JB Capital Partners LP Makes New $2.78 Billion Investment in Hallador Energy Company $HNRG

JB Capital Partners LP acquired a new stake in shares of Hallador Energy Company (NASDAQ:HNRG) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 160,000 shares of the energy company’s stock, valued at approximately $2,782,400,000. JB Capital Partners LP owned 0.34% of Hallador Energy at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Lubar & Co. Inc bought a new position in shares of Hallador Energy during the 4th quarter valued at approximately $103,806,000. BlackRock Inc. bought a new stake in Hallador Energy in the second quarter worth $49,594,000. Ameriprise Financial Inc. bought a new stake in Hallador Energy in the second quarter worth $18,735,000. Dimensional Fund Advisors LP boosted its stake in Hallador Energy by 12.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,022,983 shares of the energy company’s stock worth $16,658,000 after buying an additional 109,781 shares during the period. Finally, Apis Capital Advisors LLC boosted its stake in Hallador Energy by 7.0% during the fourth quarter. Apis Capital Advisors LLC now owns 914,000 shares of the energy company’s stock worth $17,403,000 after buying an additional 60,000 shares during the period. 61.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on HNRG shares. Wall Street Zen downgraded shares of Hallador Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 15th. Alliance Global Partners raised shares of Hallador Energy to a “strong-buy” rating in a research note on Friday, August 14th. Northland Securities set a $28.00 price target on shares of Hallador Energy in a report on Tuesday, August 11th. Weiss Ratings lowered shares of Hallador Energy from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Tuesday. Finally, Zacks Research downgraded shares of Hallador Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $25.12.

Insider Transactions at Hallador Energy

In related news, Director Charles Ray Iv Wesley bought 15,000 shares of Hallador Energy stock in a transaction dated Tuesday, June 16th. The shares were acquired at an average cost of $16.69 per share, with a total value of $250,350.00. Following the completion of the transaction, the director owned 338,469 shares in the company, valued at $5,649,047.61. The trade was a 4.64% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel Timothy Hudson purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, July 9th. The shares were bought at an average cost of $16.58 per share, with a total value of $82,900.00. Following the purchase, the director directly owned 20,000 shares of the company’s stock, valued at approximately $331,600. This represents a 33.33% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 35,000 shares of company stock valued at $589,170 in the last quarter. 17.43% of the stock is currently owned by company insiders.

Hallador Energy Stock Performance

HNRG stock opened at $15.38 on Friday. Hallador Energy Company has a twelve month low of $13.65 and a twelve month high of $24.70. The firm has a market cap of $725.01 million, a price-to-earnings ratio of 769.00 and a beta of 0.25. The business’s fifty day simple moving average is $16.25 and its two-hundred day simple moving average is $17.18. The company has a quick ratio of 0.24, a current ratio of 0.72 and a debt-to-equity ratio of 0.21.

Hallador Energy (NASDAQ:HNRG) last issued its earnings results on Monday, August 10th. The energy company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.20). The company had revenue of $101.51 million for the quarter, compared to analysts’ expectations of $90.33 million. Hallador Energy had a negative net margin of 0.20% and a negative return on equity of 0.52%. Analysts predict that Hallador Energy Company will post -0.09 earnings per share for the current year.

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.