PNC Financial Services Group Inc. boosted its stake in shares of Hallador Energy Co. (NASDAQ:HNRG) by 4.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,839 shares of the company’s stock after buying an additional 1,984 shares during the period. PNC Financial Services Group Inc. owned 0.17% of Hallador Energy worth $236,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Fund Advisors increased its stake in Hallador Energy by 2.0% in the first quarter. BlackRock Fund Advisors now owns 286,225 shares of the company’s stock valued at $1,308,000 after buying an additional 5,693 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Hallador Energy by 9.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 147,238 shares of the company’s stock worth $673,000 after buying an additional 12,480 shares in the last quarter. Acrospire Investment Management LLC bought a new stake in Hallador Energy during the first quarter worth about $275,000. Menta Capital LLC increased its stake in Hallador Energy by 9.4% in the first quarter. Menta Capital LLC now owns 96,327 shares of the company’s stock worth $440,000 after buying an additional 8,294 shares in the last quarter. Finally, Spark Investment Management LLC bought a new stake in Hallador Energy during the first quarter worth about $167,000. 51.73% of the stock is currently owned by hedge funds and other institutional investors.
Hallador Energy Co. (NASDAQ:HNRG) traded down 0.13% during mid-day trading on Monday, hitting $7.87. The company had a trading volume of 85,541 shares. The firm has a market capitalization of $230.20 million, a PE ratio of 13.20 and a beta of 0.03. Hallador Energy Co. has a 12-month low of $3.95 and a 12-month high of $8.70. The company’s 50 day moving average price is $6.88 and its 200-day moving average price is $5.22.
Separately, Zacks Investment Research raised Hallador Energy from a “hold” rating to a “strong-buy” rating and set a $5.25 target price on the stock in a research report on Monday, July 11th.
In other Hallador Energy news, insider Brent K. Bilsland sold 123,586 shares of the company’s stock in a transaction on Friday, September 9th. The shares were sold at an average price of $7.12, for a total transaction of $879,932.32. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 55.66% of the company’s stock.
About Hallador Energy
Hallador Energy Company is an oil and gas exploration company focused on developing coal reserves in the Illinois Basin. The Company, through its subsidiary, Sunrise Coal, LLC, is engaged in coal mining in the state of Indiana serving the electric power generation industry. Its projects include Carlisle Mine, Ace in the Hole Mine, Oaktown 1 Mine, Oaktown 2 Mine and Bulldog Mine.
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