Taconic Capital Advisors LP Takes $4.15 Million Position in Hallador Energy (NASDAQ:HNRG)

Taconic Capital Advisors LP acquired a new stake in Hallador Energy (NASDAQ:HNRG) during the third quarter, Holdings Channel.com reports. The firm acquired 439,724 shares of the energy company’s stock, valued at approximately $4,147,000. Hallador Energy accounts for approximately 2.2% of Taconic Capital Advisors LP’s portfolio, making the stock its 7th largest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of HNRG. Point72 Asset Management L.P. acquired a new stake in Hallador Energy during the 2nd quarter worth $2,197,000. ClariVest Asset Management LLC acquired a new stake in Hallador Energy during the 2nd quarter worth $735,000. Pekin Hardy Strauss Inc. raised its stake in Hallador Energy by 87.7% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 140,950 shares of the energy company’s stock worth $1,329,000 after acquiring an additional 65,850 shares in the last quarter. Empyrean Capital Partners LP acquired a new stake in Hallador Energy during the 2nd quarter worth $3,885,000. Finally, B. Riley Wealth Advisors Inc. raised its stake in Hallador Energy by 3,171.7% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 376,250 shares of the energy company’s stock worth $2,923,000 after acquiring an additional 364,750 shares in the last quarter. 61.38% of the stock is currently owned by institutional investors and hedge funds.

Hallador Energy Trading Down 0.1 %

Shares of HNRG opened at $12.25 on Friday. Hallador Energy has a 12-month low of $4.33 and a 12-month high of $14.00. The company has a 50-day moving average of $10.45 and a two-hundred day moving average of $8.28. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.17 and a current ratio of 0.58.

Hallador Energy (NASDAQ:HNRG) last released its earnings results on Tuesday, November 12th. The energy company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.14. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.71%. The firm had revenue of $105.04 million during the quarter, compared to the consensus estimate of $117.10 million. During the same period in the previous year, the firm earned $0.47 earnings per share. As a group, equities research analysts expect that Hallador Energy will post -0.31 earnings per share for the current fiscal year.

Insider Activity at Hallador Energy

In other Hallador Energy news, Director Charles Ray Iv Wesley acquired 25,000 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was bought at an average cost of $5.97 per share, for a total transaction of $149,250.00. Following the completion of the purchase, the director now directly owns 184,302 shares in the company, valued at $1,100,282.94. This represents a 15.69 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David C. Hardie sold 14,893 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $13.02, for a total transaction of $193,906.86. Following the sale, the director now owns 2,091,926 shares of the company’s stock, valued at approximately $27,236,876.52. This represents a 0.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 83,196 shares of company stock worth $1,079,078. 32.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. B. Riley raised their price objective on shares of Hallador Energy from $9.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. StockNews.com downgraded shares of Hallador Energy from a “hold” rating to a “sell” rating in a research report on Sunday, August 18th.

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.