Landscape Capital Management L.L.C. Grows Stock Position in Hecla Mining (NYSE:HL)

Landscape Capital Management L.L.C. grew its position in shares of Hecla Mining (NYSE:HL - Free Report) by 156.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 165,391 shares of the basic materials company's stock after buying an additional 100,970 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Hecla Mining were worth $812,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in Hecla Mining during the third quarter valued at approximately $28,000. Ameliora Wealth Management Ltd. bought a new stake in shares of Hecla Mining during the 4th quarter valued at $25,000. GAMMA Investing LLC increased its stake in shares of Hecla Mining by 771.8% in the 4th quarter. GAMMA Investing LLC now owns 5,013 shares of the basic materials company's stock worth $25,000 after purchasing an additional 4,438 shares in the last quarter. Principal Securities Inc. bought a new position in Hecla Mining in the 4th quarter worth $25,000. Finally, Blue Trust Inc. raised its holdings 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 purchasing an additional 1,961 shares during the period. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Hecla Mining Price Performance

HL stock traded up $0.30 during midday trading on Friday, hitting $5.77. The company's stock had a trading volume of 25,520,491 shares, compared to its average volume of 12,989,361. The firm has a market capitalization of $3.64 billion, a price-to-earnings ratio of 115.32 and a beta of 1.77. The company has a quick ratio of 0.55, a current ratio of 1.08 and a debt-to-equity ratio of 0.25. Hecla Mining has a 12 month low of $4.41 and a 12 month high of $7.68. The company has a 50 day moving average of $5.53 and a two-hundred day moving average of $5.73.

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Hecla Mining (NYSE:HL - Get Free Report) last issued 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). The company had revenue of $249.66 million for the quarter, compared to the consensus estimate of $229.21 million. Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. On average, analysts expect that Hecla Mining will post 0.21 EPS for the current year.

Hecla Mining Cuts Dividend

The company 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 0.26%. Hecla Mining's payout ratio is 20.00%.

Insider Transactions at Hecla Mining

In other Hecla Mining news, CEO Robert Krcmarov purchased 6,570 shares of Hecla Mining stock in a transaction that occurred on Wednesday, February 19th. The shares were bought at an average price of $5.29 per share, for a total transaction of $34,755.30. Following the completion of the transaction, the chief executive officer now owns 331,856 shares of the company's stock, valued at approximately $1,755,518.24. This trade represents a 2.02 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Kurt Allen sold 9,195 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 transaction of $47,630.10. Following the sale, the vice president now directly owns 104,512 shares in the company, valued at approximately $541,372.16. The trade was a 8.09 % 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. 1.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have commented on HL. HC Wainwright restated a "buy" rating and issued a $11.50 price target on shares of Hecla Mining in a research report on Friday, February 14th. Roth Mkm cut their price objective on Hecla Mining from $6.60 to $6.50 and set a "buy" rating for the company in a research note on Tuesday, February 18th. National Bank Financial upgraded shares of Hecla Mining to a "hold" rating in a research note on Friday, March 21st. StockNews.com upgraded shares of Hecla Mining from a "sell" rating to a "hold" rating in a research report on Monday, February 17th. Finally, TD Securities downgraded shares of Hecla Mining from a "buy" rating to a "hold" rating and decreased their price objective for the company from $6.50 to $5.50 in a research report on Tuesday, March 11th. Five equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Hecla Mining presently has an average rating of "Moderate Buy" and a consensus 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.