Renaissance Technologies LLC Trims Stake in Hallador Energy (NASDAQ:HNRG)

Renaissance Technologies LLC lessened its holdings in Hallador Energy (NASDAQ:HNRG - Free Report) by 17.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 659,655 shares of the energy company's stock after selling 135,700 shares during the quarter. Renaissance Technologies LLC owned about 1.78% of Hallador Energy worth $5,126,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HNRG. Bank of New York Mellon Corp raised its position in shares of Hallador Energy by 1.7% in the second quarter. Bank of New York Mellon Corp now owns 183,683 shares of the energy company's stock worth $1,427,000 after acquiring an additional 3,017 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Hallador Energy by 10.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 53,172 shares of the energy company's stock valued at $283,000 after purchasing an additional 4,887 shares in the last quarter. Rhumbline Advisers grew its holdings in Hallador Energy by 16.1% in the second quarter. Rhumbline Advisers now owns 37,757 shares of the energy company's stock valued at $293,000 after purchasing an additional 5,241 shares during the period. Norden Group LLC purchased a new stake in shares of Hallador Energy in the first quarter valued at approximately $55,000. Finally, Privium Fund Management UK Ltd acquired a new position in shares of Hallador Energy during the 1st quarter worth approximately $64,000. 61.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Hallador Energy

In other Hallador Energy news, Director Zarrell Thomas Gray bought 10,000 shares of the stock in a transaction on Monday, August 12th. The shares were bought at an average price of $5.50 per share, with a total value of $55,000.00. Following the purchase, the director now directly owns 23,000 shares in the company, valued at approximately $126,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Charles Ray Iv Wesley purchased 5,000 shares of the company's stock in a transaction dated Friday, August 16th. The stock was acquired at an average cost of $5.76 per share, for a total transaction of $28,800.00. Following the completion of the transaction, the director now directly owns 159,302 shares of the company's stock, valued at $917,579.52. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Zarrell Thomas Gray purchased 10,000 shares of the business's stock in a transaction that occurred on Monday, August 12th. The stock was bought at an average cost of $5.50 per share, with a total value of $55,000.00. Following the acquisition, the director now owns 23,000 shares of the company's stock, valued at approximately $126,500. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 61,000 shares of company stock valued at $363,840. 32.30% of the stock is owned by insiders.

Hallador Energy Price Performance

Shares of HNRG stock traded up $0.90 on Friday, reaching $9.70. 1,231,972 shares of the company were exchanged, compared to its average volume of 459,605. The company has a market cap of $359.16 million, a price-to-earnings ratio of 16.44 and a beta of 0.59. Hallador Energy has a 1 year low of $4.33 and a 1 year high of $15.79. The business has a 50-day moving average price of $6.78 and a 200 day moving average price of $6.61. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.16 and a current ratio of 0.53.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The energy company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.19). The firm had revenue of $90.91 million for the quarter, compared to analysts' expectations of $108.00 million. Hallador Energy had a negative return on equity of 1.48% and a negative net margin of 1.25%. During the same quarter last year, the firm posted $0.47 earnings per share. Equities research analysts forecast that Hallador Energy will post -0.41 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Hallador Energy from a "hold" rating to a "sell" rating in a research note on Sunday, August 18th.

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.