Quantinno Capital Management LP Invests $96,000 in Hallador Energy (NASDAQ:HNRG)

Quantinno Capital Management LP bought a new stake in shares of Hallador Energy (NASDAQ:HNRG) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,186 shares of the energy company’s stock, valued at approximately $96,000.

Other large investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its holdings in shares of Hallador Energy by 1.7% in the second quarter. Bank of New York Mellon Corp now owns 183,683 shares of the energy company’s stock valued at $1,427,000 after buying an additional 3,017 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Hallador Energy by 16.1% during the second quarter. Rhumbline Advisers now owns 37,757 shares of the energy company’s stock valued at $293,000 after purchasing an additional 5,241 shares during the last quarter. ClariVest Asset Management LLC acquired a new position in shares of Hallador Energy in the 2nd quarter valued at $735,000. American Century Companies Inc. increased its stake in Hallador Energy by 7.6% in the 2nd quarter. American Century Companies Inc. now owns 555,879 shares of the energy company’s stock worth $4,319,000 after purchasing an additional 39,032 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. acquired a new stake in Hallador Energy during the 2nd quarter worth about $584,000. 61.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Hallador Energy news, Director David C. Hardie sold 2,553 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $13.01, for a total value of $33,214.53. Following the transaction, the director now directly owns 2,041,488 shares of the company’s stock, valued at $26,559,758.88. This represents a 0.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders sold 104,524 shares of company stock worth $1,356,743. Corporate insiders own 32.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on HNRG. Alliance Global Partners started coverage on shares of Hallador Energy in a research report on Monday, December 9th. They issued a “buy” rating and a $17.00 target price on the stock. B. Riley lifted 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.

Hallador Energy Price Performance

Shares of HNRG opened at $11.76 on Wednesday. The business’s 50-day moving average is $11.34 and its 200-day moving average is $8.83. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.17. The company has a market capitalization of $501.18 million, a price-to-earnings ratio of -21.38 and a beta of 0.69. Hallador Energy has a fifty-two week low of $4.33 and a fifty-two week high of $14.00.

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

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.