Profund Advisors LLC Trims Position in Hecla Mining (NYSE:HL)

Profund Advisors LLC trimmed its position in Hecla Mining (NYSE:HL) by 12.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 54,929 shares of the basic materials company’s stock after selling 7,597 shares during the period. Profund Advisors LLC’s holdings in Hecla Mining were worth $266,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HL. Continuum Advisory LLC raised its holdings in Hecla Mining by 313.6% in the 2nd quarter. Continuum Advisory LLC now owns 6,551 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 4,967 shares during the period. Innealta Capital LLC purchased a new stake in Hecla Mining in the second quarter worth about $41,000. Ballentine Partners LLC bought a new position in shares of Hecla Mining in the second quarter worth about $54,000. Oak Family Advisors LLC bought a new position in shares of Hecla Mining in the second quarter worth about $55,000. Finally, Empowered Funds LLC lifted its position in shares of Hecla Mining by 27.7% during the 1st quarter. Empowered Funds LLC now owns 13,447 shares of the basic materials company’s stock valued at $65,000 after buying an additional 2,916 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Insider Transactions at Hecla Mining

In related news, VP Kurt Allen sold 108,612 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $6.77, for a total value of $735,303.24. Following the completion of the transaction, the vice president now directly owns 173,700 shares of the company’s stock, valued at $1,175,949. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.40% of the company’s stock.

Hecla Mining Stock Performance

HL opened at $6.80 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.58 and a current ratio of 1.29. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of -45.30 and a beta of 2.00. The company has a fifty day moving average of $5.90 and a 200 day moving average of $5.46. Hecla Mining has a fifty-two week low of $3.33 and a fifty-two week high of $7.40.

Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The firm had revenue of $245.66 million during the quarter, compared to analyst estimates of $208.80 million. Hecla Mining had a negative return on equity of 0.42% and a negative net margin of 5.56%. During the same quarter last year, the business posted $0.03 earnings per share. As a group, sell-side analysts forecast that Hecla Mining will post 0.05 earnings per share for the current fiscal year.

Hecla Mining Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 26th were paid a $0.0138 dividend. This is an increase from Hecla Mining’s previous quarterly dividend of $0.00. The ex-dividend date was Monday, August 26th. This represents a $0.06 dividend on an annualized basis and a yield of 0.81%. Hecla Mining’s payout ratio is presently -33.33%.

Analyst Ratings Changes

A number of research firms have commented on HL. HC Wainwright restated a “buy” rating and set a $10.25 target price on shares of Hecla Mining in a research note on Thursday, August 8th. Roth Mkm decreased their price objective on shares of Hecla Mining from $6.25 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, StockNews.com raised shares of Hecla Mining from a “sell” rating to a “hold” rating in a report on Friday. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $7.56.

Hecla Mining Company Profile

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.