of the company traded hands, compared to its average volume of 14,231,806. The stock's 50-day simple moving average is $5.36 and its 200-day simple moving average is $5.43. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.55 and a current ratio of 1.08. Hecla Mining has a 12 month low of $4.41 and a 12 month high of $7.68. The firm has a market cap of $3.29 billion, a PE ratio of 103.92 and a beta of 1.57.

Hecla Mining (NYSE:HL - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). Hecla Mining had a net margin of 3.85% and a return on equity of 3.10%. The business had revenue of $261.34 million during the quarter, compared to the consensus estimate of $238.50 million. During the same period in the prior year, the firm earned ($0.01) earnings per share. The business's quarterly revenue was up 37.9% compared to the same quarter last year. As a group, equities analysts anticipate that Hecla Mining will post 0.21 earnings per share for the current fiscal year.

Hecla Mining Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 23rd will be paid a dividend of $0.0038 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend is Friday, May 23rd. Hecla Mining's dividend payout ratio (DPR) is 9.09%.

Analyst Ratings Changes

Several brokerages have recently issued reports on HL. BMO Capital Markets restated a "market perform" rating and issued a $5.50 price objective (down previously from $7.50) on shares of Hecla Mining in a research note on Monday, May 5th. Wall Street Zen upgraded shares of Hecla Mining from a "sell" rating to a "hold" rating in a research note on Monday, February 17th. TD Securities decreased their price target on shares of Hecla Mining from $6.00 to $5.00 and set a "hold" rating on the stock in a research note on Monday, May 5th. National Bank Financial upgraded shares of Hecla Mining to a "hold" rating in a research note on Friday, March 21st. Finally, Roth Mkm cut their price objective on Hecla Mining from $6.60 to $6.50 and set a "buy" rating for the company in a report on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $7.13.

Hecla Mining Profile

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.