Daniel Timothy Hudson Buys 5,000 Shares of Hallador Energy (NASDAQ:HNRG) Stock

Hallador Energy Company (NASDAQ:HNRG) Director Daniel Timothy Hudson purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, July 9th. The stock was acquired at an average cost of $16.58 per share, with a total value of $82,900.00. Following the transaction, the director directly owned 20,000 shares of the company’s stock, valued at approximately $331,600. This represents a 33.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Daniel Timothy Hudson also recently made the following trade(s):

• On Monday, June 29th, Daniel Timothy Hudson acquired 10,000 shares of Hallador Energy stock. The shares were bought at an average cost of $16.94 per share, for a total transaction of $169,400.00.
• On Thursday, June 25th, Daniel Timothy Hudson acquired 2,000 shares of Hallador Energy stock. The stock was bought at an average price of $17.70 per share, for a total transaction of $35,400.00.
• On Wednesday, June 24th, Daniel Timothy Hudson bought 3,000 shares of Hallador Energy stock. The stock was bought at an average cost of $17.04 per share, with a total value of $51,120.00.

Hallador Energy Price Performance

Shares of HNRG traded down $0.21 during mid-day trading on Friday, reaching $16.33. The company had a trading volume of 382,683 shares, compared to its average volume of 817,200. The company has a market capitalization of $769.63 million, a P/E ratio of 30.81 and a beta of 0.24. Hallador Energy Company has a twelve month low of $14.68 and a twelve month high of $24.70. The company’s 50-day moving average is $17.75 and its 200-day moving average is $17.98.

Hallador Energy (NASDAQ:HNRG) last announced its quarterly earnings results on Wednesday, May 6th. The energy company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.04). Hallador Energy had a net margin of 4.98% and a return on equity of 14.25%. The company had revenue of $101.81 million during the quarter, compared to analyst estimates of $102.28 million. As a group, equities analysts expect that Hallador Energy Company will post 0.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on HNRG shares. Northland Securities raised their price objective on shares of Hallador Energy from $29.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, March 26th. Jefferies Financial Group raised Hallador Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 26th. B. Riley Financial upgraded Hallador Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $23.00 to $27.00 in a research report on Friday, March 13th. Weiss Ratings raised Hallador Energy from a “sell (d-)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. Finally, Wall Street Zen upgraded Hallador Energy from a “strong sell” rating to a “sell” rating in a research report on Sunday, June 28th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $26.62.

Institutional Trading of Hallador Energy

Hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC raised its position in Hallador Energy by 1.9% in the 1st quarter. AQR Capital Management LLC now owns 103,534 shares of the energy company’s stock worth $1,271,000 after purchasing an additional 1,950 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Hallador Energy by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,193 shares of the energy company’s stock valued at $187,000 after buying an additional 624 shares during the last quarter. Millennium Management LLC increased its stake in shares of Hallador Energy by 1,233.6% in the 1st quarter. Millennium Management LLC now owns 486,532 shares of the energy company’s stock valued at $5,975,000 after buying an additional 450,049 shares during the period. Empowered Funds LLC increased its stake in shares of Hallador Energy by 5.5% in the 1st quarter. Empowered Funds LLC now owns 246,106 shares of the energy company’s stock valued at $3,022,000 after buying an additional 12,921 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in shares of Hallador Energy during the first quarter worth $807,000. 61.38% of the stock is owned by institutional investors.

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.