136,275 Shares in Hecla Mining (NYSE:HL) Bought by Parvin Asset Management LLC

Parvin Asset Management LLC bought a new position in Hecla Mining (NYSE:HL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 136,275 shares of the basic materials company’s stock, valued at approximately $669,000.

Several other hedge funds also recently made changes to their positions in the company. Wealthfront Advisers LLC bought a new position in shares of Hecla Mining during the fourth quarter valued at approximately $18,441,000. Marshall Wace LLP boosted its holdings in Hecla Mining by 182.4% in the fourth quarter. Marshall Wace LLP now owns 5,006,115 shares of the basic materials company’s stock worth $24,580,000 after purchasing an additional 3,233,116 shares during the last quarter. Norges Bank purchased a new stake in Hecla Mining in the fourth quarter worth approximately $7,855,000. JPMorgan Chase & Co. boosted its holdings in Hecla Mining by 43.8% in the third quarter. JPMorgan Chase & Co. now owns 3,481,761 shares of the basic materials company’s stock worth $23,223,000 after purchasing an additional 1,059,929 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Hecla Mining in the fourth quarter worth approximately $4,984,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Hecla Mining Price Performance

HL opened at $5.79 on Wednesday. The business has a fifty day moving average of $5.53 and a 200 day moving average of $5.66. Hecla Mining has a 52-week low of $4.41 and a 52-week 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 stock has a market cap of $3.66 billion, a P/E ratio of 115.82 and a beta of 1.77.

Hecla Mining (NYSE:HL) last issued 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). Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. The firm had revenue of $249.66 million during the quarter, compared to analysts’ expectations of $229.21 million. As a group, sell-side analysts anticipate that Hecla Mining will post 0.21 EPS for the current year.

Hecla Mining Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid a dividend of $0.0038 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend was Monday, March 10th. Hecla Mining’s dividend payout ratio (DPR) is currently 20.00%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on HL shares. StockNews.com upgraded shares of Hecla Mining from a “sell” rating to a “hold” rating in a research note on Monday, February 17th. National Bank Financial upgraded shares of Hecla Mining to a “hold” rating in a report on Friday, March 21st. Roth Mkm reduced their price objective on Hecla Mining from $6.60 to $6.50 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. TD Securities lowered Hecla Mining from a “buy” rating to a “hold” rating and lowered their price objective for the company from $6.50 to $5.50 in a research note on Tuesday, March 11th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $11.50 price objective on shares of Hecla Mining in a research note on Friday, February 14th. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $7.75.

Insider Buying and Selling

In related news, CAO Michael L. Clary sold 32,387 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $5.18, for a total transaction of $167,764.66. Following the transaction, the chief accounting officer now directly owns 246,440 shares of the company’s stock, valued at $1,276,559.20. This represents a 11.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Robert Krcmarov bought 6,570 shares of Hecla Mining stock in a transaction that occurred on Wednesday, February 19th. The shares were acquired at an average cost of $5.29 per share, for a total transaction of $34,755.30. Following the completion of the transaction, the chief executive officer now directly owns 331,856 shares in the company, valued at $1,755,518.24. This represents a 2.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 57,915 shares of company stock worth $300,000 in the last three months. 1.40% of the stock is owned by insiders.

Hecla Mining Company Profile

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.