Hecla Mining (NYSE:HL) Shares Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D grew its holdings in shares of Hecla Mining (NYSE:HL - Free Report) by 15.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 368,274 shares of the basic materials company's stock after purchasing an additional 49,883 shares during the period. State of New Jersey Common Pension Fund D owned about 0.06% of Hecla Mining worth $1,808,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in shares of Hecla Mining by 771.8% during the fourth quarter. GAMMA Investing LLC now owns 5,013 shares of the basic materials company's stock worth $25,000 after buying an additional 4,438 shares during the period. Ameliora Wealth Management Ltd. purchased a new stake in shares of Hecla Mining during the fourth quarter worth approximately $25,000. Principal Securities Inc. purchased a new stake in shares of Hecla Mining during the fourth quarter worth approximately $25,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Hecla Mining during the third quarter worth approximately $28,000. Finally, Blue Trust Inc. increased its stake in shares of Hecla Mining by 30.7% during the fourth quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company's stock worth $41,000 after buying 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 Stock Performance

NYSE:HL traded up $0.07 during trading hours on Friday, reaching $5.14. 22,063,220 shares of the company's stock were exchanged, compared to its average volume of 17,922,162. Hecla Mining has a 1-year low of $3.51 and a 1-year high of $7.68. The company has a quick ratio of 0.55, a current ratio of 1.08 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 102.72 and a beta of 1.91. The company has a 50-day moving average of $5.42 and a 200 day moving average of $5.87.

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Hecla Mining (NYSE:HL - Get Free Report) last announced its earnings results on Thursday, February 13th. The basic materials company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). The business had revenue of $249.66 million for the quarter, compared to analyst estimates of $229.21 million. Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. Research analysts anticipate that Hecla Mining will post 0.21 EPS for the current year.

Hecla Mining Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be given a $0.0038 dividend. This represents a $0.02 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend is Monday, March 10th. Hecla Mining's dividend payout ratio (DPR) is presently 20.00%.

Insider Activity at Hecla Mining

In related news, CEO Robert Krcmarov purchased 6,570 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The shares were purchased at an average price of $5.29 per share, for a total transaction of $34,755.30. Following the transaction, the chief executive officer now directly owns 331,856 shares of the company's stock, valued at approximately $1,755,518.24. The trade was a 2.02 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Michael L. Clary sold 32,387 shares of the business'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 $167,764.66. Following the completion of the transaction, the chief accounting officer now owns 246,440 shares in the company, valued at $1,276,559.20. This trade represents a 11.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 57,915 shares of company stock worth $300,000 in the last quarter. Company insiders own 1.40% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on HL shares. TD Securities cut their target price on shares of Hecla Mining from $7.00 to $6.50 and set a "buy" rating on the stock in a research note on Friday, February 21st. HC Wainwright reiterated a "buy" rating and issued a $11.50 price target on shares of Hecla Mining in a research note on Friday, February 14th. StockNews.com upgraded shares of Hecla Mining from a "sell" rating to a "hold" rating in a research note on Monday, February 17th. Roth Mkm dropped their price target on shares of Hecla Mining from $6.60 to $6.50 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. Finally, National Bank Financial lowered shares of Hecla Mining from a "strong-buy" rating to a "hold" rating in a research note on Friday, November 8th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $8.00.

About Hecla Mining

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.