Universal Beteiligungs und Servicegesellschaft mbH Has $11.46 Million Holdings in Hecla Mining Company $HL

Universal Beteiligungs und Servicegesellschaft mbH lifted its position in Hecla Mining Company (NYSE:HL) by 207.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 946,872 shares of the basic materials company’s stock after acquiring an additional 638,618 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Hecla Mining were worth $11,457,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its stake in Hecla Mining by 9.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 12,620 shares of the basic materials company’s stock valued at $153,000 after purchasing an additional 1,134 shares during the period. GAMMA Investing LLC grew its holdings in shares of Hecla Mining by 28.7% during the third quarter. GAMMA Investing LLC now owns 6,426 shares of the basic materials company’s stock valued at $78,000 after buying an additional 1,434 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Hecla Mining by 7.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 23,080 shares of the basic materials company’s stock valued at $276,000 after buying an additional 1,516 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in Hecla Mining by 3.0% during the second quarter. Ameritas Investment Partners Inc. now owns 61,291 shares of the basic materials company’s stock valued at $367,000 after buying an additional 1,779 shares during the period. Finally, KLP Kapitalforvaltning AS lifted its stake in Hecla Mining by 1.5% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 125,800 shares of the basic materials company’s stock worth $754,000 after acquiring an additional 1,900 shares in the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP David C. Sienko sold 207,553 shares of the stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $19.42, for a total transaction of $4,030,679.26. Following the transaction, the vice president owned 906,370 shares of the company’s stock, valued at approximately $17,601,705.40. This represents a 18.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Russell Douglas Lawlar sold 148,372 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $15.00, for a total value of $2,225,580.00. Following the completion of the sale, the chief financial officer owned 347,402 shares of the company’s stock, valued at approximately $5,211,030. This trade represents a 29.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 426,679 shares of company stock valued at $7,678,773 over the last three months. 0.62% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

HL has been the topic of several research analyst reports. Zacks Research raised Hecla Mining from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Weiss Ratings restated a “hold (c+)” rating on shares of Hecla Mining in a report on Monday, December 29th. HC Wainwright boosted their price objective on shares of Hecla Mining from $12.50 to $16.50 and gave the company a “buy” rating in a research report on Thursday, November 6th. Canaccord Genuity Group set a $26.50 target price on shares of Hecla Mining in a research report on Friday. Finally, Scotiabank initiated coverage on shares of Hecla Mining in a research note on Thursday, November 13th. They set a “sector perform” rating and a $15.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Hecla Mining has a consensus rating of “Hold” and an average price target of $12.72.

Hecla Mining Trading Up 1.6%

NYSE:HL opened at $31.79 on Friday. The company has a market capitalization of $21.30 billion, a P/E ratio of 102.54 and a beta of 1.28. The stock’s 50 day moving average price is $19.83 and its 200 day moving average price is $13.44. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.51 and a current ratio of 2.15. Hecla Mining Company has a 52 week low of $4.46 and a 52 week high of $32.16.

Hecla Mining (NYSE:HL) last posted its earnings results on Wednesday, November 5th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Hecla Mining had a net margin of 16.35% and a return on equity of 7.87%. The firm had revenue of $409.54 million during the quarter, compared to analysts’ expectations of $315.60 million. During the same period in the previous year, the company earned $0.03 earnings per share. The company’s revenue was up 67.1% compared to the same quarter last year. On average, research analysts forecast that Hecla Mining Company will post 0.21 EPS for the current fiscal year.

Hecla Mining Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, November 24th were issued a $0.0038 dividend. The ex-dividend date was Monday, November 24th. This represents a $0.02 dividend on an annualized basis and a yield of 0.0%. Hecla Mining’s dividend payout ratio is currently 3.23%.

About Hecla Mining

Hecla Mining Company, founded in 1891 and headquartered in Coeur d’Alene, Idaho, is one of the oldest publicly traded precious metals companies in the United States. Originally established to develop the rich silver deposits of the Coeur d’Alene district, Hecla has evolved into a diversified mining enterprise focused on the exploration, development and production of silver and gold, with by-product credits from lead and zinc.

The company’s principal operations are located in North America and Latin America.