Semanteon Capital Management LP Takes $236,000 Position in Hecla Mining (NYSE:HL)

Semanteon Capital Management LP purchased a new stake in Hecla Mining (NYSE:HL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 47,995 shares of the basic materials company's stock, valued at approximately $236,000.

Several other large investors have also recently modified their holdings of the business. Wealthfront Advisers LLC acquired a new stake in Hecla Mining in the fourth quarter valued at $18,441,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Hecla Mining in the 3rd quarter valued at about $14,623,000. FMR LLC increased its stake in shares of Hecla Mining by 51.3% in the third quarter. FMR LLC now owns 5,435,909 shares of the basic materials company's stock valued at $36,258,000 after buying an additional 1,842,991 shares during the period. JPMorgan Chase & Co. raised its position in shares of Hecla Mining by 43.8% during the third quarter. JPMorgan Chase & Co. now owns 3,481,761 shares of the basic materials company's stock worth $23,223,000 after acquiring an additional 1,059,929 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Hecla Mining by 5.4% during the third quarter. Geode Capital Management LLC now owns 13,865,241 shares of the basic materials company's stock worth $92,499,000 after acquiring an additional 711,676 shares during the last quarter. Institutional investors own 63.01% of the company's stock.

Insider Buying and Selling

In related news, CFO Russell Douglas Lawlar sold 16,333 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $5.18, for a total value of $84,604.94. Following the sale, the chief financial officer now owns 297,983 shares in the company, valued at $1,543,551.94. This represents a 5.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Robert Krcmarov purchased 6,570 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The stock was acquired at an average cost of $5.29 per share, for a total transaction of $34,755.30. Following the transaction, the chief executive officer now owns 331,856 shares in the company, valued at $1,755,518.24. This represents a 2.02 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 57,915 shares of company stock worth $300,000 in the last ninety days. Corporate insiders own 1.40% of the company's stock.

Remove Ads

Analyst Ratings Changes

Several analysts recently commented on HL shares. HC Wainwright reiterated a "buy" rating and issued a $11.50 target price on shares of Hecla Mining in a report on Friday, February 14th. TD Securities cut shares of Hecla Mining from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $6.50 to $5.50 in a research report on Tuesday, March 11th. Roth Mkm lowered 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. National Bank Financial raised shares of Hecla Mining to a "hold" rating in a research report on Friday, March 21st. Finally, StockNews.com raised Hecla Mining from a "sell" rating to a "hold" rating in a research report on Monday, February 17th. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $7.75.

Hecla Mining Stock Down 1.1 %

HL traded down $0.07 during midday trading on Wednesday, hitting $5.77. The company had a trading volume of 12,774,684 shares, compared to its average volume of 12,046,742. The stock's 50 day moving average price is $5.59 and its 200 day moving average price is $5.84. Hecla Mining has a 52 week low of $4.23 and a 52 week high of $7.68. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of 115.32 and a beta of 1.94. 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 (NYSE:HL - Get Free Report) last issued its earnings results on Thursday, February 13th. The basic materials company reported $0.04 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $229.21 million. On average, research analysts anticipate that Hecla Mining will post 0.21 earnings per share for the current fiscal year.

Hecla Mining Cuts Dividend

The company also recently announced 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. 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 payout ratio is 20.00%.

Hecla Mining Company 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.