Insider Selling: Hallador Energy (NASDAQ:HNRG) Director Sells 18,775 Shares of Stock

Hallador Energy (NASDAQ:HNRG) Director David C. Hardie sold 18,775 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $13.02, for a total value of $244,450.50. Following the transaction, the director now directly owns 2,022,713 shares in the company, valued at $26,335,723.26. This trade represents a 0.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Hallador Energy Stock Performance

Shares of HNRG opened at $12.63 on Thursday. The stock has a market capitalization of $538.29 million, a price-to-earnings ratio of -22.96 and a beta of 0.68. The firm has a fifty day simple moving average of $11.18 and a 200 day simple moving average of $8.70. The company has a current ratio of 0.58, a quick ratio of 0.17 and a debt-to-equity ratio of 0.16. Hallador Energy has a 12 month low of $4.33 and a 12 month high of $14.00.

Hallador Energy (NASDAQ:HNRG) last posted its quarterly earnings results on Tuesday, November 12th. The energy company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.14. The firm had revenue of $105.04 million during the quarter, compared to the consensus estimate of $117.10 million. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. During the same period last year, the company earned $0.47 earnings per share. Research analysts forecast that Hallador Energy will post -0.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Hallador Energy

Large investors have recently modified their holdings of the stock. Empyrean Capital Partners LP acquired a new position in shares of Hallador Energy in the second quarter valued at approximately $3,885,000. Taconic Capital Advisors LP bought a new stake in shares of Hallador Energy in the third quarter valued at about $4,147,000. B. Riley Wealth Advisors Inc. grew its stake in shares of Hallador Energy by 3,171.7% in the second quarter. B. Riley Wealth Advisors Inc. now owns 376,250 shares of the energy company’s stock valued at $2,923,000 after acquiring an additional 364,750 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Hallador Energy during the second quarter worth about $2,197,000. Finally, Stifel Financial Corp raised its stake in Hallador Energy by 959.7% in the 3rd quarter. Stifel Financial Corp now owns 264,976 shares of the energy company’s stock worth $2,499,000 after purchasing an additional 239,972 shares in the last quarter. 61.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HNRG has been the topic of a number of analyst reports. StockNews.com downgraded Hallador Energy from a “hold” rating to a “sell” rating in a research note on Sunday, August 18th. Alliance Global Partners assumed coverage on Hallador Energy in a research note on Monday. They issued a “buy” rating and a $17.00 target price on the stock. Finally, B. Riley boosted their target price on Hallador Energy from $9.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th.

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.