Heartland Advisors Inc. Decreases Stake in Hallador Energy (NASDAQ:HNRG)

Heartland Advisors Inc. lowered its stake in shares of Hallador Energy (NASDAQ:HNRG) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 785,200 shares of the energy company’s stock after selling 36,800 shares during the period. Heartland Advisors Inc. owned 1.84% of Hallador Energy worth $8,991,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Quantinno Capital Management LP bought a new stake in shares of Hallador Energy in the 3rd quarter worth approximately $96,000. Janus Henderson Group PLC bought a new position in Hallador Energy during the 3rd quarter valued at approximately $119,000. Intech Investment Management LLC purchased a new stake in Hallador Energy in the 4th quarter worth approximately $156,000. Sage Investment Counsel LLC bought a new stake in shares of Hallador Energy in the 4th quarter worth approximately $160,000. Finally, Bleakley Financial Group LLC purchased a new position in shares of Hallador Energy during the fourth quarter valued at approximately $171,000. Hedge funds and other institutional investors own 61.38% of the company’s stock.

Hallador Energy Price Performance

Shares of NASDAQ HNRG opened at $12.90 on Friday. The company has a 50 day moving average of $11.04 and a 200 day moving average of $10.76. The company has a quick ratio of 0.17, a current ratio of 0.58 and a debt-to-equity ratio of 0.16. Hallador Energy has a twelve month low of $4.33 and a twelve month high of $14.00. The firm has a market cap of $549.79 million, a P/E ratio of -23.45 and a beta of 0.55.

Hallador Energy (NASDAQ:HNRG) last issued its earnings results on Monday, March 17th. The energy company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. The business had revenue of $94.80 million during the quarter, compared to analyst estimates of $102.46 million. As a group, research analysts expect that Hallador Energy will post -0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on HNRG shares. Alliance Global Partners initiated coverage on Hallador Energy in a research report on Monday, December 9th. They issued a “buy” rating and a $17.00 target price for the company. StockNews.com upgraded shares of Hallador Energy to a “sell” rating in a report on Friday, March 21st.

Hallador Energy Company 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.