Hecla Mining (NYSE:HL) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. reduced its position in Hecla Mining (NYSE:HL - Free Report) by 94.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,324 shares of the basic materials company's stock after selling 250,295 shares during the quarter. D.A. Davidson & CO.'s holdings in Hecla Mining were worth $70,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Creative Planning grew its position in shares of Hecla Mining by 10.0% during the 3rd quarter. Creative Planning now owns 114,721 shares of the basic materials company's stock worth $765,000 after buying an additional 10,404 shares in the last quarter. Ballentine Partners LLC lifted its stake in Hecla Mining by 37.6% in the third quarter. Ballentine Partners LLC now owns 15,435 shares of the basic materials company's stock worth $103,000 after acquiring an additional 4,215 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Hecla Mining by 21.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 16,714 shares of the basic materials company's stock valued at $111,000 after purchasing an additional 2,982 shares during the period. Integrated Advisors Network LLC purchased a new position in Hecla Mining during the 3rd quarter valued at about $871,000. Finally, Financial Advocates Investment Management raised its holdings in shares of Hecla Mining by 8.7% in the 3rd quarter. Financial Advocates Investment Management now owns 37,919 shares of the basic materials company's stock valued at $253,000 after purchasing an additional 3,037 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company's stock.

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Hecla Mining Stock Down 0.7 %

Shares of HL stock traded down $0.04 during trading hours on Monday, reaching $5.09. 23,433,911 shares of the company's stock were exchanged, compared to its average volume of 11,091,816. The stock has a market cap of $3.22 billion, a PE ratio of 101.88 and a beta of 1.91. 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 stock's fifty day moving average price is $5.42 and its two-hundred day moving average price is $5.88. Hecla Mining has a 1 year low of $3.78 and a 1 year high of $7.68.

Hecla Mining (NYSE:HL - Get Free Report) last issued its quarterly earnings results 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). The company had revenue of $249.66 million for the quarter, compared to analyst estimates of $229.21 million. Hecla Mining had a net margin of 3.85% and a return on equity of 3.10%. Research analysts predict that Hecla Mining will post 0.21 EPS for the current year.

Hecla Mining Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.0038 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.02 annualized dividend and a yield of 0.29%. Hecla Mining's payout ratio is presently 20.00%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on HL shares. Roth Mkm cut their price objective on shares of Hecla Mining from $6.60 to $6.50 and set a "buy" rating on the stock in a report on Tuesday, February 18th. National Bank Financial lowered Hecla Mining from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 8th. StockNews.com raised Hecla Mining from a "sell" rating to a "hold" rating in a research report on Monday, February 17th. TD Securities reduced their target price on shares of Hecla Mining from $7.00 to $6.50 and set a "buy" rating for the company in a report on Friday, February 21st. Finally, HC Wainwright restated a "buy" rating and issued a $11.50 price target on shares of Hecla Mining in a report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $8.00.

Insider Activity

In other Hecla Mining news, CFO Russell Douglas Lawlar sold 16,333 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $5.18, for a total value of $84,604.94. Following the sale, the chief financial officer now directly owns 297,983 shares of the company's stock, valued at approximately $1,543,551.94. This represents a 5.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Michael L. Clary sold 32,387 shares of Hecla Mining stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $5.18, for a total value of $167,764.66. Following the transaction, the chief accounting officer now owns 246,440 shares of the company's stock, valued at $1,276,559.20. The trade was a 11.62 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 57,915 shares of company stock valued at $300,000. Company insiders own 1.40% of the company's stock.

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.