WINTON GROUP Ltd Makes New $154,000 Investment in Hecla Mining (NYSE:HL)

WINTON GROUP Ltd bought a new position in Hecla Mining (NYSE:HL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 31,783 shares of the basic materials company’s stock, valued at approximately $154,000.

Several other hedge funds also recently bought and sold shares of HL. Continuum Advisory LLC increased its position in Hecla Mining by 313.6% in the 2nd quarter. Continuum Advisory LLC now owns 6,551 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 4,967 shares during the last quarter. Innealta Capital LLC acquired a new position in Hecla Mining in the 2nd quarter worth about $41,000. Ballentine Partners LLC acquired a new position in Hecla Mining in the 2nd quarter worth about $54,000. Oak Family Advisors LLC acquired a new position in Hecla Mining in the 2nd quarter worth about $55,000. Finally, Empowered Funds LLC increased its position in Hecla Mining by 27.7% in the 1st quarter. Empowered Funds LLC now owns 13,447 shares of the basic materials company’s stock worth $65,000 after purchasing an additional 2,916 shares during the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Hecla Mining Stock Performance

Shares of NYSE HL opened at $6.53 on Thursday. The company has a quick ratio of 0.58, a current ratio of 1.29 and a debt-to-equity ratio of 0.29. The business’s 50 day moving average is $5.76 and its two-hundred day moving average is $5.33. The company has a market cap of $4.09 billion, a P/E ratio of -43.87 and a beta of 2.00. Hecla Mining has a 12 month low of $3.33 and a 12 month high of $6.99.

Hecla Mining (NYSE:HL) last issued its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. The company had revenue of $245.66 million for the quarter, compared to the consensus estimate of $208.80 million. Hecla Mining had a negative return on equity of 0.42% and a negative net margin of 5.56%. During the same period in the previous year, the business posted $0.03 EPS. On average, equities analysts expect that Hecla Mining will post 0.04 EPS for the current year.

Hecla Mining Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 26th were issued a dividend of $0.0138 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Monday, August 26th. This is a positive change from Hecla Mining’s previous quarterly dividend of $0.00. Hecla Mining’s dividend payout ratio (DPR) is presently -33.33%.

Wall Street Analysts Forecast Growth

HL has been the topic of a number of analyst reports. Roth Mkm lowered their price objective on Hecla Mining from $6.25 to $6.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. CIBC increased their price objective on Hecla Mining from $6.75 to $7.50 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. HC Wainwright reissued a “buy” rating and set a $10.25 price objective on shares of Hecla Mining in a report on Thursday, August 8th. Finally, Cibc World Mkts raised Hecla Mining to a “hold” rating in a report on Wednesday, May 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Hecla Mining currently has an average rating of “Moderate Buy” and a consensus target price of $7.45.

Insider Transactions at Hecla Mining

In other news, CFO Russell Douglas Lawlar sold 11,679 shares of Hecla Mining stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $4.91, for a total transaction of $57,343.89. Following the sale, the chief financial officer now owns 393,894 shares of the company’s stock, valued at approximately $1,934,019.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Robert Denis Brown sold 24,792 shares of the business’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $4.91, for a total value of $121,728.72. Following the sale, the vice president now owns 607,649 shares of the company’s stock, valued at approximately $2,983,556.59. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Russell Douglas Lawlar sold 11,679 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $4.91, for a total value of $57,343.89. Following the completion of the sale, the chief financial officer now directly owns 393,894 shares in the company, valued at approximately $1,934,019.54. The disclosure for this sale can be found here. In the last quarter, insiders have sold 175,717 shares of company stock valued at $1,064,789. 1.40% of the stock is owned by corporate insiders.

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.