Insider Buying: Hallador Energy (NASDAQ:HNRG) Director Purchases 3,000 Shares

Hallador Energy Company (NASDAQ:HNRG) Director Daniel Timothy Hudson bought 3,000 shares of the stock in a transaction dated Wednesday, June 24th. The shares were acquired at an average price of $17.04 per share, for a total transaction of $51,120.00. Following the completion of the purchase, the director directly owned 3,000 shares in the company, valued at approximately $51,120. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Daniel Timothy Hudson also recently made the following trade(s):

• On Thursday, June 25th, Daniel Timothy Hudson purchased 2,000 shares of Hallador Energy stock. The stock was bought at an average cost of $17.70 per share, for a total transaction of $35,400.00.

Hallador Energy Stock Up 2.4%

NASDAQ HNRG traded up $0.43 during trading hours on Thursday, reaching $18.13. 275,986 shares of the company were exchanged, compared to its average volume of 811,011. The stock has a market capitalization of $854.47 million, a P/E ratio of 34.26 and a beta of 0.22. Hallador Energy Company has a 1 year low of $14.46 and a 1 year high of $24.70. The business’s 50 day simple moving average is $17.56 and its 200-day simple moving average is $18.28.

Hallador Energy (NASDAQ:HNRG) last released its earnings results on Wednesday, May 6th. The energy company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). Hallador Energy had a net margin of 4.98% and a return on equity of 14.25%. The company had revenue of $101.81 million for the quarter, compared to the consensus estimate of $102.28 million. As a group, sell-side analysts anticipate that Hallador Energy Company will post 0.16 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on HNRG shares. Northland Securities boosted their price objective on Hallador Energy from $29.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, March 26th. B. Riley Financial raised shares of Hallador Energy from a “neutral” rating to a “buy” rating and boosted their price target for the company from $23.00 to $27.00 in a research report on Friday, March 13th. Wall Street Zen raised shares of Hallador Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 23rd. Weiss Ratings upgraded shares of Hallador Energy from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Finally, Jefferies Financial Group raised shares of Hallador Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Hallador Energy currently has an average rating of “Moderate Buy” and an average target price of $26.62.

Institutional Trading of Hallador Energy

Institutional investors and hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC increased its stake in Hallador Energy by 1.9% in the 1st quarter. AQR Capital Management LLC now owns 103,534 shares of the energy company’s stock worth $1,271,000 after acquiring an additional 1,950 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Hallador Energy by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,193 shares of the energy company’s stock valued at $187,000 after purchasing an additional 624 shares in the last quarter. Millennium Management LLC lifted its position in Hallador Energy by 1,233.6% during the first quarter. Millennium Management LLC now owns 486,532 shares of the energy company’s stock valued at $5,975,000 after purchasing an additional 450,049 shares during the last quarter. Empowered Funds LLC lifted its position in Hallador Energy by 5.5% during the first quarter. Empowered Funds LLC now owns 246,106 shares of the energy company’s stock valued at $3,022,000 after purchasing an additional 12,921 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new position in Hallador Energy in the 1st quarter worth approximately $807,000. 61.38% of the stock is currently owned by hedge funds and other institutional investors.

About Hallador Energy

Hallador Energy Company is a coal producer and mine operator trading on NASDAQ under the symbol HNRG. The company’s primary business activities center on the production and sale of bituminous thermal coal. Hallador’s operations encompass two surface mines: the Shoal Creek Mine located in southwestern Indiana and the Bull Mountain Mine situated in eastern Montana. Both sites are designed to extract high-quality coal reserves for the power generation market.

Hallador Energy markets its coal primarily to electric utilities and industrial customers across the United States.