Centiva Capital LP Purchases 11,929 Shares of Hallador Energy (NASDAQ:HNRG)

Centiva Capital LP boosted its stake in shares of Hallador Energy (NASDAQ:HNRG) by 97.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,153 shares of the energy company’s stock after acquiring an additional 11,929 shares during the quarter. Centiva Capital LP owned about 0.06% of Hallador Energy worth $228,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its holdings in Hallador Energy by 1.7% during 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 period. Rhumbline Advisers increased its position in shares of Hallador Energy by 16.1% in the 2nd quarter. Rhumbline Advisers now owns 37,757 shares of the energy company’s stock valued at $293,000 after acquiring an additional 5,241 shares during the period. ClariVest Asset Management LLC acquired a new position in shares of Hallador Energy in the 2nd quarter valued at $735,000. American Century Companies Inc. increased its position in shares of 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 during the period. Finally, Pekin Hardy Strauss Inc. acquired a new position in shares of Hallador Energy in the 2nd quarter valued at $584,000. 61.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on HNRG. Alliance Global Partners began coverage on Hallador Energy in a research report on Monday. They issued a “buy” rating and a $17.00 target price on the stock. B. Riley increased their target price on shares of Hallador Energy from $9.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, StockNews.com lowered shares of Hallador Energy from a “hold” rating to a “sell” rating in a research note on Sunday, August 18th.

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 on Friday, November 15th. The shares were sold at an average price of $12.88, for a total value of $575,723.12. Following the completion of the transaction, the director now owns 2,130,423 shares in the company, valued at $27,439,848.24. This represents a 2.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders sold 104,524 shares of company stock worth $1,356,743. Corporate insiders own 32.30% of the company’s stock.

Hallador Energy Stock Down 1.8 %

Shares of NASDAQ HNRG opened at $12.40 on Friday. The company has a 50 day simple moving average of $11.23 and a 200-day simple moving average of $8.72. The company has a market capitalization of $528.45 million, a P/E ratio of -22.55 and a beta of 0.69. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.17. Hallador Energy has a 1 year low of $4.33 and a 1 year high of $14.00.

Hallador Energy (NASDAQ:HNRG) last announced its quarterly earnings results on Tuesday, November 12th. The energy company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.14. The business had revenue of $105.04 million during the quarter, compared to the consensus estimate of $117.10 million. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.71%. During the same quarter last year, the firm earned $0.47 EPS. On average, equities research analysts predict that Hallador Energy will post -0.31 earnings per share for the current year.

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.