Taconic Capital Advisors LP bought a new stake in Hallador Energy (NASDAQ:HNRG - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 439,724 shares of the energy company's stock, valued at approximately $4,147,000. Hallador Energy makes up approximately 2.2% of Taconic Capital Advisors LP's investment portfolio, making the stock its 7th largest holding. Taconic Capital Advisors LP owned about 1.03% of Hallador Energy as of its most recent filing with the SEC.
Several other large investors have also made changes to their positions in HNRG. CWM LLC increased its holdings in Hallador Energy by 154.4% during the 3rd quarter. CWM LLC now owns 8,227 shares of the energy company's stock valued at $78,000 after purchasing an additional 4,993 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Hallador Energy in the second quarter valued at $78,000. Exchange Traded Concepts LLC increased its stake in shares of Hallador Energy by 66.4% in the third quarter. Exchange Traded Concepts LLC now owns 10,357 shares of the energy company's stock valued at $98,000 after buying an additional 4,132 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Hallador Energy in the third quarter valued at about $100,000. Finally, Net Worth Advisory Group acquired a new position in Hallador Energy during the 3rd quarter worth about $162,000. Institutional investors own 61.38% of the company's stock.
Insider Buying and Selling at Hallador Energy
In related news, Director David C. Hardie sold 44,699 shares of Hallador Energy stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $12.88, for a total transaction of $575,723.12. Following the transaction, the director now owns 2,130,423 shares of the company's stock, valued at $27,439,848.24. This trade represents a 2.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles Ray Iv Wesley bought 25,000 shares of the stock in a transaction on Friday, September 6th. The stock was purchased at an average cost of $5.97 per share, with a total value of $149,250.00. Following the purchase, the director now directly 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. In the last 90 days, insiders sold 83,196 shares of company stock worth $1,079,078. Insiders own 32.30% of the company's stock.
Analyst Ratings Changes
A number of brokerages have weighed in on HNRG. StockNews.com downgraded shares of Hallador Energy from a "hold" rating to a "sell" rating in a research note on Sunday, August 18th. B. Riley upped their price objective on Hallador Energy from $9.00 to $13.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th.
Read Our Latest Report on Hallador Energy
Hallador Energy Trading Down 0.4 %
NASDAQ:HNRG traded down $0.05 on Friday, hitting $12.20. 168,958 shares of the stock were exchanged, compared to its average volume of 483,535. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.17 and a current ratio of 0.58. Hallador Energy has a 52 week low of $4.33 and a 52 week high of $14.00. The stock has a market capitalization of $519.96 million, a price-to-earnings ratio of -22.18 and a beta of 0.62. The company's 50-day moving average price is $10.56 and its 200 day moving average price is $8.32.
Hallador Energy (NASDAQ:HNRG - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The energy company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $117.10 million. During the same period in the previous year, the firm posted $0.47 earnings per share. On average, equities research analysts forecast that Hallador Energy will post -0.31 earnings per share for the current year.
About Hallador Energy
(
Free Report)
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.
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