Hecla Mining (NYSE:HL) Shares Sold by Jump Financial LLC

Jump Financial LLC lowered its position in Hecla Mining (NYSE:HL - Free Report) by 97.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,029 shares of the basic materials company's stock after selling 441,422 shares during the quarter. Jump Financial LLC's holdings in Hecla Mining were worth $49,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in HL. Ameliora Wealth Management Ltd. acquired a new stake in shares of Hecla Mining during the fourth quarter valued at $25,000. GAMMA Investing LLC boosted its stake in shares of Hecla Mining by 771.8% during the fourth quarter. GAMMA Investing LLC now owns 5,013 shares of the basic materials company's stock valued at $25,000 after acquiring an additional 4,438 shares during the last quarter. Principal Securities Inc. acquired a new stake in shares of Hecla Mining during the fourth quarter valued at $25,000. Blue Trust Inc. boosted its stake in shares of Hecla Mining by 30.7% during the fourth quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company's stock valued at $41,000 after acquiring an additional 1,961 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Hecla Mining during the fourth quarter valued at $44,000. Hedge funds and other institutional investors own 63.01% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. National Bank Financial raised Hecla Mining to a "hold" rating in a research note on Friday, March 21st. Roth Mkm decreased their price target on Hecla Mining from $6.60 to $6.50 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. HC Wainwright reissued a "buy" rating and issued a $11.50 price target on shares of Hecla Mining in a research note on Friday, February 14th. TD Securities lowered Hecla Mining from a "buy" rating to a "hold" rating and decreased their price target for the stock from $6.50 to $5.50 in a research note on Tuesday, March 11th. Finally, StockNews.com raised Hecla Mining from a "sell" rating to a "hold" rating in a research note on Monday, February 17th. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Hecla Mining presently has an average rating of "Moderate Buy" and an average target price of $7.75.

Hecla Mining Trading Down 4.3 %

Shares of Hecla Mining stock traded down $0.25 during trading hours on Thursday, reaching $5.48. The stock had a trading volume of 24,229,501 shares, compared to its average volume of 13,473,759. The firm has a 50 day simple moving average of $5.54 and a two-hundred day simple moving average of $5.67. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of 109.52 and a beta of 1.77. The company has a current ratio of 1.08, a quick ratio of 0.55 and a debt-to-equity ratio of 0.25. Hecla Mining has a 1 year low of $4.41 and a 1 year high of $7.68.

Hecla Mining (NYSE:HL - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.04 EPS for the quarter, hitting analysts' consensus estimates of $0.04. Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. As a group, equities research analysts anticipate that Hecla Mining will post 0.21 earnings per share for the current year.

Hecla Mining Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were issued a $0.0038 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.27%. Hecla Mining's dividend payout ratio (DPR) is 20.00%.

Insider Transactions at Hecla Mining

In related news, CAO Michael L. Clary sold 32,387 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $5.18, for a total transaction of $167,764.66. Following the sale, the chief accounting officer now directly owns 246,440 shares in the company, valued at approximately $1,276,559.20. This trade represents a 11.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Kurt Allen sold 9,195 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $5.18, for a total value of $47,630.10. Following the sale, the vice president now owns 104,512 shares in the company, valued at approximately $541,372.16. The trade was a 8.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 57,915 shares of company stock worth $300,000 in the last three months. 1.40% of the stock is currently owned by company insiders.

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.