Hecla Mining (NYSE:HL) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd lessened its holdings in shares of Hecla Mining (NYSE:HL - Free Report) by 68.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 76,690 shares of the basic materials company's stock after selling 166,499 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Hecla Mining were worth $376,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of HL. GAMMA Investing LLC raised 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 in the last quarter. Ameliora Wealth Management Ltd. purchased a new position in shares of Hecla Mining during the 4th quarter valued at about $25,000. Principal Securities Inc. bought a new stake in Hecla Mining in the 4th quarter worth approximately $25,000. Blue Trust Inc. lifted its position in Hecla Mining by 30.7% in the 4th quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company's stock worth $41,000 after buying an additional 1,961 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Hecla Mining in the fourth quarter worth approximately $44,000. Institutional investors own 63.01% of the company's stock.

Insiders Place Their Bets

In related news, VP Kurt Allen sold 9,195 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $5.18, for a total value of $47,630.10. Following the completion of the transaction, the vice president now owns 104,512 shares of the company's stock, valued at approximately $541,372.16. This trade represents a 8.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Russell Douglas Lawlar sold 16,333 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was 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 in the company, valued at $1,543,551.94. The trade was a 5.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 57,915 shares of company stock worth $300,000 in the last 90 days. 1.40% of the stock is currently owned by corporate insiders.

Remove Ads

Hecla Mining Stock Performance

Hecla Mining stock traded up $0.05 during midday trading on Monday, reaching $5.83. 15,624,788 shares of the company traded hands, compared to its average volume of 12,983,460. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 0.55. Hecla Mining has a 12 month low of $4.41 and a 12 month high of $7.68. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 116.62 and a beta of 1.77. The business has a 50 day moving average of $5.53 and a two-hundred day moving average of $5.72.

Hecla Mining (NYSE:HL - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The basic materials company reported $0.04 EPS for the quarter, missing the consensus estimate 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 analysts' expectations of $229.21 million. As a group, research analysts predict that Hecla Mining will post 0.21 earnings per share 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. This represents a $0.02 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend was Monday, March 10th. Hecla Mining's payout ratio is currently 20.00%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on HL. TD Securities lowered shares of Hecla Mining from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $6.50 to $5.50 in a report on Tuesday, March 11th. National Bank Financial upgraded shares of Hecla Mining to a "hold" rating in a research report on Friday, March 21st. StockNews.com upgraded Hecla Mining from a "sell" rating to a "hold" rating in a report on Monday, February 17th. HC Wainwright reissued a "buy" rating and issued a $11.50 target price on shares of Hecla Mining in a research note on Friday, February 14th. Finally, Roth Mkm reduced their price target on Hecla Mining from $6.60 to $6.50 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Five analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Hecla Mining currently has an average rating of "Moderate Buy" and an average target price of $7.75.

Hecla Mining 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.