Hallador Energy (NASDAQ:HNRG) Shares Sold by Jane Street Group LLC

Jane Street Group LLC decreased its position in shares of Hallador Energy (NASDAQ:HNRG) by 18.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 68,803 shares of the energy company’s stock after selling 15,882 shares during the quarter. Jane Street Group LLC’s holdings in Hallador Energy were worth $649,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in HNRG. Empyrean Capital Partners LP purchased a new position in Hallador Energy during the 2nd quarter worth approximately $3,885,000. Taconic Capital Advisors LP purchased a new position in shares of Hallador Energy during the third quarter worth approximately $4,147,000. B. Riley Wealth Advisors Inc. increased its holdings in shares of Hallador Energy by 3,171.7% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 376,250 shares of the energy company’s stock valued at $2,923,000 after acquiring an additional 364,750 shares during the period. Point72 Asset Management L.P. purchased a new stake in Hallador Energy in the 2nd quarter valued at $2,197,000. Finally, Stifel Financial Corp boosted its stake in Hallador Energy by 959.7% during the 3rd quarter. Stifel Financial Corp now owns 264,976 shares of the energy company’s stock worth $2,499,000 after purchasing an additional 239,972 shares during the period. Institutional investors and hedge funds own 61.38% of the company’s stock.

Insider Transactions at Hallador Energy

In other news, Director David C. Hardie sold 18,775 shares of Hallador Energy stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $13.02, for a total transaction of $244,450.50. Following the completion of the sale, the director now directly owns 2,022,713 shares in the company, valued at approximately $26,335,723.26. This trade represents a 0.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 104,524 shares of company stock valued at $1,356,743 in the last ninety days. 32.30% of the stock is currently owned by company insiders.

Hallador Energy Stock Performance

NASDAQ HNRG opened at $11.74 on Friday. The stock has a market capitalization of $500.32 million, a price-to-earnings ratio of -21.35 and a beta of 0.68. The business’s 50 day moving average is $11.67 and its two-hundred day moving average is $9.09. Hallador Energy has a 12-month low of $4.33 and a 12-month high of $14.00. The company has a current ratio of 0.58, a quick ratio of 0.17 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, beating analysts’ consensus estimates of ($0.10) by $0.14. The firm had revenue of $105.04 million for the quarter, compared to the consensus estimate of $117.10 million. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. During the same period in the previous year, the business earned $0.47 earnings per share. Research analysts expect that Hallador Energy will post -0.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. B. Riley lifted their price objective on shares of 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 initiated coverage on Hallador Energy in a research note on Monday, December 9th. They set a “buy” rating and a $17.00 price objective for the company.

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.