Raymond James Financial Inc. Takes $873,000 Position in Hallador Energy (NASDAQ:HNRG)

Raymond James Financial Inc. acquired a new position in shares of Hallador Energy (NASDAQ:HNRG - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 76,254 shares of the energy company's stock, valued at approximately $873,000. Raymond James Financial Inc. owned 0.18% of Hallador Energy at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Legal & General Group Plc boosted its holdings in Hallador Energy by 23.5% in the fourth quarter. Legal & General Group Plc now owns 7,539 shares of the energy company's stock valued at $86,000 after acquiring an additional 1,435 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of Hallador Energy in the 4th quarter worth about $156,000. Sage Investment Counsel LLC acquired a new position in shares of Hallador Energy in the 4th quarter valued at about $160,000. Wells Fargo & Company MN grew its holdings in shares of Hallador Energy by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 14,855 shares of the energy company's stock worth $170,000 after purchasing an additional 3,235 shares during the period. Finally, Bleakley Financial Group LLC purchased a new stake in shares of Hallador Energy during the 4th quarter worth about $171,000. 61.38% of the stock is owned by institutional investors and hedge funds.

Hallador Energy Stock Up 0.3 %

Shares of NASDAQ HNRG opened at $14.71 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.17 and a current ratio of 0.58. Hallador Energy has a 1 year low of $4.86 and a 1 year high of $15.22. The stock's 50-day simple moving average is $12.21 and its 200-day simple moving average is $11.74. The firm has a market cap of $632.18 million, a price-to-earnings ratio of -26.74 and a beta of 0.42.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last announced its quarterly earnings data on Monday, March 17th. The energy company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.01. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.71%. The company had revenue of $94.80 million during the quarter, compared to analyst estimates of $102.46 million. As a group, equities analysts anticipate that Hallador Energy will post -0.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HNRG has been the topic of a number of recent research reports. B. Riley lifted their price target on shares of Hallador Energy from $13.00 to $15.00 and gave the company a "buy" rating in a research report on Tuesday, April 1st. StockNews.com downgraded shares of Hallador Energy from a "hold" rating to a "sell" rating in a research note on Monday.

Hallador Energy 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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