Stifel Financial Corp Acquires 239,972 Shares of Hallador Energy (NASDAQ:HNRG)

Stifel Financial Corp increased its stake in Hallador Energy (NASDAQ:HNRG - Free Report) by 959.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 264,976 shares of the energy company's stock after buying an additional 239,972 shares during the period. Stifel Financial Corp owned about 0.62% of Hallador Energy worth $2,499,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Quantinno Capital Management LP acquired a new stake in shares of Hallador Energy during the 3rd quarter worth approximately $96,000. Janus Henderson Group PLC bought a new position in Hallador Energy during the 3rd quarter worth $119,000. Centiva Capital LP increased its position in Hallador Energy by 97.6% in the third quarter. Centiva Capital LP now owns 24,153 shares of the energy company's stock worth $228,000 after buying an additional 11,929 shares during the period. Taconic Capital Advisors LP acquired a new position in shares of Hallador Energy during the third quarter valued at $4,147,000. Finally, Pekin Hardy Strauss Inc. grew its position in shares of Hallador Energy by 87.7% during the third quarter. Pekin Hardy Strauss Inc. now owns 140,950 shares of the energy company's stock worth $1,329,000 after acquiring an additional 65,850 shares during the last quarter. 61.38% of the stock is owned by institutional investors and hedge funds.

Hallador Energy Stock Up 1.1 %

Shares of HNRG traded up $0.12 during midday trading on Thursday, reaching $11.24. 398,940 shares of the stock were exchanged, compared to its average volume of 478,507. The company has a market cap of $479.02 million, a price-to-earnings ratio of -20.44 and a beta of 0.69. The firm has a 50 day simple moving average of $11.37 and a 200-day simple moving average of $8.84. Hallador Energy has a 12-month low of $4.33 and a 12-month high of $14.00. 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 (NASDAQ:HNRG - Get Free Report) last posted its earnings results on Tuesday, November 12th. The energy company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.14. The firm had revenue of $105.04 million during the quarter, compared to analyst estimates of $117.10 million. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. During the same period in the previous year, the company earned $0.47 EPS. Research analysts forecast that Hallador Energy will post -0.31 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on HNRG. B. Riley increased their target price 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 report on Monday, December 9th. They issued a "buy" rating and a $17.00 price target for the company.

Insider Activity at Hallador Energy

In related news, Director David C. Hardie sold 18,775 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $13.02, for a total transaction of $244,450.50. Following the completion of the sale, the director now owns 2,022,713 shares in the company, valued at $26,335,723.26. This trade represents a 0.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last 90 days, insiders sold 104,524 shares of company stock worth $1,356,743. Company insiders own 32.30% of the company's stock.

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.