Jump Financial LLC Sells 441,422 Shares of Hecla Mining (NYSE:HL)

Jump Financial LLC reduced its stake in Hecla Mining (NYSE:HL - Free Report) by 97.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,029 shares of the basic materials company's stock after selling 441,422 shares during the period. Jump Financial LLC's holdings in Hecla Mining were worth $49,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in Hecla Mining by 7.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,220,645 shares of the basic materials company's stock worth $35,453,000 after buying an additional 502,094 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Hecla Mining during the fourth quarter valued at approximately $1,640,000. JPMorgan Chase & Co. increased its stake in shares of Hecla Mining by 20.3% during the fourth quarter. JPMorgan Chase & Co. now owns 4,189,473 shares of the basic materials company's stock valued at $20,570,000 after purchasing an additional 707,712 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Hecla Mining by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 61,393,040 shares of the basic materials company's stock valued at $301,440,000 after purchasing an additional 774,000 shares in the last quarter. Finally, Private Advisor Group LLC increased its stake in shares of Hecla Mining by 202.4% during the fourth quarter. Private Advisor Group LLC now owns 76,151 shares of the basic materials company's stock valued at $374,000 after purchasing an additional 50,969 shares in the last quarter. 63.01% of the stock is owned by institutional investors.

Insider Activity at Hecla Mining

In other news, CEO Robert Krcmarov purchased 6,570 shares of the company'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 in the company, valued at approximately $1,755,518.24. This represents a 2.02 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Michael L. Clary sold 32,387 shares of the stock in a transaction that occurred on 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 directly owns 246,440 shares of the company's stock, valued at approximately $1,276,559.20. The trade was a 11.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 57,915 shares of company stock worth $300,000. 1.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on HL shares. HC Wainwright reaffirmed 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 decreased their target price 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. StockNews.com raised shares of Hecla Mining from a "sell" rating to a "hold" rating in a research note on Monday, February 17th. National Bank Financial upgraded shares of Hecla Mining to a "hold" rating in a report on Friday, March 21st. Finally, TD Securities cut shares of Hecla Mining from a "buy" rating to a "hold" rating and cut their price target for the company from $6.50 to $5.50 in a report on Tuesday, March 11th. Five 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 company's stock. Based on data from MarketBeat, Hecla Mining presently has an average rating of "Moderate Buy" and an average target price of $7.75.

Hecla Mining Trading Up 0.3 %

Shares of Hecla Mining stock opened at $5.87 on Tuesday. The company's fifty day simple moving average is $5.53 and its 200-day simple moving average is $5.66. The stock has a market capitalization of $3.71 billion, a PE ratio of 117.42 and a beta of 1.77. Hecla Mining has a 1-year low of $4.41 and a 1-year high of $7.68. 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 (NYSE:HL - Get Free Report) last released its earnings results on Thursday, February 13th. The basic materials company reported $0.04 earnings per share 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 firm had revenue of $249.66 million for the quarter, compared to analysts' expectations of $229.21 million. As a group, equities analysts anticipate that Hecla Mining will post 0.21 earnings per share for the current year.

Hecla Mining Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid a dividend of $0.0038 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend was Monday, March 10th. Hecla Mining's dividend payout ratio (DPR) is 20.00%.

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.

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