Pullen Investment Management LLC Takes Position in Hallador Energy (NASDAQ:HNRG)

Pullen Investment Management LLC acquired a new stake in shares of Hallador Energy (NASDAQ:HNRG) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,000 shares of the energy company’s stock, valued at approximately $184,000.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in Hallador Energy by 1,391.0% during the 1st quarter. GAMMA Investing LLC now owns 6,128 shares of the energy company’s stock valued at $750,000 after acquiring an additional 5,717 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Hallador Energy by 23.5% during the 4th quarter. Legal & General Group Plc now owns 7,539 shares of the energy company’s stock worth $86,000 after purchasing an additional 1,435 shares during the last quarter. XTX Topco Ltd bought a new stake in Hallador Energy during the fourth quarter valued at about $121,000. Quantinno Capital Management LP grew its stake in Hallador Energy by 17.0% in the fourth quarter. Quantinno Capital Management LP now owns 11,915 shares of the energy company’s stock valued at $136,000 after purchasing an additional 1,729 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new position in Hallador Energy in the fourth quarter valued at about $156,000. Institutional investors own 61.38% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Northland Securities initiated coverage on shares of Hallador Energy in a report on Monday, May 19th. They issued an “outperform” rating and a $23.00 price target on the stock. Wall Street Zen cut shares of Hallador Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, May 21st. B. Riley raised their target price on shares of Hallador Energy from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, April 1st. Finally, Northland Capmk raised Hallador Energy to a “strong-buy” rating in a research report on Monday, May 19th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $18.33.

Hallador Energy Price Performance

Shares of HNRG stock opened at $16.18 on Friday. Hallador Energy has a fifty-two week low of $4.86 and a fifty-two week high of $19.71. The firm has a market capitalization of $695.35 million, a price-to-earnings ratio of -29.42 and a beta of 0.52. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.17 and a current ratio of 0.58. The stock’s 50-day simple moving average is $15.84 and its 200-day simple moving average is $12.95.

Hallador Energy (NASDAQ:HNRG) last released its earnings results on Monday, May 12th. The energy company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.39. The company had revenue of $117.79 million during the quarter, compared to analysts’ expectations of $98.70 million. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.71%. As a group, equities analysts forecast that Hallador Energy will post -0.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director David C. Hardie sold 97,837 shares of the business’s stock in a transaction on Monday, May 19th. The shares were sold at an average price of $19.05, for a total transaction of $1,863,794.85. Following the sale, the director now directly owns 139,089 shares of the company’s stock, valued at $2,649,645.45. The trade was a 41.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 23.73% 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.