WINTON GROUP Ltd Acquires Shares of 52,705 Hecla Mining (NYSE:HL)

WINTON GROUP Ltd bought a new stake in shares of Hecla Mining (NYSE:HL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 52,705 shares of the basic materials company's stock, valued at approximately $259,000.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC boosted its position in Hecla Mining by 771.8% during the fourth quarter. GAMMA Investing LLC now owns 5,013 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 4,438 shares during the last quarter. Ameliora Wealth Management Ltd. purchased a new stake in shares of Hecla Mining during the 4th quarter worth about $25,000. Principal Securities Inc. acquired a new stake in shares of Hecla Mining during the 4th quarter valued at about $25,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Hecla Mining during the 3rd quarter valued at about $28,000. Finally, Blue Trust Inc. grew its stake in shares of Hecla Mining by 30.7% in the 4th quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company's stock valued at $41,000 after buying an additional 1,961 shares in the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Russell Douglas Lawlar sold 16,333 shares of Hecla Mining stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $5.18, for a total transaction of $84,604.94. Following the sale, the chief financial officer now directly owns 297,983 shares of the company's stock, valued at $1,543,551.94. This trade represents a 5.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Michael L. Clary sold 32,387 shares of the company'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 completion of the transaction, the chief accounting officer now directly owns 246,440 shares of the company's stock, valued at approximately $1,276,559.20. This trade represents a 11.62 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,915 shares of company stock valued at $300,000. 1.40% of the stock is owned by company insiders.

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Hecla Mining Stock Performance

Hecla Mining stock traded down $0.23 on Thursday, reaching $5.39. 14,097,608 shares of the stock were exchanged, compared to its average volume of 12,569,222. The company has a current ratio of 1.08, a quick ratio of 0.55 and a debt-to-equity ratio of 0.25. Hecla Mining has a twelve month low of $4.41 and a twelve month high of $7.68. The firm has a fifty day moving average price of $5.61 and a two-hundred day moving average price of $5.83. The stock has a market cap of $3.41 billion, a PE ratio of 107.82 and a beta of 1.94.

Hecla Mining (NYSE:HL - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The basic materials company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). The business had revenue of $249.66 million for the quarter, compared to analyst estimates of $229.21 million. Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. Sell-side analysts anticipate that Hecla Mining will post 0.21 EPS for the current year.

Hecla Mining Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a $0.0038 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.02 annualized dividend and a dividend yield of 0.28%. Hecla Mining's payout ratio is 20.00%.

Analyst Ratings Changes

HL has been the topic of several recent research reports. HC Wainwright reaffirmed a "buy" rating and set a $11.50 price objective on shares of Hecla Mining in a research report on Friday, February 14th. TD Securities downgraded shares of Hecla Mining from a "buy" rating to a "hold" rating and cut their price target for the company from $6.50 to $5.50 in a report on Tuesday, March 11th. Roth Mkm reduced their price objective on shares of Hecla Mining from $6.60 to $6.50 and set a "buy" rating for the company in a research note on Tuesday, February 18th. National Bank Financial raised shares of Hecla Mining to a "hold" rating in a research report on Friday, March 21st. Finally, StockNews.com raised Hecla Mining from a "sell" rating to a "hold" rating in a research report on Monday, February 17th. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $7.75.

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.