Hallador Energy (NASDAQ:HNRG) Shares Acquired by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. raised its holdings in Hallador Energy (NASDAQ:HNRG - Free Report) by 87.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 140,950 shares of the energy company's stock after acquiring an additional 65,850 shares during the quarter. Pekin Hardy Strauss Inc. owned about 0.33% of Hallador Energy worth $1,329,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Bank of New York Mellon Corp raised its stake in Hallador Energy by 1.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 183,683 shares of the energy company's stock worth $1,427,000 after buying an additional 3,017 shares during the period. Rhumbline Advisers lifted its holdings in shares of 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 in the last quarter. ClariVest Asset Management LLC acquired a new position in shares of Hallador Energy during the second quarter worth about $735,000. American Century Companies Inc. grew its holdings in shares of Hallador Energy by 7.6% during the second quarter. American Century Companies Inc. now owns 555,879 shares of the energy company's stock worth $4,319,000 after buying an additional 39,032 shares in the last quarter. Finally, Empyrean Capital Partners LP acquired a new stake in Hallador Energy in the 2nd quarter valued at approximately $3,885,000. 61.38% of the stock is currently owned by institutional investors.

Hallador Energy Stock Performance

Shares of NASDAQ:HNRG traded up $0.43 during trading on Friday, reaching $13.34. 491,292 shares of the stock were exchanged, compared to its average volume of 749,925. The stock has a 50-day moving average price of $9.99 and a 200-day moving average price of $8.12. The firm has a market cap of $568.55 million, a PE ratio of -24.25 and a beta of 0.62. Hallador Energy has a 12 month low of $4.33 and a 12 month high of $13.57. The company has a current ratio of 0.58, a quick ratio of 0.17 and a debt-to-equity ratio of 0.16.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last released its earnings results on Tuesday, November 12th. The energy company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.14. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. The company had revenue of $105.04 million for the quarter, compared to analyst estimates of $117.10 million. During the same period in the prior year, the firm posted $0.47 EPS. Research analysts expect that Hallador Energy will post -0.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. StockNews.com cut Hallador Energy from a "hold" rating to a "sell" rating in a report on Sunday, August 18th. B. Riley upped their target price on shares of Hallador Energy from $9.00 to $13.00 and gave the company a "buy" rating in a report on Wednesday, November 13th.

Insiders Place Their Bets

In other Hallador Energy news, Director David C. Hardie sold 14,893 shares of the company's stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $13.02, for a total transaction of $193,906.86. Following the sale, the director now owns 2,091,926 shares of the company's stock, valued at approximately $27,236,876.52. This represents a 0.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Charles Ray Iv Wesley purchased 25,000 shares of the firm's stock in a transaction on Friday, September 6th. The stock was bought at an average cost of $5.97 per share, with a total value of $149,250.00. Following the completion of the purchase, the director now owns 184,302 shares of the company's stock, valued at approximately $1,100,282.94. This represents a 15.69 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 41,000 shares of company stock valued at $251,290 and have sold 83,196 shares valued at $1,079,078. Insiders own 32.30% of the company's stock.

About Hallador Energy

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.