Hallador Energy Company $HNRG Shares Sold by Arrowpoint Investment Partners Singapore Pte. Ltd.

Arrowpoint Investment Partners Singapore Pte. Ltd. trimmed its holdings in shares of Hallador Energy Company (NASDAQ:HNRG) by 70.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,900 shares of the energy company’s stock after selling 136,800 shares during the period. Arrowpoint Investment Partners Singapore Pte. Ltd. owned about 0.13% of Hallador Energy worth $1,083,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in shares of Hallador Energy during the 2nd quarter worth $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 purchasing an additional 2,111 shares in the last quarter. USA Financial Formulas purchased a new position in shares of Hallador Energy in the 4th quarter valued at about $42,000. Tower Research Capital LLC TRC lifted its stake in shares of Hallador Energy by 294.5% in the second 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. Finally, Quantbot Technologies LP purchased a new stake in Hallador Energy during the second quarter worth about $134,000. 61.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HNRG. Wall Street Zen raised shares of Hallador Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 23rd. Jefferies Financial Group upgraded Hallador Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 26th. Weiss Ratings raised Hallador Energy from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. B. Riley Financial raised Hallador Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $23.00 to $27.00 in a report on Friday, March 13th. 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 report on Thursday, March 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hallador Energy has a consensus rating of “Moderate Buy” and an average price target of $26.63.

Hallador Energy Price Performance

Shares of Hallador Energy stock opened at $18.95 on Friday. Hallador Energy Company has a 1 year low of $14.42 and a 1 year high of $24.70. The business has a 50 day moving average price of $17.25 and a 200 day moving average price of $18.53. The company has a market capitalization of $893.11 million, a P/E ratio of 35.76 and a beta of 0.22.

Hallador Energy (NASDAQ:HNRG) last released its quarterly earnings results on Wednesday, May 6th. The energy company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.04). Hallador Energy had a return on equity of 14.25% and a net margin of 4.98%.The company had revenue of $101.81 million for the quarter, compared to analysts’ expectations of $102.28 million. As a group, research analysts expect that Hallador Energy Company will post 0.16 EPS for the current fiscal 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.