Hallador Energy Company $HNRG Stake Reduced by Aegis Financial Corp

Aegis Financial Corp lowered its holdings in Hallador Energy Company (NASDAQ:HNRG) by 9.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,814,026 shares of the energy company’s stock after selling 196,968 shares during the period. Hallador Energy makes up 8.2% of Aegis Financial Corp’s holdings, making the stock its 4th biggest holding. Aegis Financial Corp’s holdings in Hallador Energy were worth $34,539,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in Hallador Energy during the 2nd quarter worth about $27,000. EverSource Wealth Advisors LLC increased its holdings in shares of Hallador Energy by 11,110.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company’s stock valued at $34,000 after acquiring an additional 2,111 shares during the last quarter. USA Financial Formulas purchased a new position in shares of Hallador Energy in the 4th quarter valued at about $42,000. Meeder Asset Management Inc. purchased a new position in shares of Hallador Energy in the 4th quarter valued at about $44,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Hallador Energy by 294.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,180 shares of the energy company’s stock valued at $50,000 after purchasing an additional 2,374 shares during the period. Hedge funds and other institutional investors own 61.38% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. B. Riley Financial raised Hallador Energy from a “neutral” rating to a “buy” rating and upped their target price for the company from $23.00 to $27.00 in a research report on Friday, March 13th. Weiss Ratings raised Hallador Energy from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Jefferies Financial Group raised Hallador Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 26th. Wall Street Zen raised Hallador Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 23rd. Finally, Northland Securities upped their target price on Hallador Energy from $29.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $26.63.

Hallador Energy Trading Up 2.0%

Hallador Energy stock opened at $16.13 on Friday. Hallador Energy Company has a twelve month low of $14.42 and a twelve month high of $24.70. The stock has a 50 day moving average of $17.15 and a two-hundred day moving average of $18.40. The stock has a market capitalization of $760.21 million, a price-to-earnings ratio of 30.43 and a beta of 0.22.

Hallador Energy (NASDAQ:HNRG) last posted its quarterly earnings data on Wednesday, May 6th. The energy company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). The company had revenue of $101.81 million for the quarter, compared to analyst estimates of $102.28 million. Hallador Energy had a return on equity of 14.25% and a net margin of 4.98%. Equities analysts predict that Hallador Energy Company will post 0.16 earnings per share for the current year.

Hallador Energy Profile

Hallador Energy Company is a coal producer and mine operator trading on NASDAQ under the symbol HNRG. The company’s primary business activities center on the production and sale of bituminous thermal coal. Hallador’s operations encompass two surface mines: the Shoal Creek Mine located in southwestern Indiana and the Bull Mountain Mine situated in eastern Montana. Both sites are designed to extract high-quality coal reserves for the power generation market.

Hallador Energy markets its coal primarily to electric utilities and industrial customers across the United States.