Tower Research Capital LLC TRC Sells 145,516 Shares of Hecla Mining (NYSE:HL)

Tower Research Capital LLC TRC lowered its stake in Hecla Mining (NYSE:HL - Free Report) by 93.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,827 shares of the basic materials company's stock after selling 145,516 shares during the quarter. Tower Research Capital LLC TRC's holdings in Hecla Mining were worth $53,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in HL. Ameliora Wealth Management Ltd. bought a new stake in shares of Hecla Mining during the 4th quarter valued at about $25,000. GAMMA Investing LLC boosted its position in shares of Hecla Mining by 771.8% during the 4th 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. bought a new stake in shares of Hecla Mining during the 4th quarter valued at about $25,000. Blue Trust Inc. boosted its position in shares of Hecla Mining by 30.7% during the 4th 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 bought a new stake in shares of Hecla Mining during the 4th quarter valued at about $44,000. Institutional investors own 63.01% of the company's stock.

Hecla Mining Trading Up 0.7%

Hecla Mining stock traded up $0.04 during trading hours on Friday, reaching $4.87. The company had a trading volume of 17,531,003 shares, compared to its average volume of 14,173,945. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 0.55. The company has a 50-day moving average price of $5.46 and a 200 day moving average price of $5.48. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 97.32 and a beta of 1.57. Hecla Mining has a 12-month low of $4.41 and a 12-month high of $7.68.

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

Hecla Mining Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 23rd will be paid a $0.0038 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $0.02 dividend on an annualized basis and a yield of 0.31%. Hecla Mining's dividend payout ratio (DPR) is currently 9.09%.

Insiders Place Their Bets

In other Hecla Mining news, CEO Robert Krcmarov bought 6,570 shares of Hecla Mining stock in a transaction dated Wednesday, February 19th. The shares were purchased at an average cost of $5.29 per share, with a total value of $34,755.30. Following the completion of the purchase, the chief executive officer now owns 331,856 shares of the company's stock, valued at approximately $1,755,518.24. This represents a 2.02% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Michael L. Clary sold 32,387 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $5.18, for a total value of $167,764.66. Following the transaction, the chief accounting officer now directly owns 246,440 shares in the company, valued at $1,276,559.20. This trade represents a 11.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 57,915 shares of company stock valued at $300,000 in the last ninety days. Company insiders own 0.62% of the company's stock.

Analyst Ratings Changes

HL has been the subject of a number of research analyst reports. National Bank Financial upgraded Hecla Mining to a "hold" rating in a research report on Friday, March 21st. StockNews.com raised Hecla Mining from a "sell" rating to a "hold" rating in a report on Monday, February 17th. HC Wainwright reissued a "buy" rating and set a $11.50 price objective on shares of Hecla Mining in a report on Friday, February 14th. Roth Mkm decreased their price objective on Hecla Mining from $6.60 to $6.50 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Finally, BMO Capital Markets reissued a "market perform" rating and set a $5.50 price objective (down from $7.50) on shares of Hecla Mining in a report on Monday, May 5th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Hecla Mining presently has a consensus rating of "Hold" and a consensus target price of $7.20.

Hecla Mining Company 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.