Insider Selling: Hallador Energy (NASDAQ:HNRG) Director Sells 76,659 Shares of Stock

Key Points

• Director David Hardie sold 76,659 shares of Hallador Energy (NASDAQ:HNRG) at an average price of $19.25, resulting in a transaction valued at $1,475,685.75.
• Following the sale, Hardie's ownership of Hallador's stock decreased by 39%, leaving him with 119,924 shares worth approximately $2.3 million.
• Hallador Energy recently reported $0.19 earnings per share, surpassing analyst estimates and generating revenue of $102.89 million for the quarter.

Hallador Energy Company (NASDAQ:HNRG - Get Free Report) Director David Hardie sold 76,659 shares of the company's stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $19.25, for a total transaction of $1,475,685.75. Following the sale, the director directly owned 119,924 shares of the company's stock, valued at approximately $2,308,537. This represents a 39.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Hallador Energy Stock Performance

Shares of NASDAQ:HNRG traded up $0.23 during mid-day trading on Wednesday, reaching $18.91. 282,165 shares of the company traded hands, compared to its average volume of 695,974. The company's 50 day moving average price is $17.22 and its 200-day moving average price is $15.65. The firm has a market cap of $813.49 million, a PE ratio of -3.79 and a beta of 0.45. Hallador Energy Company has a 52 week low of $7.42 and a 52 week high of $22.01. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.67 and a quick ratio of 0.26.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last issued 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. The business had revenue of $102.89 million for the quarter, compared to the consensus estimate 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, equities analysts expect that Hallador Energy Company will post -0.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Hallador Energy

Several institutional investors have recently bought and sold shares of the business. Jump Financial LLC bought a new position in Hallador Energy in the first quarter worth approximately $1,126,000. Vanguard Group Inc. increased its holdings in shares of Hallador Energy by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 1,693,561 shares of the energy company's stock valued at $20,797,000 after acquiring an additional 65,652 shares during the period. Invesco Ltd. raised its position in shares of Hallador Energy by 356.4% in the 1st quarter. Invesco Ltd. now owns 273,300 shares of the energy company's stock worth $3,356,000 after acquiring an additional 213,421 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Hallador Energy during the 1st quarter worth $1,090,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of Hallador Energy by 517.0% during the 4th quarter. BNP Paribas Financial Markets now owns 30,629 shares of the energy company's stock worth $351,000 after purchasing an additional 25,665 shares during the last quarter. 61.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Wall Street Zen raised shares of Hallador Energy from a "hold" rating to a "buy" rating in a report on Saturday, September 6th. Zacks Research upgraded shares of Hallador Energy to a "strong-buy" rating in a research report on Friday, September 12th. B. Riley downgraded shares of Hallador Energy from a "buy" rating to a "neutral" rating and increased their price target for the company from $15.00 to $17.00 in a report on Tuesday, August 12th. Finally, Citigroup lowered Hallador Energy to a "neutral" rating in a research note on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $19.00.

Hallador Energy Company Profile

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.

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