Hallador Energy Company $HNRG Shares Sold by Arrowpoint Investment Partners Singapore Pte. Ltd.

Arrowpoint Investment Partners Singapore Pte. Ltd. reduced its position in Hallador Energy Company (NASDAQ:HNRG) by 70.6% in the 4th quarter, Holdings Channel reports. The fund owned 56,900 shares of the energy company’s stock after selling 136,800 shares during the period. Arrowpoint Investment Partners Singapore Pte. Ltd.’s holdings in Hallador Energy were worth $1,083,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in shares of Hallador Energy during the 2nd quarter worth $27,000. EverSource Wealth Advisors LLC increased its stake in Hallador Energy by 11,110.5% in the second quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company’s stock valued at $34,000 after purchasing an additional 2,111 shares during the last quarter. USA Financial Formulas acquired a new position in Hallador Energy in the fourth quarter valued at $42,000. Tower Research Capital LLC TRC boosted its stake in Hallador Energy by 294.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,180 shares of the energy company’s stock worth $50,000 after buying an additional 2,374 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Hallador Energy in the 2nd quarter worth about $134,000. 61.38% of the stock is currently owned by institutional investors and hedge funds.

Hallador Energy Trading Up 4.5%

Shares of Hallador Energy stock opened at $18.95 on Friday. Hallador Energy Company has a twelve month low of $14.42 and a twelve month high of $24.70. The stock has a market cap of $893.11 million, a price-to-earnings ratio of 35.76 and a beta of 0.22. The company has a fifty day moving average price of $17.25 and a 200 day moving average price of $18.53.

Hallador Energy (NASDAQ:HNRG) last issued its quarterly earnings data on Wednesday, May 6th. The energy company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). Hallador Energy had a return on equity of 14.25% and a net margin of 4.98%.The company had revenue of $101.81 million for the quarter, compared to analyst estimates of $102.28 million. Analysts forecast that Hallador Energy Company will post 0.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Jefferies Financial Group raised shares of Hallador Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 26th. Wall Street Zen upgraded shares of Hallador Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 23rd. Weiss Ratings raised shares of Hallador Energy from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Northland Securities increased their price target on shares of Hallador Energy from $29.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, March 26th. Finally, B. Riley Financial upgraded shares of Hallador Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $23.00 to $27.00 in a report on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $26.63.

Hallador Energy Company Profile

Hallador Energy Company is a coal producer and mine operator trading on NASDAQ under the symbol HNRG. The company’s primary business activities center on the production and sale of bituminous thermal coal. Hallador’s operations encompass two surface mines: the Shoal Creek Mine located in southwestern Indiana and the Bull Mountain Mine situated in eastern Montana. Both sites are designed to extract high-quality coal reserves for the power generation market.

Hallador Energy markets its coal primarily to electric utilities and industrial customers across the United States.