Monashee Investment Management LLC Makes New Investment in Hallador Energy Company $HNRG

Monashee Investment Management LLC purchased a new stake in Hallador Energy Company (NASDAQ:HNRG) in the 1st quarter, HoldingsChannel.com reports. The fund purchased 90,000 shares of the energy company’s stock, valued at approximately $1,465,000.

A number of other hedge funds have also recently made changes to their positions in HNRG. Royal Bank of Canada increased its holdings in shares of Hallador Energy by 92.5% in the fourth quarter. Royal Bank of Canada now owns 1,413 shares of the energy company’s stock worth $27,000 after purchasing an additional 679 shares during the period. Raymond James Financial Inc. bought a new stake in Hallador Energy during the second quarter valued at $27,000. Summit Securities Group LLC bought a new stake in Hallador Energy during the first quarter valued at $31,000. EverSource Wealth Advisors LLC grew its position in Hallador Energy by 11,110.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company’s stock worth $34,000 after buying an additional 2,111 shares in the last quarter. Finally, USA Financial Formulas purchased a new position in Hallador Energy during the fourth quarter worth about $42,000. 61.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on HNRG shares. Jefferies Financial Group upgraded Hallador Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 26th. Weiss Ratings upgraded Hallador Energy from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Wall Street Zen raised Hallador Energy from a “strong sell” rating to a “sell” rating in a report on Sunday, June 28th. Finally, Northland Securities upped their price objective on shares of Hallador Energy from $29.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $26.62.

Insider Buying and Selling

In other Hallador Energy news, Director Charles Ray Iv Wesley purchased 15,000 shares of Hallador Energy stock in a transaction on Tuesday, June 16th. The shares were acquired at an average cost of $16.69 per share, for a total transaction of $250,350.00. Following the completion of the transaction, the director directly owned 338,469 shares of the company’s stock, valued at approximately $5,649,047.61. The trade was a 4.64% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Daniel Timothy Hudson purchased 10,000 shares of the firm’s stock in a transaction on Monday, June 29th. The shares were acquired at an average cost of $16.94 per share, for a total transaction of $169,400.00. Following the completion of the purchase, the director directly owned 15,000 shares of the company’s stock, valued at approximately $254,100. This represents a 200.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 35,000 shares of company stock worth $589,170 over the last quarter. Company insiders own 17.43% of the company’s stock.

Hallador Energy Trading Down 1.9%

HNRG opened at $16.29 on Thursday. The stock has a market capitalization of $767.75 million, a P/E ratio of 30.74 and a beta of 0.24. The stock has a 50-day moving average price of $17.44 and a 200-day moving average price of $17.80. Hallador Energy Company has a 12-month low of $14.68 and a 12-month high of $24.70.

Hallador Energy (NASDAQ:HNRG) last announced 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 firm had revenue of $101.81 million for the quarter, compared to analysts’ expectations of $102.28 million. Hallador Energy had a net margin of 4.98% and a return on equity of 14.25%. On average, equities research analysts predict that Hallador Energy Company will post 0.16 EPS for the current year.

Hallador Energy Company 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.