Hallador Energy (NASDAQ:HNRG) Shares Sold by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. lowered its stake in shares of Hallador Energy (NASDAQ:HNRG - Free Report) by 79.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 72,721 shares of the energy company's stock after selling 277,720 shares during the quarter. Balyasny Asset Management L.P. owned about 0.17% of Hallador Energy worth $833,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Barclays PLC grew its holdings in shares of Hallador Energy by 272.9% during the third quarter. Barclays PLC now owns 33,131 shares of the energy company's stock worth $312,000 after buying an additional 24,247 shares during the last quarter. Highland Peak Capital LLC purchased a new stake in Hallador Energy in the 4th quarter valued at approximately $5,895,000. Raymond James Financial Inc. purchased a new stake in Hallador Energy in the 4th quarter valued at approximately $873,000. Russell Investments Group Ltd. boosted its holdings in Hallador Energy by 814.1% in the 4th quarter. Russell Investments Group Ltd. now owns 113,023 shares of the energy company's stock valued at $1,294,000 after purchasing an additional 100,658 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in Hallador Energy by 22.6% in the 4th quarter. American Century Companies Inc. now owns 794,303 shares of the energy company's stock valued at $9,095,000 after purchasing an additional 146,450 shares in the last quarter. Hedge funds and other institutional investors own 61.38% of the company's stock.

Hallador Energy Price Performance

Shares of HNRG stock traded up $0.34 during midday trading on Friday, reaching $19.23. 728,004 shares of the company traded hands, compared to its average volume of 592,218. The firm's 50 day simple moving average is $13.57 and its two-hundred day simple moving average is $12.15. Hallador Energy has a 1-year low of $4.86 and a 1-year high of $19.53. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.17. The firm has a market cap of $826.43 million, a PE ratio of -34.96 and a beta of 0.42.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The energy company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.16) by $0.39. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.71%. The company had revenue of $117.79 million during the quarter, compared to the consensus estimate of $98.70 million. On average, equities research analysts expect that Hallador Energy will post -0.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on HNRG. StockNews.com raised Hallador Energy from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. B. Riley lifted their price objective on Hallador Energy from $13.00 to $15.00 and gave the company a "buy" rating in a report on Tuesday, April 1st.

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.