Hallador Energy (NASDAQ:HNRG) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its holdings in shares of Hallador Energy (NASDAQ:HNRG - Free Report) by 46.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,426 shares of the energy company's stock after selling 55,078 shares during the period. Bank of New York Mellon Corp owned about 0.15% of Hallador Energy worth $726,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Rhumbline Advisers increased its position in shares of Hallador Energy by 3.0% during the fourth quarter. Rhumbline Advisers now owns 36,672 shares of the energy company's stock worth $420,000 after acquiring an additional 1,068 shares during the period. Savant Capital LLC grew its stake in Hallador Energy by 9.1% during the 4th quarter. Savant Capital LLC now owns 24,717 shares of the energy company's stock worth $283,000 after purchasing an additional 2,055 shares in the last quarter. Empowered Funds LLC increased its holdings in Hallador Energy by 5.1% during the 4th quarter. Empowered Funds LLC now owns 233,185 shares of the energy company's stock worth $2,670,000 after purchasing an additional 11,288 shares during the period. Bleakley Financial Group LLC purchased a new stake in Hallador Energy during the 4th quarter worth about $171,000. Finally, Aspiriant LLC acquired a new stake in Hallador Energy in the 4th quarter valued at about $179,000. Institutional investors and hedge funds own 61.38% of the company's stock.

Hallador Energy Stock Down 3.0 %

Hallador Energy stock traded down $0.39 during midday trading on Friday, reaching $12.51. The company's stock had a trading volume of 344,637 shares, compared to its average volume of 518,127. The company has a market cap of $533.16 million, a P/E ratio of -22.75 and a beta of 0.55. The company has a quick ratio of 0.17, a current ratio of 0.58 and a debt-to-equity ratio of 0.16. The business has a 50-day simple moving average of $11.04 and a 200-day simple moving average of $10.87. Hallador Energy has a fifty-two week low of $4.33 and a fifty-two week high of $14.00.

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Hallador Energy (NASDAQ:HNRG - Get Free Report) last issued its earnings results on Monday, March 17th. The energy company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.01. The business had revenue of $94.80 million for the quarter, compared to analyst estimates of $102.46 million. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. On average, research analysts expect that Hallador Energy will post -0.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

HNRG has been the subject of a number of analyst reports. StockNews.com raised Hallador Energy to a "sell" rating in a research report on Friday, March 21st. Alliance Global Partners began 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.

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.