B. Riley Wealth Advisors Inc. Trims Stock Position in Hallador Energy (NASDAQ:HNRG)

B. Riley Wealth Advisors Inc. reduced its position in Hallador Energy (NASDAQ:HNRG - Free Report) by 35.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 241,200 shares of the energy company's stock after selling 135,050 shares during the quarter. B. Riley Wealth Advisors Inc. owned approximately 0.57% of Hallador Energy worth $2,281,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Geode Capital Management LLC boosted its holdings in Hallador Energy by 4.2% in the third quarter. Geode Capital Management LLC now owns 672,801 shares of the energy company's stock valued at $6,346,000 after purchasing an additional 27,093 shares during the period. American Century Companies Inc. raised its position in Hallador Energy by 7.6% in the 2nd quarter. American Century Companies Inc. now owns 555,879 shares of the energy company's stock valued at $4,319,000 after purchasing an additional 39,032 shares in the last quarter. State Street Corp boosted its stake in shares of Hallador Energy by 1.5% in the 3rd quarter. State Street Corp now owns 525,123 shares of the energy company's stock valued at $4,952,000 after buying an additional 7,764 shares during the period. Empyrean Capital Partners LP acquired a new position in shares of Hallador Energy during the second quarter worth about $3,885,000. Finally, Taconic Capital Advisors LP purchased a new stake in shares of Hallador Energy during the third quarter worth approximately $4,147,000. 61.38% of the stock is currently owned by hedge funds and other institutional investors.

Hallador Energy Stock Down 4.4 %

HNRG stock traded down $0.54 during midday trading on Monday, reaching $11.85. 469,763 shares of the company were exchanged, compared to its average volume of 479,662. The company has a market cap of $505.01 million, a price-to-earnings ratio of -22.53 and a beta of 0.69. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.17 and a current ratio of 0.58. Hallador Energy has a 1-year low of $4.33 and a 1-year high of $14.00. The stock's 50-day simple moving average is $11.27 and its 200 day simple moving average is $8.78.

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

Analyst Ratings Changes

A number of research analysts recently issued reports on HNRG shares. Alliance Global Partners started coverage on shares of Hallador Energy in a research note on Monday, December 9th. They issued a "buy" rating and a $17.00 price target for the company. B. Riley boosted their target price on shares of Hallador Energy from $9.00 to $13.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Finally, StockNews.com cut Hallador Energy from a "hold" rating to a "sell" rating in a research note on Sunday, August 18th.

Insider Activity

In other news, Director David C. Hardie sold 18,775 shares of Hallador Energy 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 of the company's stock, valued at $26,335,723.26. The trade was a 0.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders sold 104,524 shares of company stock valued at $1,356,743. Insiders own 32.30% of the company's stock.

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.