Highland Peak Capital LLC Buys Shares of 514,863 Hallador Energy (NASDAQ:HNRG)

Highland Peak Capital LLC purchased a new position in Hallador Energy (NASDAQ:HNRG - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 514,863 shares of the energy company's stock, valued at approximately $5,895,000. Hallador Energy makes up about 3.2% of Highland Peak Capital LLC's investment portfolio, making the stock its 10th biggest holding. Highland Peak Capital LLC owned about 1.21% of Hallador Energy as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quantinno Capital Management LP bought a new position in shares of Hallador Energy during the third quarter valued at approximately $96,000. Janus Henderson Group PLC purchased a new stake in Hallador Energy in the third quarter valued at $119,000. Sage Investment Counsel LLC acquired a new position in shares of Hallador Energy in the fourth quarter worth about $160,000. Bleakley Financial Group LLC purchased a new position in Hallador Energy in the 4th quarter valued at about $171,000. Finally, Aspiriant LLC acquired a new stake in Hallador Energy in the 4th quarter valued at about $179,000. Institutional investors own 61.38% of the company's stock.

Hallador Energy Stock Performance

Shares of NASDAQ HNRG traded up $0.20 during trading on Thursday, reaching $10.04. The stock had a trading volume of 1,418,510 shares, compared to its average volume of 504,626. Hallador Energy has a one year low of $4.33 and a one year high of $14.00. The stock has a market cap of $427.87 million, a PE ratio of -18.25 and a beta of 0.55. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.17 and a current ratio of 0.58. The firm's 50 day moving average price is $11.03 and its two-hundred day moving average price is $10.36.

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Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HNRG shares. B. Riley lifted their price target 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. 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 objective on the stock.

Hallador Energy 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.