Empowered Funds LLC Raises Position in Hallador Energy (NASDAQ:HNRG)

Empowered Funds LLC increased its holdings in shares of Hallador Energy (NASDAQ:HNRG) by 5.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 221,897 shares of the energy company’s stock after purchasing an additional 11,256 shares during the period. Empowered Funds LLC’s holdings in Hallador Energy were worth $2,092,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. grew its holdings in shares of Hallador Energy by 108.7% during the third quarter. Oppenheimer Asset Management Inc. now owns 22,556 shares of the energy company’s stock valued at $213,000 after buying an additional 11,750 shares during the last quarter. Net Worth Advisory Group acquired a new stake in Hallador Energy during the 3rd quarter worth about $162,000. Exchange Traded Concepts LLC grew its stake in Hallador Energy by 66.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 10,357 shares of the energy company’s stock valued at $98,000 after purchasing an additional 4,132 shares during the last quarter. CWM LLC lifted its holdings in shares of Hallador Energy by 154.4% during the third quarter. CWM LLC now owns 8,227 shares of the energy company’s stock worth $78,000 after purchasing an additional 4,993 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in Hallador Energy in the third quarter valued at approximately $100,000. 61.38% of the stock is owned by institutional investors and hedge funds.

Hallador Energy Trading Up 0.5 %

HNRG opened at $12.95 on Thursday. Hallador Energy has a 1-year low of $4.33 and a 1-year high of $13.57. The firm has a market capitalization of $551.93 million, a price-to-earnings ratio of -23.55 and a beta of 0.62. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.17. The company’s 50 day simple moving average is $9.58 and its two-hundred day simple moving average is $7.98.

Hallador Energy (NASDAQ:HNRG) last issued its quarterly earnings data on Tuesday, November 12th. The energy company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.14. The firm had revenue of $105.04 million during the quarter, compared to the consensus estimate 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 last year, the company earned $0.47 EPS. Analysts expect that Hallador Energy will post -0.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HNRG has been the subject of several analyst reports. StockNews.com cut Hallador Energy from a “hold” rating to a “sell” rating in a report on Sunday, August 18th. B. Riley lifted their target price on shares of Hallador Energy from $9.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, November 13th.

Insider Buying and Selling at Hallador Energy

In other news, Director David C. Hardie sold 44,699 shares of the stock in a transaction dated 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 directly owns 2,130,423 shares in the company, valued at $27,439,848.24. This represents a 2.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Zarrell Thomas Gray acquired 14,000 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were acquired at an average price of $6.36 per share, with a total value of $89,040.00. Following the completion of the purchase, the director now owns 47,000 shares of the company’s stock, valued at $298,920. This trade represents a 42.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 41,000 shares of company stock valued at $251,290. 32.30% of the stock is owned by corporate insiders.

About Hallador Energy

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.