Point72 Asset Management L.P. Sells 258,676 Shares of Hallador Energy (NASDAQ:HNRG)

Point72 Asset Management L.P. lessened its holdings in Hallador Energy (NASDAQ:HNRG - Free Report) by 91.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,067 shares of the energy company's stock after selling 258,676 shares during the quarter. Point72 Asset Management L.P. owned 0.06% of Hallador Energy worth $227,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Pekin Hardy Strauss Inc. grew its holdings in shares of Hallador Energy by 87.7% in the third quarter. Pekin Hardy Strauss Inc. now owns 140,950 shares of the energy company's stock worth $1,329,000 after purchasing an additional 65,850 shares during the last quarter. ClariVest Asset Management LLC bought a new stake in shares of Hallador Energy in the 2nd quarter worth approximately $735,000. Empyrean Capital Partners LP purchased a new position in shares of Hallador Energy during the second quarter valued at approximately $3,885,000. B. Riley Wealth Advisors Inc. raised its holdings in shares of Hallador Energy by 3,171.7% during the second quarter. B. Riley Wealth Advisors Inc. now owns 376,250 shares of the energy company's stock valued at $2,923,000 after acquiring an additional 364,750 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its stake in Hallador Energy by 108.7% in the third quarter. Oppenheimer Asset Management Inc. now owns 22,556 shares of the energy company's stock worth $213,000 after acquiring an additional 11,750 shares during the period. 61.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on HNRG shares. B. Riley boosted their price objective on shares of Hallador Energy from $9.00 to $13.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Alliance Global Partners began coverage on shares of Hallador Energy in a research note on Monday. They issued a "buy" rating and a $17.00 price target for the company. Finally, StockNews.com lowered shares of Hallador Energy from a "hold" rating to a "sell" rating in a report on Sunday, August 18th.

Insider Activity at Hallador Energy

In related news, Director David C. Hardie sold 23,604 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $13.11, for a total transaction of $309,448.44. Following the sale, the director now directly owns 2,106,819 shares of the company's stock, valued at approximately $27,620,397.09. This represents a 1.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 104,524 shares of company stock valued at $1,356,743 in the last 90 days. Corporate insiders own 32.30% of the company's stock.

Hallador Energy Stock Down 0.1 %

Shares of HNRG stock traded down $0.01 during mid-day trading on Friday, reaching $12.39. 224,652 shares of the company's stock traded hands, compared to its average volume of 479,696. The company's 50-day moving average price is $11.23 and its 200-day moving average price is $8.72. The company has a market cap of $528.06 million, a P/E ratio of -22.29 and a beta of 0.69. The company has a quick ratio of 0.17, a current ratio of 0.58 and a debt-to-equity ratio of 0.16. Hallador Energy has a 12 month low of $4.33 and a 12 month high of $14.00.

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

Hallador Energy Company 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.