Highland Peak Capital LLC Makes New Investment in Hallador Energy (NASDAQ:HNRG)

Highland Peak Capital LLC acquired a new position in shares of Hallador Energy (NASDAQ:HNRG) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 514,863 shares of the energy company’s stock, valued at approximately $5,895,000. Hallador Energy accounts for 3.2% of Highland Peak Capital LLC’s investment portfolio, making the stock its 10th biggest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Quantinno Capital Management LP bought a new stake in shares of Hallador Energy in the third quarter valued at about $96,000. Janus Henderson Group PLC bought a new stake in shares of Hallador Energy in the third quarter valued at about $119,000. Sage Investment Counsel LLC bought a new stake in shares of Hallador Energy in the fourth quarter valued at about $160,000. Bleakley Financial Group LLC bought a new stake in shares of Hallador Energy in the fourth quarter valued at about $171,000. Finally, Aspiriant LLC bought a new stake in Hallador Energy during the fourth quarter worth about $179,000. 61.38% of the stock is owned by institutional investors.

Hallador Energy Trading Down 1.9 %

HNRG opened at $8.78 on Monday. Hallador Energy has a twelve month low of $4.33 and a twelve month high of $14.00. The company has a 50-day simple moving average of $11.15 and a 200 day simple moving average of $10.32. 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 capitalization of $374.18 million, a price-to-earnings ratio of -15.96 and a beta of 0.55.

Analysts Set New Price Targets

HNRG has been the subject of several recent analyst reports. B. Riley upped their price objective on shares of Hallador Energy from $9.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Alliance Global Partners initiated coverage on shares of Hallador Energy in a research report on Monday, December 9th. They set a “buy” rating and a $17.00 price objective for the company.

Hallador Energy Company 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.