Deerfield Management Company L.P. Series C Buys Shares of 40,892 Hallador Energy (NASDAQ:HNRG)

Deerfield Management Company L.P. Series C purchased a new stake in shares of Hallador Energy (NASDAQ:HNRG) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 40,892 shares of the energy company’s stock, valued at approximately $318,000.

Other large investors have also made changes to their positions in the company. Bank of New York Mellon Corp boosted 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 worth $1,427,000 after buying an additional 3,017 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Hallador Energy by 10.1% in the first quarter. Janney Montgomery Scott LLC now owns 53,172 shares of the energy company’s stock worth $283,000 after acquiring an additional 4,887 shares during the period. Rhumbline Advisers raised its position in Hallador Energy by 16.1% in 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 during the period. Norden Group LLC purchased a new position in shares of Hallador Energy during the 1st quarter worth $55,000. Finally, Privium Fund Management UK Ltd purchased a new stake in shares of Hallador Energy in the 1st quarter worth $64,000. 61.38% of the stock is currently owned by institutional investors.

Hallador Energy Trading Up 10.2 %

Hallador Energy stock opened at $9.70 on Friday. Hallador Energy has a 12-month low of $4.33 and a 12-month high of $15.79. The firm has a market capitalization of $359.16 million, a price-to-earnings ratio of 16.44 and a beta of 0.59. The firm has a 50 day moving average of $6.76 and a 200 day moving average of $6.60. The company has a current ratio of 0.53, a quick ratio of 0.16 and a debt-to-equity ratio of 0.11.

Hallador Energy (NASDAQ:HNRG) last announced its quarterly earnings data on Tuesday, August 6th. The energy company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.19). Hallador Energy had a negative return on equity of 1.48% and a negative net margin of 1.25%. The firm had revenue of $90.91 million during the quarter, compared to analysts’ expectations of $108.00 million. During the same period last year, the company earned $0.47 earnings per share. As a group, research analysts predict that Hallador Energy will post -0.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Hallador Energy from a “hold” rating to a “sell” rating in a research report on Sunday, August 18th.

Insider Buying and Selling at Hallador Energy

In other Hallador Energy news, Director Zarrell Thomas Gray acquired 10,000 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was purchased at an average price of $5.50 per share, with a total value of $55,000.00. Following the completion of the purchase, the director now directly owns 23,000 shares in the company, valued at approximately $126,500. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Hallador Energy news, Director Zarrell Thomas Gray bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were bought at an average price of $5.50 per share, with a total value of $55,000.00. Following the purchase, the director now owns 23,000 shares of the company’s stock, valued at $126,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles Ray Iv Wesley purchased 25,000 shares of the company’s stock in a transaction on Friday, September 6th. The stock was acquired at an average price of $5.97 per share, with a total value of $149,250.00. Following the completion of the purchase, the director now directly owns 184,302 shares in the company, valued at $1,100,282.94. The disclosure for this purchase can be found here. Insiders have acquired a total of 61,000 shares of company stock valued at $363,840 over the last ninety days. 32.30% of the stock is currently owned by company insiders.

About Hallador Energy

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.