Geode Capital Management LLC Acquires 27,093 Shares of Hallador Energy (NASDAQ:HNRG)

Geode Capital Management LLC grew its holdings in Hallador Energy (NASDAQ:HNRG) by 4.2% in the 3rd quarter, Holdings Channel reports. The fund owned 672,801 shares of the energy company’s stock after purchasing an additional 27,093 shares during the quarter. Geode Capital Management LLC’s holdings in Hallador Energy were worth $6,346,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. The Manufacturers Life Insurance Company bought a new position in shares of Hallador Energy during the 2nd quarter worth about $78,000. CWM LLC increased its stake in Hallador Energy by 154.4% during the third quarter. CWM LLC now owns 8,227 shares of the energy company’s stock valued at $78,000 after acquiring an additional 4,993 shares during the period. Quantinno Capital Management LP acquired a new position in Hallador Energy in the 3rd quarter valued at approximately $96,000. Exchange Traded Concepts LLC lifted its position in shares of Hallador Energy by 66.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 10,357 shares of the energy company’s stock worth $98,000 after acquiring an additional 4,132 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Hallador Energy during the 3rd quarter worth approximately $100,000. Institutional investors and hedge funds own 61.38% of the company’s stock.

Insider Buying and Selling

In other Hallador Energy news, Director David C. Hardie sold 44,699 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $12.88, for a total transaction of $575,723.12. Following the transaction, the director now directly owns 2,130,423 shares in the company, valued at approximately $27,439,848.24. This represents a 2.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 104,524 shares of company stock worth $1,356,743 in the last 90 days. Corporate insiders own 32.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HNRG. B. Riley raised their target price on Hallador Energy from $9.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Alliance Global Partners assumed coverage on shares of Hallador Energy in a report on Monday, December 9th. They set a “buy” rating and a $17.00 price objective for the company.

Hallador Energy Stock Up 0.4 %

HNRG opened at $11.74 on Friday. The firm has a market cap of $500.32 million, a price-to-earnings ratio of -21.35 and a beta of 0.68. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.17 and a current ratio of 0.58. The firm’s 50-day simple moving average is $11.67 and its 200-day simple moving average is $9.09. Hallador Energy has a twelve month low of $4.33 and a twelve month high of $14.00.

Hallador Energy (NASDAQ:HNRG) last posted its earnings results on Tuesday, November 12th. The energy company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $105.04 million during the quarter, compared to analysts’ expectations of $117.10 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. Equities research analysts anticipate that Hallador Energy will post -0.31 EPS for the current fiscal year.

Hallador Energy Company 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.