Insider Selling: Hallador Energy (NASDAQ:HNRG) Director Sells $193,906.86 in Stock

Hallador Energy (NASDAQ:HNRG) Director David C. Hardie sold 14,893 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $13.02, for a total value of $193,906.86. Following the completion of the transaction, the director now directly owns 2,091,926 shares in the company, valued at $27,236,876.52. The trade was a 0.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Hallador Energy Stock Performance

Shares of HNRG opened at $13.34 on Monday. Hallador Energy has a 52 week low of $4.33 and a 52 week high of $13.57. The company has a quick ratio of 0.17, a current ratio of 0.58 and a debt-to-equity ratio of 0.16. The stock has a market cap of $568.55 million, a price-to-earnings ratio of -24.25 and a beta of 0.62. The business has a 50-day simple moving average of $9.99 and a two-hundred day simple moving average of $8.14.

Hallador Energy (NASDAQ:HNRG) last released its earnings results on Tuesday, November 12th. The energy company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.14. The company had revenue of $105.04 million for the quarter, compared to analysts’ expectations 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 business earned $0.47 EPS. On average, analysts expect that Hallador Energy will post -0.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. StockNews.com downgraded shares of Hallador Energy from a “hold” rating to a “sell” rating in a report on Sunday, August 18th. B. Riley lifted their price target 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.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Point72 Asset Management L.P. bought a new stake in Hallador Energy during the second quarter valued at about $2,197,000. ClariVest Asset Management LLC bought a new stake in Hallador Energy during the 2nd quarter valued at approximately $735,000. Empyrean Capital Partners LP purchased a new position in Hallador Energy in the 2nd quarter worth approximately $3,885,000. Pekin Hardy Strauss Inc. boosted its stake in Hallador Energy by 87.7% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 140,950 shares of the energy company’s stock worth $1,329,000 after purchasing an additional 65,850 shares during the period. Finally, B. Riley Wealth Advisors Inc. grew its holdings 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 valued at $2,923,000 after buying an additional 364,750 shares in the last quarter. Hedge funds and other institutional investors own 61.38% of the company’s stock.

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.