Stifel Financial Corp Purchases 239,972 Shares of Hallador Energy (NASDAQ:HNRG)

Stifel Financial Corp grew its position in shares of Hallador Energy (NASDAQ:HNRG) by 959.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 264,976 shares of the energy company’s stock after acquiring an additional 239,972 shares during the quarter. Stifel Financial Corp’s holdings in Hallador Energy were worth $2,499,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp increased its stake in Hallador Energy by 1.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 183,683 shares of the energy company’s stock valued at $1,427,000 after purchasing an additional 3,017 shares in the last quarter. Rhumbline Advisers increased its position 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 worth $293,000 after acquiring an additional 5,241 shares in the last quarter. ClariVest Asset Management LLC acquired a new stake in shares of Hallador Energy in the 2nd quarter worth about $735,000. American Century Companies Inc. lifted its position 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 valued at $4,319,000 after acquiring an additional 39,032 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. acquired a new position in Hallador Energy during the 2nd quarter valued at about $584,000. 61.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Hallador Energy

In other Hallador Energy news, Director David C. Hardie sold 44,699 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $12.88, for a total value of $575,723.12. Following the transaction, the director now owns 2,130,423 shares in the company, valued at approximately $27,439,848.24. The trade was a 2.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 104,524 shares of company stock worth $1,356,743 in the last ninety days. 32.30% of the stock is owned by company insiders.

Hallador Energy Stock Down 5.4 %

HNRG opened at $11.12 on Thursday. The stock has a market cap of $473.90 million, a PE ratio of -20.22 and a beta of 0.69. Hallador Energy has a 52 week low of $4.33 and a 52 week high of $14.00. The business’s fifty day simple moving average is $11.37 and its 200 day simple moving average is $8.84. 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 (NASDAQ:HNRG) last posted its quarterly earnings results on Tuesday, November 12th. The energy company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.14. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.71%. The business had revenue of $105.04 million during the quarter, compared to the consensus estimate of $117.10 million. During the same period in the previous year, the firm posted $0.47 earnings per share. As a group, research analysts expect that Hallador Energy will post -0.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. B. Riley raised their price objective on Hallador Energy from $9.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Alliance Global Partners began coverage on shares of Hallador Energy in a report on Monday, December 9th. They issued a “buy” rating and a $17.00 price target for the company.

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.