Insider Buying: Hallador Energy (NASDAQ:HNRG) Director Acquires 25,000 Shares of Stock

Hallador Energy (NASDAQ:HNRG) Director Charles Ray Iv Wesley bought 25,000 shares of the stock in a transaction on Friday, September 6th. The shares were bought at an average cost of $5.97 per share, for a total transaction of $149,250.00. Following the purchase, the director now owns 184,302 shares in the company, valued at approximately $1,100,282.94. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Charles Ray Iv Wesley also recently made the following trade(s):

• On Friday, August 16th, Charles Ray Iv Wesley acquired 5,000 shares of Hallador Energy stock. The stock was bought at an average price of $5.76 per share, with a total value of $28,800.00.

Hallador Energy Price Performance

Shares of NASDAQ HNRG traded up $0.04 during midday trading on Tuesday, reaching $6.44. The company’s stock had a trading volume of 198,980 shares, compared to its average volume of 449,412. Hallador Energy has a one year low of $4.33 and a one year high of $15.79. The company has a market cap of $238.45 million, a price-to-earnings ratio of 10.85 and a beta of 0.59. The company has a 50 day moving average price of $6.91 and a 200 day moving average price of $6.63. 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 posted its quarterly earnings results on Tuesday, August 6th. The energy company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.19). The company had revenue of $90.91 million during the quarter, compared to the consensus estimate of $108.00 million. Hallador Energy had a negative net margin of 1.25% and a negative return on equity of 1.48%. During the same period in the prior year, the company posted $0.47 EPS. On average, equities research analysts expect that Hallador Energy will post -0.41 EPS for the current year.

Institutional Investors Weigh In On Hallador Energy

Several hedge funds have recently modified their holdings of the stock. Point72 Asset Management L.P. acquired a new stake in shares of Hallador Energy during the second quarter valued at approximately $2,197,000. B. Riley Wealth Advisors Inc. grew its position in Hallador Energy by 3,171.7% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 376,250 shares of the energy company’s stock worth $2,923,000 after purchasing an additional 364,750 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Hallador Energy during the 2nd quarter valued at $78,000. Deerfield Management Company L.P. Series C purchased a new stake in shares of Hallador Energy in the second quarter valued at $318,000. Finally, Empyrean Capital Partners LP purchased a new stake in shares of Hallador Energy in the second quarter valued at $3,885,000. 61.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HNRG. B. Riley upgraded Hallador Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $8.00 to $9.00 in a research report on Thursday, May 30th. StockNews.com lowered Hallador Energy from a “hold” rating to a “sell” rating in a report on Sunday, August 18th.

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.