Inspire Investing LLC Has $413,000 Stock Position in Hecla Mining (NYSE:HL)

Inspire Investing LLC lessened its stake in Hecla Mining (NYSE:HL) by 14.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,867 shares of the basic materials company’s stock after selling 10,846 shares during the quarter. Inspire Investing LLC’s holdings in Hecla Mining were worth $413,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Continuum Advisory LLC lifted its stake in Hecla Mining by 313.6% in the second quarter. Continuum Advisory LLC now owns 6,551 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 4,967 shares during the last quarter. Innealta Capital LLC acquired a new stake in Hecla Mining in the 2nd quarter valued at about $41,000. Ballentine Partners LLC bought a new position in Hecla Mining during the second quarter worth about $54,000. Oak Family Advisors LLC acquired a new position in Hecla Mining during the second quarter worth approximately $55,000. Finally, Empowered Funds LLC raised its stake in Hecla Mining by 27.7% in the first quarter. Empowered Funds LLC now owns 13,447 shares of the basic materials company’s stock valued at $65,000 after buying an additional 2,916 shares during the period. 63.01% of the stock is owned by institutional investors.

Hecla Mining Trading Up 1.2 %

Shares of Hecla Mining stock opened at $6.78 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.58 and a current ratio of 1.29. The firm has a 50-day moving average of $6.20 and a 200-day moving average of $5.67. Hecla Mining has a 52-week low of $3.33 and a 52-week high of $7.40. The stock has a market cap of $4.25 billion, a PE ratio of -45.20 and a beta of 2.01.

Hecla Mining (NYSE:HL) last announced its earnings results on Tuesday, August 6th. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. Hecla Mining had a negative net margin of 5.56% and a negative return on equity of 0.42%. The firm had revenue of $245.66 million for the quarter, compared to analyst estimates of $208.80 million. During the same quarter in the prior year, the business posted $0.03 EPS. As a group, sell-side analysts forecast that Hecla Mining will post 0.07 EPS for the current year.

Hecla Mining Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 26th were issued a $0.0138 dividend. The ex-dividend date was Monday, August 26th. This is a boost from Hecla Mining’s previous quarterly dividend of $0.00. This represents a $0.06 annualized dividend and a yield of 0.81%. Hecla Mining’s payout ratio is currently -33.33%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. StockNews.com lowered Hecla Mining from a “hold” rating to a “sell” rating in a report on Thursday. Roth Mkm decreased their price objective on shares of Hecla Mining from $6.25 to $6.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, HC Wainwright restated a “buy” rating and set a $10.25 target price on shares of Hecla Mining in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Hecla Mining currently has an average rating of “Moderate Buy” and a consensus target price of $7.56.

Insider Activity

In related news, VP Kurt Allen sold 108,612 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $6.77, for a total value of $735,303.24. Following the transaction, the vice president now owns 173,700 shares in the company, valued at approximately $1,175,949. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.40% of the company’s stock.

About Hecla Mining

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.