303,917 Shares in Hecla Mining (NYSE:HL) Purchased by Bryce Point Capital LLC

Bryce Point Capital LLC purchased a new position in Hecla Mining (NYSE:HL - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 303,917 shares of the basic materials company's stock, valued at approximately $1,492,000.

A number of other large investors also recently bought and sold shares of HL. GAMMA Investing LLC increased its holdings in shares of 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 acquiring an additional 4,438 shares in the last quarter. Ameliora Wealth Management Ltd. bought a new stake in Hecla Mining during the 4th quarter valued at about $25,000. Principal Securities Inc. purchased a new position in Hecla Mining in the fourth quarter worth about $25,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Hecla Mining in the third quarter worth approximately $28,000. Finally, Blue Trust Inc. grew its holdings in shares of Hecla Mining by 30.7% during the fourth 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 during the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Hecla Mining Stock Performance

NYSE HL traded down $0.03 during trading hours on Monday, hitting $4.70. 11,161,393 shares of the company's stock traded hands, compared to its average volume of 19,263,180. Hecla Mining has a 52 week low of $4.41 and a 52 week high of $7.68. The firm has a market capitalization of $2.97 billion, a P/E ratio of 94.12 and a beta of 1.77. The company has a current ratio of 1.08, a quick ratio of 0.55 and a debt-to-equity ratio of 0.25. The business's fifty day moving average price is $5.60 and its two-hundred day moving average price is $5.80.

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Hecla Mining (NYSE:HL - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). Hecla Mining had a net margin of 3.85% and a return on equity of 3.10%. The business had revenue of $249.66 million for the quarter, compared to the consensus estimate of $229.21 million. Equities research analysts predict 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 given a dividend of $0.0038 per share. The ex-dividend date was Monday, March 10th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.32%. Hecla Mining's payout ratio is currently 20.00%.

Insider Buying and Selling

In related news, CEO Robert Krcmarov bought 6,570 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was bought at an average cost of $5.29 per share, with a total value of $34,755.30. Following the completion of the purchase, the chief executive officer now owns 331,856 shares of the company's stock, valued at approximately $1,755,518.24. The trade was a 2.02 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Kurt Allen sold 9,195 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $5.18, for a total value of $47,630.10. Following the completion of the sale, the vice president now owns 104,512 shares in the company, valued at $541,372.16. This represents a 8.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 57,915 shares of company stock valued at $300,000. 1.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

About Hecla Mining

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.