JPMorgan Chase & Co. boosted its holdings in shares of Hallador Energy Co (NASDAQ:HNRG) by 1,887.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,027 shares of the energy company’s stock after acquiring an additional 63,654 shares during the quarter. JPMorgan Chase & Co.’s holdings in Hallador Energy were worth $417,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. Dimensional Fund Advisors LP increased its stake in Hallador Energy by 13.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,045,924 shares of the energy company’s stock worth $7,468,000 after acquiring an additional 123,820 shares during the last quarter. BlackRock Inc. increased its stake in Hallador Energy by 19.5% during the second quarter. BlackRock Inc. now owns 949,894 shares of the energy company’s stock worth $6,782,000 after acquiring an additional 154,961 shares during the last quarter. Renaissance Technologies LLC increased its stake in Hallador Energy by 7.4% during the second quarter. Renaissance Technologies LLC now owns 216,800 shares of the energy company’s stock worth $1,548,000 after acquiring an additional 15,000 shares during the last quarter. Strs Ohio grew its stake in shares of Hallador Energy by 124.6% in the third quarter. Strs Ohio now owns 74,800 shares of the energy company’s stock valued at $465,000 after buying an additional 41,500 shares in the last quarter. Finally, American Century Companies Inc. acquired a new stake in shares of Hallador Energy in the second quarter valued at $294,000. 52.05% of the stock is owned by institutional investors.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised Hallador Energy from a “sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine cut Hallador Energy from a “buy” rating to a “hold” rating in a research note on Friday, November 2nd.
In related news, Director Charles Ray Iv Wesley bought 8,347 shares of the firm’s stock in a transaction that occurred on Tuesday, November 13th. The stock was purchased at an average cost of $6.02 per share, for a total transaction of $50,248.94. Following the completion of the acquisition, the director now owns 8,347 shares in the company, valued at approximately $50,248.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 45.10% of the company’s stock.
Shares of NASDAQ HNRG opened at $5.17 on Friday. Hallador Energy Co has a twelve month low of $4.75 and a twelve month high of $7.98. The company has a quick ratio of 1.13, a current ratio of 1.93 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $162.96 million, a PE ratio of 9.75 and a beta of -0.10.
Hallador Energy (NASDAQ:HNRG) last released its earnings results on Tuesday, November 6th. The energy company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.04). The company had revenue of $79.72 million during the quarter, compared to analysts’ expectations of $79.30 million. Hallador Energy had a net margin of 9.64% and a return on equity of 3.07%. As a group, research analysts anticipate that Hallador Energy Co will post 0.27 EPS for the current year.
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About Hallador Energy
Hallador Energy Co engages in business through its subsidiary, Sunrise Coal, LLC, which produces coal in the Illinois Basin for the electric power generation industry. It also owns summit terminal, a transport facility on the Ohio River. The company was founded in 1951 and is headquartered in Denver, CO.
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